DUBAI: First Choice For the Dubai real estate market Real Estate Investors

In the last decade, Dubai’s towers have attracted major foreign investors because there are several best communities in Dubai. The Dubai real estate market, in addition to its luxury, offers a better return on investment (ROI) on properties than other international cities, making it the preferred destination for international investors. Wealthy individuals used to put their money into second homes in western capitals like London, Berlin, Geneva, Paris, and New York. In the last decade, Dubai has surpassed several western cities to become the world’s most popular investment destination. Dubai’s real estate market executives are now adapting their sales to take advantage of increased overseas investment.

Despite the pandemic, Dubai has retained its leadership position as one of the top three investment locations in the world in 2020. The emirates attract a large number of foreign property buyers, making it the world’s most active market for foreign real estate investors.

According to the Dubai Land Department’s (DLD) annual transaction report for 2020, Dubai’s real estate market saw 51,414 transactions in 2020, totaling over Dh 175 billion.

There was also a lot of interest in buying properties in Dubai from investors from the Gulf Cooperation Council (GCC) countries. A total of 6,704 investors from the Gulf Cooperation Council (GCC) made 8,659 investments totaling Dh14.8 billion. GCC nationals were led by Emiratis, who were followed by Saudis, Kuwaitis, Omanis, and Bahrainis. In 2020, 4,388 Arab investors will have completed 5,283 transactions worth around Dh7.5 billion.

What is the top reason to invest in Dubai real estate?

Dubai’s dynamism and tax advantages are the main reasons for overseas purchasers to purchase property there. Other parts of the world have far higher tax rates, which is one of the main reasons why international purchasers like the Dubai property market. In addition, Dubai’s popularity stems from its geographical location, which is nearly equidistant between Asia and Europe. These are some reasons to invest in Dubai real estate.

1. High rental yields 

Dubai delivers significant returns on real estate investments when compared to several of its competitors throughout the world, including New York City, Hong Kong, and London. Expect yields of up to 8% per year, with double-digit returns in some areas and for particular properties.

1. Quality of life

People are turning to Dubai for a variety of reasons, including the great quality of life, low crime rate, good roads, and a huge number of shopping establishments. Due to its low crime rates and competent judicial system, Dubai is regarded as one of the safest cities in the world. One of Dubai’s biggest assets, according to the government, is its superb infrastructure.

1. There are numerous options available

Although Dubai is regarded as one of the world’s top investment destinations, its real estate market offers appealing possibilities in a variety of areas, including residential property, hotels, room service, flats, and so on. People from all over the world are drawn to Dubai to work and invest in real estate because of this. Moreover, through the local stock exchange, Dubai real estate is available to investors worldwide.

1. EXPO 2020

The fair will run for six months, and the site will be rented out to millions of tourists. In addition, investors that purchase the property during the Expo get a great deal.

1. Tax-free economy

The city is an appealing investment environment due to favorable tax conditions, particularly the absence of property tax and stamp duty, which is common in other worldwide property markets. In addition, property prices per square meter are lower in this city than in many others, making it an affordable place to purchase outstanding real estate.

1. Residency benefits

As a foreign investor, your residency in the UAE gives you access to a slew of extra benefits. If you own a property worth more than AED 1 million, you can apply for a resident visa. This has its own set of rules and regulations, which can be found here. According to a recent announcement, investors will be able to secure a 10-year resident visa in the United Arab Emirates.

Top places to invest in Dubai

Dubai is one of the top locations in the world to invest in real estate. It offers a diverse range of real estate opportunities for investors, including commercial and residential properties such as flats and villas. Regardless of the size of the investment, finding the ideal location for the property to invest in is critical because it is a major element in determining the return on investment. These are some ideal locations to invest in Dubai.

1. Dubai marina 

For the past few years, Dubai Marina has been the favorite destination for real estate investors in Dubai. The area has a terrific mix of apartments, villas, and a variety of retail businesses and dining options, making it a popular choice among Dubai property investors. In January 2018, Bayut produced a monthly real estate report for Dubai, highlighting the stability of asking prices for properties in Dubai Marina, making it a fantastic place to invest in real estate.

1. Palm Jumeirah 

Another perennial favorite among Dubai real estate investors is the Palm Jumeirah. In recent years, Palm Jumeirah’s location and outstanding constructions. It has made it one of Dubai’s most trustworthy real estate investment destinations. The Palm Beach Residencies and Raffles projects are now under construction, and when completed, they will undoubtedly increase demand for this location. 

1. Arabian ranches 

Arabian Ranches is, without a doubt, an investor in Dubai’s most popular villa complex. This Property is a desert-themed development that covers 1650 acres of land. It is close to the Burj Khalifa and the Dubai Polo and Equestrian Club. It has a luxury golf course and serene surroundings. Due to the lifespan of off-plan projects and high demand in the secondary market.

1. Jumeirah village circle(JVC)

The Jumeirah Village Circle is a small, gated community in Dubai’s downtown area. This Property includes approximately 2000 luxury villas and private townhouses in a beautiful village setting with the newest facilities. It also has apartments for sale in the Jumeirah village triangle. It features two international schools, a community center, clubs, and medical services, making it a perfect location for families. Jumeirah Village Circle is conveniently located near the major arterial routes, as well as Dubai Marina and Jebel Ali. When you consider the competitive pricing of the houses, it’s no surprise that real estate investors are becoming more interested in this area. The rental yields on these properties are likewise highly trustworthy.

1. Dubailand 

Dubailand offers world-class entertainment, sports, recreational, and residential communities such as Dubai Lifestyle City, The City of Arabia, and Mudon. While tourism is driving Dubai’s expansion, residential constructions respond to the needs of property owners stylishly. As a result, apartments and villas in Dubailand are well-known among real estate investors. With Expo 2020 just around the corner, this location is also generating a lot of buzz.

CONCLUSION

To get the best results, collaborate with Dubai real estate specialists. They are knowledgeable about the Dubai real estate market, its trends, and prospective projects. Homeownership in Dubai may be a rewarding experience if you choose the right agent and the correct property.