Top 3 Reasons You Should Consider Investing in Dubai!admin
Dubai Property Investment
Investing more than Rs. 16,800 crore in various real estate projects across Dubai in 2018, Indians are becoming the leading foreign investors in Dubai’s real estate market. This is based on data collected by the Department of Real Estate Studies & Research, Dubai Land Department (DLD), showing Indians as the primary investors, expecting high returns. And the strong trade ties between India and the UAE are the main reasons these avenues have opened up.
According to DLD, Dubai has become the highest preference among foreign property investors in recent years. Indian investors, alone, have investments accounting for over $3.2 billion or Rs. 22,584 crore in 2017, ranking them highest among the investors.
But, why is Dubai’s real estate so attractive to Indian foreign investors?
- It Yields Huge Returns
As one of the fastest-growing economies, UAE’s business-friendly regulations draw in investors with ease. Assured capital gains and high rental yields are the main reasons Dubai’s real estate market is such a favourable environment for Indian investors.
Along with this, easy property registration, transparent dealings with strict laws, and tax-free returns on rental incomes play a huge role in attracting potential investors. Besides, since profits in the form of rents and re-sales are quite high, investments in second homes or buyers converting old money to new money are also very appealing options.
- It Is Very Affordable
With real estate prices skyrocketing in India, it is no wonder investors would turn to Dubai. Since Dubai has no incentivised benefits for investments, Indians prefer exploring their options in Dubai. You can see this clearly in the following example.
Buying a property in a major Indian city like Mumbai could cost you anywhere from Rs. 40,000-50,000 per square foot (psf). A similar property in the heart of Dubai city would only cost about Rs. 25,000 psf (Dh 1,480).
- It Has Multiple Emerging Hotspots
The sheer variety of options someone has when investing in Dubai’s realty is massive. Take your pick from luxury properties such as villas, beach properties, furnished homes, or affordable houses i.e. compact 1BHK apartments. With all these localities, buyers are truly spoiled for choice and Dubai’s realty market booms. In fact, according to the DLD, Business Bay emerges at the top with 1,934 transactions worth almost Dh 4.2 billion. Foreign nationals can, therefore, purchase freehold properties with ease in all these localities.
Buyers looking to park their money have a multitude of locations to choose from. Dubai Marina, Al Barsha South Fourth, Al Warsan 1, Al Hebiah Fourth, Jebel Ali First, Burj Khalifa, Al Thanayah 5, and Al Yelayiss 2 are the locations where money can be safely parked. Jumeirah Village Circle, Al Sufouh, and Dubai Land are places where those looking for affordable properties can invest in.
Dubai-based developers like Nakheel, Geminit, Sobha Realty, and Falconcity of Wonders accelerate this growth by organising shows and seminars in India, as promotion for their projects. In addition to this, the use of online portals presents buyers with the most options at their fingertips.
Proximity to India also plays a huge role in making Dubai a sought-after city for investment. Combining this with the expert consultants at Golden Bricks gives you the best investment options. We help you make sound investment decisions ensuring you get the best, most lucrative deals. Our years of experience means we know the ins and outs of investing in Dubai, making us your most reliable choice. With our assistance, you get the highest returns by making the best foreign investment plans possible.