Whether you are an entrepreneur or on a holiday, a Real Estate enthusiast, or a luxury home seller, Dubai’s skyscraping constructions have got something for everyone. Dubai Festival City has been attracting investors from all over the globe. One point to be noted is that Dubai has a powerful fan base in the South Asian countries as well.
According to Ayhan Real Estate company, Indians had made up to 66.86% of search volume on several Real Estate websites to buy properties in Dubai in 2015. The UAE has come out to be the wealthiest country amongst the entire Middle Eastern nation, says an official at Ahyan Real Estate.
But before we speak about the bonuses and good stuff of Dubai, let us understand the reasons why everyone loves Real Estate in Dubai. So let's dive right into the topic.
Why Invest In Dubai Properties
According to Ayhan Real Estate reports, the Real Estate market of
Dubai Silicon Oasis is attracting all sorts of international investors. A total
of 6,590 transactions in the Real Estate market was recorded in March 2021
which turned out to be the second-highest figure since February 2017.
As per the property officials and agents' estimations, the
population is set to become normal by the end of the year 2022 which could be a
golden opportunity for the prices to gain traction again. Therefore, it might
be the right time to invest to get maximum yield.
Here are a few reasons why you must invest in Dubai Properties and
the reasons why everyone loves Real Estate in Dubai:
World Expo 2020
The Dubai World Expo 2020 is a massive public exhibition gathering which is held every consecutive 5 years by the nation that won the event hosting rights. It is about the representations of innovations and brand new ideas in front of the global audience.
Ahyan Real Estate estimates that around 182 countries with various organizations are set to participate. Originally, the event was supposed to be held from 20th October 2020 to 10th April 2021, but due to the recent outbreak of the Coronavirus pandemic, the dates were postponed until 1 October 2021 to 31st March 2020.
This event will also open up new jobs and opportunities for the budding businesses and will increase the hotel businesses too. This event is supposed to provide Dubai with global exposure for attracting Foreign Direct Investments. These things mentioned above will positively affect the Real Estate industry.
Tax-Free Nation
Everything in Dubai is Tax-Free. There is zero income tax applied in the revenue generated in Dubai. Along with that, Dubai is sales-tax-free on most goods and services. This is what makes Dubai a focal point for global trades.
In simple words, you are not charged any extra stamp duty or property tax which is also applicable to other countries as well. Properties yield good rental income and the property prices are quite affordable if you compare it with the rest of the world.
Get VISA By Investing In Dubai Properties
If you make a property purchase in Dubai, then you are eligible for Investor Residency VISA, but there is a catch! The value of the property must be more than or equal to 1,000,000 AED, only then you would be entitled to an Investor Residency VISA for 2 years. After the entitlement period is over, you would have to renew your VISA.
Furthermore, if your invested amount in property is around 5,000,000 AED or more than that, then you will be entitled to a 5-year Investor Residency VISA. Similarly, for investments of 10,000,000 AED or more, you will be entitled to a 10-year Investor Residency VISA.
