Readers who have spent hours searching for an answer to Dubai Real Estate Investing's problem will be familiar with the challenges. Located on the coast of the Persian Gulf, the United Arab Emirates has a rich history intertwined with trade, oil, industry, and property.
This history is surpassed by a future that promises a landscape conducive to expansion and investment. But the dilemma of Dubai Real Estate Investing in this region has kindled a great deal of doubt over its feasibility. The time has come to put such matters to ease and acknowledge the UAE as not one of the best, but 'the best place to invest.
For starters, the UAE has consistently demonstrated its viability as an investment destination by receiving the title of 13th Most Promising Domestic Economy for Investment. The region is expected to attract more than $2.8 trillion in global investment in 2022 (a 5% increase from 2021).
Due to its key position in the global landscape, it offers the Best Investment Opportunities for Top Real Estate Companies in Dubai. The UAE served nearly 2.4 billion market traders in 2017 within just five hours to recent Thomson Reuters reports.
The region is also the 3rd most glamorous investment destination for those in infrastructure.
With more than a hundred smart city initiatives set to take effect as part of a detailed plan for the upcoming EXPO, opportunities abound for investors. More than a thousand government services have by now been made smart in 2017.
REITs
REIT or Real Estate Investment Trusts in UAE are progressively gaining commonality. The country's REIT sector rise sharply in 2021 with a number high profile acquisitions such as the purchase of The Edge, Uninest, and South View School by ENBD REIT.
While only representing a small chunk of the sector, they are familiar to be a great way for small investors to enter the market.
The Freedom of Freehold Properties
The introduction of the Freehold Properties act in Dubai in 2002 was the first platform that allowed foreigners to buy, sell and lease property.
The Act helped launch multiple projects like the 'New Dubai' area comprising the Dubai Marina, Jumeirah Lake Towers, and Emirates Living.
This has helped fuel the growth of construction, architecture, engineering, and other real estate services. With time, Dubai transformed into a global hotspot for investments attracting the best and brightest.
High return on investment (ROI)
The ultimate goal of any investment is to get more for your money. The United Arab Emirates commands an ever-flourishing real estate market that grows with its population.
In the decade since the global financial crisis, real estate investments in Dubai have brought investors a 120% return. The region's testament is accepted by property investment in Dubai Real Estate which was ranked second only to investment in the Nasdaq Index back then.
In the first quarter of 2017, the Dubai Land Department recorded transactions worth AED77 billion (US$20.9 billion) in the first three months of the year, compared to AED54.7 billion ($14.89 billion) from January to March 2016.
The data for 2018 showed a similar trend with transactions in the first three months totaling Dh58 billion through 13,759 sales. Transactions worth Dh8.4 billion
The first quarter also attracted 5,041 foreign investors making more than 5,000 transactions with a total value of over 10 billion dirhams.
All these figures paint a happy picture for the real estate sector in UAE and end the question to invest or not.
Need to know more? Visit https://bit.ly/3TfpSGJ or Call us @ +971 54 990 8590
Related posts:
Boost your Airbnb income by leveraging Dubai's booming tourism market. Learn about peak tourist seasons, effective marketing strategies, and unique guest experiences that can maximize your profitability. Explore expert tips from PHOREE Real Estate, Dubai's premier real estate consultancy.
Learn how to manage your Airbnb property efficiently with expert tips on guest check-ins, property management software, cleanliness, and handling guest reviews. Maximize profits and ensure guest satisfaction with these best practices. Contact PHOREE Real Estate for personalized property management...