Many places come to mind when considering luxury real estate investment, but if you are serious about it, there is no better place than Dubai. Dubai is one of the best-performing investment destinations in the world, and it has established itself as the East's commercial hub. Dubai has become the embodiment of modern architecture in recent years, with its aggressively modern styles infused with Islamic culture. Dubai is the ideal spot to invest in 2022 since it is a contemporary city with wealth and visionary individuals.
Thus in today’s blog, Dhanguard will extensively discuss why and where in particular you should invest in Dubai. Also we will provide additional information about why you should invest in Dubai Real Estate if you are looking to grow your money. So without any further ado, let’s learn!
Why is it Beneficial to Invest in Dubai?
Dubai has established itself as a leading investor hub, in addition to its famous skyline, affluent lifestyle, and record-breaking statistics. Given the unexpected market conditions the entire world experienced during the global covid 19 epidemic, Dubai has undoubtedly been put to the test. Despite the upheaval, the emirate remained resilient throughout, thanks to its effective post-pandemic strategy as well as social and economic change, solidifying its position as one of the most enticing places for investment prospects.
Thus we've gathered reasons why investing in Dubai real estate is beneficial-
Innovation and Development
From the tallest buildings to the largest airports, Dubai's economy and people are growing at breakneck speeds thanks to its cutting-edge developments and innovation. After all, it is the 'City of Superlatives' as well as the 'City of Innovation'!
Dubai is a major center for technological and business development that is constantly evolving to support an innovative ecosystem. Dubai is a recognised world leader in AI, robotics, and fintech in the area, providing constant support and manufacturing hubs for innovative enterprises to produce and test their products, with humanoid robots now serving consumers ice cream at 'Icealice' in Dubai Festival City Mall.
Investing without Taxes
You won't have to worry about taxes if you buy a home in Dubai, since the emirate has no annual property tax, income tax, or capital gains tax, making it the finest location for real estate investment. Following the purchase of a property, owners will only have to pay one-time property transaction and registration costs, no further or recurring taxes.
In comparison to other large cities where paying periodic taxes is required, this makes properties in Dubai extremely reasonable and, more importantly, lucrative. Though the corporation tax will be implemented, the real estate market will be unaffected, so you may buy a home in Dubai and rest confident that you will not be required to pay a portion of your earnings in taxes!
High Quality of Life
Due to its great quality of life and world-class infrastructure, Dubai is often regarded as one of the best locations in which to invest. It's easy to see why Dubai is a refuge for investors, with its top-notch dining venues, affluent lifestyle, magnificent beaches, connectivity, and cutting-edge entertainment and recreational amenities.
Various developers in Dubai have a growing inventory of magnificent residences in upcoming and attractive neighborhoods. Not only that, but it is very inexpensive in contrast to other major cities, thus there is something for everyone's budget.
Accelerated Economy
Another big advantage of purchasing real estate in Dubai is that the city's economy is rising. Dubai acts as a key regional hub for enterprises looking to expand in either or both directions because of its strategic location at the crossroads of East and West.
It is drawing more foreign investors than ever before thanks to its highly diverse and stable economy, which generates cash from tourism and trade. Dubai's economy has improved dramatically across all sectors and had extraordinary capital growth as a result of the government's efforts to position Dubai as the heartbeat of business and commerce in the MENA region.
Security and safety
The safety of Dubai is crucial in drawing more expats and investors to the city. Apart from effectively managing the global covid-19 outbreak, Dubai is regarded as one of the safest cities to live in, with a low crime rate and an efficient legal system, thanks to its stringent security measures.
Read More: Investment in SME: A New Future for a Fast-Growing UAE
Best of Dubai’s Investment Places
So, if you're ready to invest in Dubai, these are the sites you should look into:-
Dubai Marina
Another waterside property, Dubai Marina, comes in second on the list of popular real estate investments in Dubai. It is the most popular among real estate investors due to its high-rise apartments, exquisite dining establishments, and pavilion villas. On short business travels, many individuals opt to stay at Dubai Marina. Dubai Marina is not only beautiful, but it is also close to commercial headquarters in Dubai Internet City and Dubai Media City. Dubai Marina is a wonderful alternative for real estate investors because of all of these advantages.
The Palm Jumeirah
The Palm Jumeirah in Dubai is a famous business destination for real estate investors due to its upscale location and unique projects. It is one of Dubai's fastest-growing areas, with the second-highest move-in rates in 2015. The Palm Jumeirah is a famous location for purchasing luxury houses and flats. A five-bedroom villa in the vicinity will set you back AED 16.5 million.
The prices are AED 9.2 million for a four bedroom home and AED 6.2 million for a three bedroom home. The prominence of Palm Jumeirah in the real estate market makes it an excellent alternative for anyone wishing to invest in Dubai real estate.
Sports City Dubai
Dubai Sports City, Dubai's sports center, opened in 2003 and houses academies in cricket, golf, swimming, football, and rugby, among other sports. The center is next to the much-anticipated Expo 2020 pavilion, making it a good investment option. The Expo 2020 in Dubai is projected to attract a huge number of investors.
The Springs
The Springs is a region of Dubai where only Emiratis live, and it's one of the best places to live because of the incredible range of recreational amenities and the peaceful neighborhood. A 3-bedroom villa in The Springs might cost up to AED 2.3 million, while 4-bedroom homes could cost up to AED 2.7 million.
Downtown Dubai
The Burj Khalifa, Mohammed Bin Rashid Boulevard, and the Dubai Mall are all located in downtown Dubai. This neighborhood is notable for its high-rise apartments. It is one of the most popular tourist attractions and offers excellent real estate investment opportunities.
Barsha Heights
Barsha Heights, formerly known as TECOM, is home to over 500 global corporations in Dubai, including Microsoft, CNN, HP, BBC, CNBC, and others. There are plenty of residential complexes and hotels in the region, making it ideal for anyone looking to invest in Dubai. Barsha Heights is also popular with investors due to its location in the heart of 'New Dubai' and its status as a business hub.
Conclusion
We hope you now have a clear picture of the properties in Dubai where you can put your money to work. Investing in Dubai, particularly in real estate, can ensure financial stability and a high return on investment in the UAE. If you're unsure about investing in Dubai, speaking with a real estate business is always a good option. Thus we hope this blog provided you with insightful information. For more information on other related aspects, feel free to check out our website as well or get in touch with our Experts by visiting our Branch Office.