Seven reasons why investors can’t resist Dubai’s real estate sector

Dubai’s real estate sector is becoming more and more irresistible to investors from all over the globe, the reason is that it offers a high return on investment and the demand for luxury real estate specially luxury homes is going strong. Here’s a look at what makes Dubai so irresistible.

1. Strong Economy: Throughout the year Dubai has proven itself to be a very strong economy. This resilience is due to the fact that the Government of Dubai is committed to innovation and diversification. This economic growth and stability also have a huge positive impact on the Dubai property market.     

2. Increasing demand: Dubai’s robust economy attracts businesses and talent from all over the globe and its residency programs are also gaining popularity. This means that Dubai’s population is on the rise, which results in high demand and keeps vacancy rates low, it also keeps property values on an upward trajectory.   

3. High rent yield: Real estate investors find the market very tempting inDubai because the city offers one of the highest rental yields in the world. In fact, with the right kind of investment strategy the rental yield can be as much as 6 to 10% annually.

4. Tax advantages: It is no secret that Dubai is a haven for investors who want tax free returns. What sets Dubai apart from many other cities is that it has no income tax on the income generated from properties, and that’s not all. You don’t have to pay any capital gains taxes when you sell a property. All this adds up to maximize your gains.

5. Diverse property investment options: Doesn’t matter what your real estate investment preference is, chances are Dubai has what you’re looking for. Anything from luxurious beachfront apartment to trendy lofts to spacious villas in friendly communities that have world class amenities, there is something for everyone. Investors can choose properties based on their budget and desired rental income.

6. Strategic location: Dubai has a very advantageous strategic location, it is the gateway to the Middle East, Africa, and South Asia. It also has an excellent air connectivity to multiple important global locations. This means that the people who invest in Dubai real estate get access to not only the business hub that is Dubai, they also get access to important emerging global markets. Combine all this with a visionary government, a thriving economy, pro-business laws, and you have every investor / businessman’s heaven.       

7. The lifestyle: Investing is Dubai is not just about capital gains, the top Dubai developers have used their visionary approach to make Dubai a marvel of architecture and luxury. When you invest in Dubai you not only get the best tax-free capital gains, you also get a world class luxurious lifestyle whether its luxury villas, apartments, golf courses, luxurious shopping malls Michelin-starred hotels and restaurants and to top that of Dubai offers world class entertainment, amenities and infrastructure. The Dubai lifestyle attracts people from all over the globe and ensures that Dubai is a prominent player in world economy.           

Conclusion

Whether you are investing for the long term or short term, Dubai is an amazing opportunity. It has a very stable economy and a commitment to continuous growth. Dubai will be the top destination for investment for a very long time to come.