Why Dubai property is attractive for foreign buyers?

Dubai offers the safest and hassle-free environment in the world. The city is tax haven means there are no taxes in Dubai. It's a secure place to live, work, study and the ease of doing business - for everybody, which created a sentiment among expatriates to make it home. That makes an investment haven for foreign buyers.

UAE golden visa is cherry on the cake. This visa allows foreign buyers a 10-year residency visa. The property laws are pretty defined. Therefore, your properties are safe and long-lasting. There are no disputes in property transactions because of the government control through regulations for all parties. Dubai has one of the lowest dispute ratios in the world compared to anywhere else in the world. The bureaucracy in Dubai is simple and straight forward.

In addition, Dubai offers one of the best rental incomes in the world. All laws for property owners’ associations and maintenance companies are pre-defined. So, the properties are planned for a very long period of time, say 20 years at least, to make maximum out it. The buyer earns one the best capital appreciation in the world as compared to New York, London, and Hong Kong. These are the reasons why foreign property buyers; especially Pakistani investors prefer investing in Dubai.

From which country do most buyers come?

There are over 200 nationalities, half-a-million Pakistanis, who live and work in Dubai. A substantial number of them plans to buy apartments after a year, two or three years. That’s because rents are high and residents plan to own an apartment to get rid of the monthly or yearly rents, which can be converted into monthly installments. That makes Pakistan among the top-five investors in Dubai real estate.

Top Buyer Nationalities: France, UAE, Pakistan, India, Syria, UK, Germany, Russia, Iran, Egypt, Saudi Arabia, The Netherland, Canada, Algeria, Iran, Jordan, Lebanon, USA, Italy, China.

Low Buyer Nationalities: Australia, Belgium, Turkey, Nigeria, Morocco, Romania, Tunisia

How will Dubai property perform in the future?

Beyond any doubt, the properties in Dubai will perform very well in the future because the demand is constantly high. In Dubai, we have one of the biggest growths in the number of trade licenses and business setups, which sets Dubai as a regional hub and a safe and secure place. That’s all going rock solid. More and more Europeans, Americans, and Arabs are moving to Dubai because the city’s security features.

In addition, the recent announcement of world’s largest airport construction with the $35 billion construction activity is again supposed to bring another boom in Dubai real estate. That, obviously, will club with the development of Dubai South, which is the new city within the city.

Differences between the real estate markets of Pakistan and Dubai

The real estate investment in Pakistan and Dubai cannot be compared because Dubai is a very simple, straight forward and a well-regulated place to do business and buy a property. For example, a real estate transaction in Dubai takes 30 minutes. And buyer will get an approved title deed (ownership agreement) from Dubai Land Department, the regulator of real estate sector in Dubai. It gives a very strong feeling to investors.

In Pakistan, this simple process takes ages where, the first step of registering a property could take anywhere between four to 12 months. Dubai and the UAE in general is a stable government which brings the economic stability. So, the investments are safe. Because of this safety, properties keep on appreciating. It is safe to say that the property always appreciates and the rental income always increases.