Reasons why people want to invest in the Real Estate Market of Dubai

There are many reasons behind the appreciation in demand for real estate in Dubai. The city’s real estate has options for almost everyone, so you can see here entrepreneurs, holiday goers, investors as well as luxury seekers. Dubai is considered as one of the best places in the world to invest. Listed below are the reasons which explain why this city has become so popular for real estate investments:

• In comparison with other metropolitan cities of developed countries, Dubai is quite affordable. As per a recent survey, a spacious 2 BHK apartment located in the heart of the city offering world class facilities cost the same amount like that of a small spaced studio like an apartment in the other famous metropolitan cities.

• The Government of Dubai has implemented new laws to attract the foreigners in Dubai. Basically, the simple foreign ownership laws and the tax-free environment are the things that have helped in boosting the real estate market of Dubai.

 

• International investors are attracted to invest in the Dubai market because compared to other parts of the world; the business environment over here is safe and lucrative. Moreover, there is no political instability and the environment is quite friendly for the investors. In addition to this, Dubai is known for its fast growing economy in the world and Expo 2020 are the other reasons which make the real estate market of this place highly attractive for the investors.

• In order to attract the international investors and motivate the market, the Government of the country, as well as the well-known property developers in Dubai, are always offering lucrative investment incentives.

• The value of real estate market in Dubai is expected to go up in the coming years. As the city still offers huge scope of development, it is perhaps the best time to invest in properties that will show high appreciation in the coming years.

• Investing in Dubai’s real estate market is quite easy and simple process. You will just need to find a property, pay the owner and you become the owners. Unlike other foreign countries, you do not need any permits, special visas, or extensive paperwork for approvals to purchase the property. Moreover, as per the government laws, if you buy a property that costs more than AED 500,000 you are eligible for a residence visa.

• With Expo 2020 coming in to the city and the probability of several new professionals coming here to get established in Dubai, the city has experienced a compression and a high demand to deliver and increase the reasonable real estate sector. This is why; renting a property is quite expensive than becoming an owner of the same type of property.

• If you are concerned about ROI (return on investment); then Dubai is the best place to invest in. Because of the steady market and growing economy; Dubai gets extremely good rental yields. As the property prices from other major cities of the world are lower; it is one of the best places to invest in.

All these make Dubai one of the most lucrative places in the world to invest in. Whether you are looking for a villa with private beach in Dubai or a plush apartment; you can get in touch with the best real estate developers here.