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The tax-free environment of Dubai has made a large number of people invest in real estate property in the city. While the absence of property tax is one of the greatest reasons behind Dubai attracting global investors in large numbers, many other factors have contributed significantly towards the real estate boom Dubai has witnessed in the last few years.
When you reach out to a real estate company in Dubai, they will give you several good reasons as to why you should purchase a property in Dubai. While you could get the impression that the real estate agent is trying their best to get some business out of you, the truth is that Dubai is one of the best destinations in the world to invest in real estate property.
Even if you have a limited budget at your disposal, you will get a lot of options to choose from. By investing a small amount of money in a property in Dubai, you can get excellent returns over some time. With the government introducing new policies, one expects the real estate sector in Dubai to grow at an exponential rate in the coming years.
Here are some of the key reasons why Dubai is a hotspot for real estate investment:
Growing Economy
Unlike many other countries, Dubai has not witnessed any slump or instability in its economy in recent years. Because of this, investors feel quite confident while buying a property in Dubai. The fast-growing economy of Dubai has attracted a large number of residents, businessmen, entrepreneurs, visitors, and multinational giants from different parts of the world to invest in its real estate.
The growth in the number of businesses in Dubai has increased the demand for real estate in the city. While the demand for commercial properties has always been high, one has witnessed a sharp rise in the demand for residential properties in the last few years. The growth in the economy has also ensured that property prices remain stabilized.
Multiple Streams
Many properties in Dubai are owned by those who do not even live in the city. Individuals based in different parts of the world invest in properties and reap rich dividends from them over a while. Investors from countries as diverse as India and the UK purchase properties in Dubai and recover their money in different ways.
When you buy a property in Dubai, you can be sure about getting good returns from it. Since Dubai has a thriving economy, one can be sure about property rates remaining stable or increasing steadily with time. If you buy an apartment in Dubai and sell it off after a few years, you can be sure about making a good profit on it. Even if you put it on rent, you can expect solid returns.
Good Options
Whether you are planning to buy an already constructed house or an off plan property in Dubai, you can be sure about getting a variety of options to choose from. Once you reach out to a real estate company in Dubai and tell them about your requirements, they will show you a list of properties and also offer you good guidance so that you can make a choice that works for you.
People looking for residential properties to invest in get as many options to choose from as those wanting to put their money into acquiring commercial properties. To ensure that you do not get confused, you should be sure about the kind of property you want and the amount of money you are willing to spend at the moment.
Tax-Free Policy
One of the biggest reasons behind Dubai emerging as one of the most preferred destinations to invest in real estate property is the tax-free environment it provides investors with. While or after buying a property in Dubai, you will not have to pay capital gains taxes, property taxes, and income taxes.
When you are not paying any property tax, you can look forward to getting a higher yield on your investments. Real estate investors make a huge amount of profit by buying and managing properties in Dubai. Dubai has a Double Taxation Avoidance Agreement or DTAA with many countries. Because of this, investors are not charged double taxation on the income generated by them.
Thriving Hospitality
Tourists and visitors contribute greatly to the economy of Dubai. Every year, Dubai witnesses a gradual increase in the number of people visiting it. The hospitality industry in Dubai always remains on the upswing. The growth of the tourism and hospitality industry in Dubai has positively affected the real estate sector.
If somebody buys an off plan property in Dubai and develops it into a hotel or service apartment, they can generate solid returns from it in very little time. A large number of global investors have earned well by investing in and managing serviced vacation properties in Dubai. Even if you are planning to buy a property and start a restaurant, you can be quite certain that it will turn out to be a success.
Strong Security
When an individual contemplates buying a property in a country they are not a resident of, they feel concerned about safety issues. In many countries and regions, there have been instances of properties being illegally acquired or damaged by anti-social elements. When you invest in a property in Dubai, you can be sure that no such thing will happen.
The crime rate in Dubai is very low and that makes global investors feel very assured about investing in real estate in the city. While the political scenario in Dubai remains stable, the legal framework, too, is quite robust. Because of these factors, investors feel their property is in safe hands even when they are not around to supervise it.
Company Bio – Falcon Premier Real Estate
Buying a property or getting one on rent in Dubai and UAE has become extremely convenient owing to the presence of real estate agencies like Falcon Premier Real Estate. The company specializes in luxury properties and is known for guiding its clients towards properties that cater to their needs, sensibilities and preferences.
