Dubai is a vibrant city and pretty powerful. Dubai’s world-class infrastructure has already established it as a major player in terms of trade, tourism and has attracted major foreign investors in the world. Villas in Dubai have been an all-time favourite investment along with Apartments in Dubai. With the recent changes and developments in the real estate market, investing in a secure market remains top priority. Dubai is a haven for real-estate investors especially since the realty sector in Dubai is back in the limelight beating the Covid induced uncertainties and it is showing strong signs of sustained growth if one is to go by the statistics released by the Dubai Land Department (DLD). Why invest in Dubai? Dubai has a wide range of property types to choose from with each one being unique in its offering to its investors. Villas in Dubai have been attracting investors for various reasons. Investing in real estate in Dubai is a great way to generate income however every investment has its own risks and a lot of factors should be considered before taking these steps. To ensure that you yield the highest returns from your investments, many factors should be considered. • Highly favourable tax conditions for investors The fact that investors don’t have to deal with property taxes and stamp duties, that are applicable in other global real estate markets, makes Dubai a great destination for real estate investment. • Demographic situation Dubai’s population has grown to 2.9 million from a mere 59,000 in 1968. This increase makes Dubai one of the fastest growing cities in the world, with an average growth of 10.7% per year. This ensures the demand for real-estate. • Property prices are lower than prices in many other cities globally making it a favourable destination for real estate investment. • High-rental yields Properties in Dubai provide an average yield of 7%. Compare that to New York (2.9%), London (2.7), Singapore (2.5%) or Hong Kong (2.4%). Dubai is a clear winner. • Dubai is a continuously developing city with great innovations making their way to the city making it a very unique place to be in. • Subject to certain conditions, investors may obtain certain types of visas in Dubai. Some of them are 10 years residency visas or 6 months multiple entry visas. Dubai has proven itself to be a city with planning ahead of its time and this shows in the progress it has in the past few years. Real Estate in Dubai is a volatile market however, the high rental yields in Dubai and the rapid development of the city will always keep the interest of investors and home buyers.
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