Why to Invest in Dubai Real Estate
NOW IS THE BEST TIME TO INVEST IN DUBAI REAL ESTATE.
If you’re looking to invest in real estate or settle down in a thriving metropolis, this is your opportunity to buy property in Dubai. With 42,356 homes valued at $1 million, prime residential real estate in Dubai is now among the most affordable in major cities.
Invest in Dubai Property
Dubai is known as one of the best places in the world for various activities, such as living, traveling and investing. It also holds the title of the safest city in the world. It has a social, economic and service-friendly environment that offers residents and investors many advantages not found in other countries, making it one of the most attractive places to invest in a variety of industries, especially real estate.
We give some reasons why you should invest in Dubai property this year. Please feel free to share your own personal reasons.
SAFE TO LIVE AND WORK
With 27,642 real estate transactions in Dubai worth AED111 billion in the first six months of 2018, the Dubai real estate market is ever growing – attracting foreign investors who accounted for nearly half of the transactions.
There are key advantages that make real estate investing in the Dubai real estate market very attractive to foreign investors. And at PHOREE Real Estate, you will find a varied portfolio of different properties that are fitted for every lifestyle and preference.
High-quality lifestyle with affordable housing
With world-class infrastructure, top-quality restaurants, and state-of-the-art recreational and entertainment facilities – not to mention great healthcare, and award-winning schools and colleges, Dubai presents high quality lifestyle with housing that is quite affordable.
INVESTMENT ADVANTAGES
Competitive Rental Yields
Dubai offers superior property yields than popular cities such as London and New York, with a gross rental yield of between 6-10% and an average return of average 7.5%. The property prices in Dubai are also competitive versus other major international hubs like London, New York, Hong Kong, Paris, and Singapore.
Economic Growth & Stability
Investors choose Dubai because of the economy’s continued growth and stability. As the tourism and commercial hub of the Middle East, it has one of the most diversified economies, attracting a high volume of foreign investment annually. It comes as no surprise that Dubai took the top spot in 2021 for attracting foreign direct investment projects.
Regulated Market
Dubai’s real estate market has been rated the most transparent in the Middle East and North Africa. At the moment, the market is at a high point with no signs of slowing down. Through new and revised initiatives and regulations, the government is improving market transparency. Just this year, all real estate data is now publicly available thanks to a new initiative from the Dubai Land Department (DLD).
Tax Free Investment
One major advantage of investing in Dubai, especially in real estate, is undoubtedly the exemption from property taxes. Although VAT was only recently introduced and does not apply to the purchase of residential property, it is still negligible in terms of overhead costs. As a result, you can buy a villa or apartment anywhere in the city without sacrificing any part of your annual income.
Growing Population
As Dubai's population is expected to double by 2040, more real estate projects are expected to be launched, assuring investors of a high return on their investment. According to the Dubai Center for Statistics, Dubai had a population of 3.4 million in January 2021 and will have 6.2 million by 2040.
Safest City in the world
The United Arab Emirates and Dubai are known as highly secure countries and cities. In fact, it is often named the safest in the world. More than 96.1% of respondents in a survey conducted by the 12th International Symposium on Best Policing Practices in 2019 said they felt comfortable walking the streets at night, and personally, I can only confirm this, as a woman who lives and works in Dubai.
Contact information
Address: DAMAC XL Tower Floor 19, Suite 1904 Business Bay Dubai, UAE
Hotline: +971 54 990 8590
Email: Info@PHOREE.AE