Is Dubai A Good Place For Real Estate Investment?
All the points listed below indicate only one possible answer to this question, and the answer is a big YES!
UAE’s world is amazing. Yearly sunshine, desert safaris, stunning beaches, enormous shopping malls and a swarm of breath taking infrastructures including Burj Khalifa, etc., with these, UAE never fails to fascinate tourists when they long for a memorable vacation. Here is to why you should be saying YES to investment in Dubai real estate!
✦ Excellent returns on investment in real estate
In UAE cosmopolitan market, there is a great opportunity for real estate investment. In Dubai the market prices are still relatively low as compared to other global cities. Dubai is considered as the New York of Middle east. It is because it offers its citizens high-end leisure amenities and business opportunities with outstanding location and cost.
You can easily buy a huge property in Dubai with a million dollar, but with the same money that is not possible in cities like London, New York, etc. With the increasing number of tourists every year and demand for residential and rental properties, investment in Dubai real estate is definitely to go for!
✦ Free zone area for foreigners and expats
You don’t need to be a citizen of UAE or need a residency visa to invest in Dubai free zone area. It was in the year 1999, that expats were allowed to buy property in Dubai. Since then there is no change in that policy of Government. In short, you can invest in Dubai real estate even without having any permit.
Since 1999, many foreign investors have taken advantage of this expats/foreigners friendly policy. Majority of the foreigners have invested in residential and commercial properties. They have also leased the property out. This enables them to get good investment returns and also gets to enjoy the luxury lifestyle of Dubai whenever they come to collect their rental revenue. So if you are a foreigner, what are you waiting for?
✦ Rising tourism, thus strong economy
Dubai is going to host Expo 2020 this October. To cash in the revenue expected from visitors, many businessmen, job seekers and enormous businesses are rushing towards Dubai. Dubai is expecting to host 20 million tourists in this Expo 2020. This number of visitors is way greater than the current number that is 8 million now. According to WTTC, tourism sector alone adds a lot of GDP in UAE economy. A rise in employment opportunities is expected by the end of 2024. Around 369,000 jobs will be available to job seekers by the end of 2024.
✦ 100% tax-free salary
Do you want your full salary to come to you without any pay cut? If yes, then investment in Dubai real estate is calling out for you!
✦ Housing demand
Do you want to multiply your fortunes in future? Then make investment in Dubai real estate now! Since the city is expecting a huge amount of visitors in future, this is a great opportunity for investors, willing to multiply their investments.
As a real estate expert, Aeon and Trisl believes that the ups and downs of real estate business are related directly or indirectly with tourism sector. Therefore buying luxury apartments, commercial or residential spaces, affordable apartments, villas, etc., close to famous recreational parks or developments would be a safe and great investment, as properties in such places in Dubai are always in demand. Browse our website to own such properties.
So if you are considering investing in Dubai real estate, don’t wait further. Do it now! Because this is the perfect time to invest in Dubai properties. Contact Aeon and Trisl for further information.