Dubai Property, many of the property owners are residents or genuine investors. When it comes to choosing between a luxury property located in any other Country and one located in Dubai, many Foreigners HNIs seem to prefer the latter. We look at what makes Dubai properties so attractive to Foreign investors.
Dubai Real Estate and Property
The government’s decision to diversify from a trade-based, oil-reliant economy to one that is service- and tourism-oriented made property more valuable, resulting in the property appreciation from 2004 to 2006. A longer-term assessment of Dubai’s property market. The large-scale real estate development projects have led to the construction of some of the tallest skyscrapers and largest projects in the world such as the Emirates Towers, the Burj Khalifa, the Palm Islands and the most expensive hotel, the Burj Al Arab.
Dubai Property: A magnet for Foreigners
- Property prices more rational than any other cities.
- Rental yields in Dubai is 5-8% per cent, are tax free.
- Home Loans Interest in Dubai 2-4%
- Real estate is sold in carpet areas, pay for what you get
- Attractive capital appreciation is 5-8%.
- Hassle-free buying and selling, with no tax liability.
- A global city with better quality of life.
- Dubai is a home to 200 nationalities
- Easy accessible from anywhere in the world. 2/3rd countries can reach Dubai within 5 hours and rest of the countries reach within 8 hours
- Dubai is the Tourism Hub, most busiest international airport
- Highest quality of Life. 2nd Best place to live after Netherlands
- Safety and security
- 70% of Fortune 500 companies have branches in Dubai
- 62% globally recognised brands are present in Dubai, next to Shanghai and London with 52%
- Economic Stability
- Best in class Public Transportation
- Tax Heaven
- Highly Liquid Property Market – Highest Rental yields, strong capital appreciation, zero income tax
- Ease of business setup 100% ownership, exempted from all import duties, 100% repatriation of capital and profits
- Stable currency as UAE dirham is pegged to globally recognised US dollar, which means value of currency has enjoyed balance and growth as well as stability to import and export trade.
Why Foreign investors are lured by Dubai’s Real Estate Market
Attractive capital values are just one of the temptations, for HNIs. Dubai also offers rental returns in the range of seven to 12 per cent, which is higher than most global cities. For example, Jumeirah Village Triangle (JVT) has the highest rental yield for apartments in Dubai at 9.2 per cent, despite witnessing one of the steepest decline in prices, by about 12 per cent, says Propertyfinder. In comparison, the rental yields in London are 3.5 per cent, while in Hong Kong it is 2.82 per cent and 2.83 per cent in Singapore. Dubai’s tax-free status makes rental income more profitable. Even purchasing a commercial or residential property, does not entail taxes.
In addition, for a property that has already been purchased, owners do not have the liability to pay additional taxes in the future, for having freehold property.
Reach us to Buy Property In Dubai
