There are numerous benefits to owning a property in Dubai compared to other cities across the world. With its cosmopolitan feel, growing list of ‘world firsts’ and a strong real estate market, investing in Dubai is favoured among the rich and famous.
We look at the top five benefits of owning a property in our glorious city of Dubai.
1) You get more for your money
Although property prices are not cheap, compared to other major cities like Singapore, London or New York, the quality you get for your money in Dubai is unprecedented. All properties are finished to a five star standard, in communities boasting unbelievable facilities and amenities. Where else could you buy an apartment overlooking the world’s tallest tower or with views across something as iconic as Palm Jumeirah? In most cities, these kinds of properties would be out of your price range, but in Dubai, luxury is the norm.
2) Growing economy
The economy of Dubai is constantly growing as the city develops and improves further. The fact that within only 44 years the city has risen from the sand to become one of the most innovative hubs in the world is a real marvel, and something that paves the way for a bright future.
3) High rental prices
Rental prices in Dubai are a high and constant stream of income for investors. The majority of the expat community in Dubai do rent, so the demand is always there, and with companies often paying property allowances to employees, the high rents are affordable.
Dubai is unique in the fact that for such a busy city, security and safety are hardly an issue. The amount of break-ins in the city is so low that when one does occur it makes headline news! For homeowners this is great news, as they can invest in a property and walk away from it for years at a time without having to worry about its security.
5) No property tax
As well as its innovative approach and iconic buildings, one other aspect that draws investors to Dubai is the fact there is no property tax. Once you purchase a property and pay the registration fee to the Dubai Land Department, that is it, there are no other taxes or fees due to the government. This is great news for investors as their ROI will be higher than when buying property in other cities.
So, if these top five benefits of investing in property in Dubai have convinced you to take a further look, contact one of our expert agents today on +971 55 883 9600 to go through your investment options.