Dubai – the hottest real estate investment destinationadmin
Real Estate Investment in Dubai
Dubai can be called the Middle East’s equivalent of Hong Kong and is less inclined towards oil production, unlike its many neighboring countries. Dubai has been the most attractive region for real estate investors in the past decade, and it saw immense growth in these few years. This article tells you about the health of the Dubai market. So that you don’t face any problems and confusion before investing in any Dubai property.
THIS IS WHY YOU WOULD LIKE TO INVEST
- World Expo
The next World Expo in October 2020 will be hosted by Dubai which is likely to attract an enormous number of visitors from 196 nations. Say, it will have approximately 25 million visitors, then it will be a perfect time to create, innovate and collaborate. The off plan property sector has been boosted by the announcement of Expo 2020 being held. And obviously, whoever invests in buying property near the Expo, will receive a high return on investment. The rents are supposed to be increased as the rental demand will be high.
This is very much clear to everybody that Dubai’s tourism industry is flourishing. With the growth in the number of visitors, Dubai is probably going to become the world’s most visited city beating Paris. The director general of Dubai Tourism, Helal Saeed Almarri, said that they have expanded partnerships to make sure that Dubai remains on the front minds of both the first-time and repeat visitors.
The number of four-star properties in Dubai has increased along with the increasing demands of mid-market hotels.The real estate market in Dubai can be said as one of the best regulated in the GCC with the government adopting measured such that rental cap, rental increase calculator, escrow regulation, and a rental dispute settlement center.
- 10-year residence visas
The announcement of the 10-year residence visas for certain skilled professionals and the investors into Dubai was a complete game changer for the high success of Dubai’s economy. The idea of the 10-year visa is proof of Dubai’s confidence in its investors and assures the safety of investment done in the city.
This visa can be extended with a business partner, the condition being that the partner too has to contribute AED 10 million. Also, this long-term visa includes the children and spouse, along with an advisor and an executive director hence making it more convenient for the investor.
Dubai being ranked as the 279th place out of 288 cities in terms of crime, is one of the safest places where you can walk around without worries. The 288th place is taken by the capital city, Abu Dhabi, according to the World Economic Forum (WEF). UAE ranks as the second safest country in the whole world and as the safest country in the Middle East. Dubai counts up in one of the seven Emirates that combine to make up the UAE. It is quickly emerging as a great city for business and tourism.
- Great market for real-estate
In not more than just a few decades, Dubai has already established its reputation in the real estate market. Dubai guarantees the highest returns on property investment as compared to other places including New York City, London, and Hong Kong. Dubai has some of the best real estate projects which the investors can choose from. Due to the presence of amazing cosmopolitan projects and residential communities, Emirates is one of the best places for property investors.
So in case you are thinking about the success of the projects UAE leaders have in store, these are the reasons why you should invest in Dubai’s property right now.
Get going and invest in Dubai’s property.