Is Buying Property In Dubai A Good Investment?
The global property market is the aggregation of many sub-real estates and one them is the UAE property market. There is no doubt that property investment in Dubai is less risky and promises to withstand against the market downturns. In Dubai, all the economic-pacing factors here are favorable, the Dubai real estate sector is of great interest to the global property investors.
If you are thinking to Invest in Dubai property, you are on the right track as the prime locations here like Dubai Marina, Business Bay , Downtown Dubai, Arabian Ranches, Palm Jumeirah, to name a few, are assured to fetch a handsome ROI.
You name it, in terms of space preferences, Dubai has it. It has friendly government policies that allow offshore real estate investors, and individuals/families to business and live a luxurious lifestyle. Dubai is the pride of UAE and where the citizens, visitors, and temporary workers experience a pleasant political atmosphere.
The infrastructure development in Dubai speaks of its world class architecture, and design like the Burj Khalifa, Dubai World Trade Centre, and others. Dubai’s real estate sector has marked remarkable growth recording property transaction of 6.94 billion AED and unit development around 3,300 units during January 2021 alone.
The CBRE report highlights a massive increase of 15.9% in Dubai Properties throughout the year ending in May 2023. The Dubai real estate investment property market is the popular global real estate hub that attracts business investment, scoping branch set-up and start up, and for families/individuals, residential property investment.
Why Invest in Dubai Property?
The non-oil sector in UAE estimates a 4% growth in 2024 confirms the report of Standard & Poor report. The pace in economy is due to the adoption of advanced and innovative technology, tourism boom, and friendly trade and investment norms.
All the above factors help in surging foreign investment with more real estate developers actively diverting their interest in the development of property market. The expected Dubai real estate price rise in 2024 is 4%, and expert’s predict 5-10% increase in rental prices too.
Factors Determining the Rise of Dubai Investment Real Estate
The Director-General of Dubai Land Department, Sultan Butti bin Mejren, commented,” Dubai stands as one of the world’s fastest-growing cities in terms of sustainable development in the real estate sector.
Here are some credible factors that advocate Dubai to be the best place for real estate investment.
1. Strategic Location
Dubai’s location makes it a perfect place for international business, as routes easy global connectivity, making it a feasible Emirate for economic development affairs. The fast-pacing market in Dubai provides easy access to the Middle East market, making it as the one of the best places in the world investment.
2. Growing Economy
Dubai’s economy records a rise by 3.2% at $60.9 billion in the first six months of 2023. The remaining six months witnesses a 3.6% growth. Dubai’s diversified economy focuses on real estate, finance, tourism, and logistics. It’s investment in technology create new opportunities, making Dubai less vulnerable to sectoral changes. Dubai Property Investment market allows 100% foreign ownership in Dubai Mainland, making it a smart investment choice.
3. Ease of Visa Procedures
The United Arab Emirates has made amendments to its visa policies as the Golden Visa uae offers vital benefits to the offshore investors. It provides a 5-year green residency and 10-year visa validity. The visa application and issuance simple for a hassle-free experience in Dubai. Before the change, the visa limit was only six-month. Dubai’s simple visa procedure is easy unlike other countries.
4. Stable and luxurious lifestyle
Dubai, the 16th most luxurious city globally and the foremost in the region is renowned for its political stability and business-friendly atmosphere. Overall, Dubai offers a high-quality and lavish living experience. Also, the government’s proactive policies favour Dubai investment in real estate market, complemented by a robust legal framework that safeguards investor rights.
5. Infrastructure and innovation
The world-class architecture and skyscrapers add economic value to Dubai, making it the prime center for investment in the world. Next is the mobility, and connectivity that features efficient transportation system. The metro development is the example of Dubai’s commitment to provide convenient means of movement within the city. The sustainable buildings are equipped with the solar gadgets and water conserving tools. The residential and commercial properties are developed in line with the eco-friendly theme, green projects and smart technology integration.
6. Population Growth
The other compelling reason to Invest in Dubai property is its quick growing population. As the city experiences steady population growth, it creates an investment viable market for various industries and services. A growing population enhances consumer demand and contributes to overall urban economic vitality. This demographic trend positions the Dubai Property Investment market as a promising option.
7. Captivating Architecture
Another reason that boosts investment in Dubai is the awesome architecture structure that draws in global property investors. The Burj Khalifa is one of the splendid structures that is world famous its structural design.
The wave-shaped Jumeirah Beach Hotel, situated at the coast, Jumeirah Beach Hotel is known for its unique designs and engineering excellence, offering a wonderful view of the Persian Gulf in Dubai Marina. The 7-star luxury hotel, Burj Al Arab, is also known for its mesmerizing structure design in Dubai, followed by Cayan Tower that boasts of its structural altitude.
Such iconic landmarks enhance the city’s global allure and make it a prime choice for those seeking lucrative Dubai Investment Real Estate opportunities.
8. Tax-free environment
Investing in a Dubai Property brings large profits as there are no taxes. Dubai’s investment in real estate attracts no income, corporate, or capital gains tax. This zero-tax status is an opportunity for investors to reinvest a larger portion into their businesses. It fosters an environment where businesses can thrive and grow without the financial burden of traditional taxation, making Dubai a prospective and competitive global business hub.
Invest in Dubai with HJ Real Estates
Associate with HJ Real Estates,
your trusted partner for Dubai investment in real estate options. Explore a world of real estate investment possibilities and secure your financial future with HJ Real Estates. Our professional team is dedicated to guiding you at every step of your investment journey.
Read Also : What is the Future of Property Prices in Dubai?
From choosing property to real estate transaction processes, HJ Real Estates is committed to ensure maximum return for the investors and also help them make informed decisions. With about 14 year experience in real estate, HJ Real Estates strives to provide best property management and mortgage services to its prospective investors.
Now you know why to Invest in Dubai in 2024.
