Dubai is one of the most popular places in the world to invest in property. Whether you’re looking for a vacation home or an investment property, Dubai has something to offer everyone. In this article, we will discuss why you should consider investing in property in Dubai.
Let’s take a look at these reasons
Consistently Growing Population
Most of the newly developed areas in Dubai are aimed at the expatriate community, which makes up more than 90 % of its population. The government is committed to making Dubai one of the most liveable cities globally, and it is well on its way. As a result, Dubai’s population has grown by an average of 6% per annum – that’s over 1 million new inhabitants every five years.
Low Acquisition Cost
The cost of a property in Dubai is lower when compared with other countries in the region. A good example would be the United Arab Emirates, where the median value per square foot of real estate is approximately US$ 562 while it costs around US$ 466 in Dubai.
This makes Dubai an attractive option for expatriates looking to invest in properties outside their country of origin. You can also make some higher returns by trading on 1k daily profit app and saving the cost.
Dubai was once referred to as ‘a cultural desert’ because not much emphasis was placed on traditional forms of culture or arts. But today, there are over ten museums, including multiple art galleries throughout the city, encouraging people to participate in other cultures.
A thriving nightlife coupled with festivals throughout the year such as Dubai Shopping Festival, Dubai Summer Surprises, and Dubai International Film Festival make it a great place to visit.
Consistent Development & Innovation
Dubai’s economy has realized impressive growth throughout the global economic crisis, especially in its real estate sector. This is partly due to Dubai’s pro-business policies and strategic location, which makes it favourable for foreign investment.
Ministry of Happiness
There are countless reasons to invest in property in Dubai. The UAE is considered one of the safest countries to live and work, with various rankings placing it among the best locations for doing business. It has also experienced significant economic growth over recent years, which can only mean good things for future investment returns.
Dubai is one of the safest places in the world. The UAE has extremely strict laws, especially regarding crimes against people and property. If somebody were caught with illegal drugs, they would be given a mandatory death sentence. There are no penalties for protesting or free speech either.
UAE Property Visa
Dubai has always been popular among expats, but the UAE’s new visa rules are attracting even more to the emirate. Dubai offers a fast-track visa for high-value individuals and families who want to make their home in the UAE.
This investment visa allows investors access to permanent residency for themselves and their relatives after only one year of residence. It also brings an accelerated process for nationality applications.
Good Capital Appreciation
The value of properties in Dubai has been appreciating at 15% every year. This makes it an ideal investment option for long-term investors who wish to enjoy capital appreciation or those looking towards the future and want to secure their financial stability.
The Bottom Line
The real estate market in Dubai is currently booming, where it’s projected that one in three homes are being sold to investors. There are many reasons why property investments in the city of gold still look like a good idea for people looking at building their empire.