Dubai’s booming real estate market is the most attractive investment opportunity for investors from across the globe. UAE is home to several globally recognized iconic landmarks such as Burj Khalifa, Jumeirah Mosque, Emirates Towers, Palm Jumeirah island etc. and enjoys immense popularity among different nationals to establish their careers and lives here. Below are some of the major factors that contribute to Dubai’s success as the most lucrative investment hub in real estate.
What makes Dubai’s real estate sector most profitable is its steady upward trajectory that has been evident for years. According to the latest figures published on khaleej times, 30.91 per cent year-on-year growth in residential prices to Dh72 billion during the first two months of 2024. The market has continued these gains for years, During COVID-19, the market suffered a blow due to the global pandemic however, it regained its stability and is delivering encouraging trends. According to the experts, the current trends are likely to grow in upcoming years promising a very profitable investment opportunity to the investors.
Dubai offers lucrative incentives for investors which include no taxes like personal income tax, capital gains tax, and property. This is in direct contrast to other major Global cities where taxes are the main reason why investors hesitate to invest in real estate markets. In Dubai, you don’t have to bear the recurring costs on the property once you have purchased it. The investor is the sole owner of all the rewards and gains he/she earns from the property.
In Dubai, there are no restrictions on foreigners to buy property. The futuristic government of the UAE encourages investors and has designated a vast list of free-hold areas where foreigners can buy property. This list includes server-expensive, high-end, affordable, properties that are fit for anyone’s needs. Palm Jumeirah, Business Bay, Arabian Ranches, Downtown Dubai, JBR, Dubai Village Circle, Dubai Marina, etc. are some of the most popular areas for investors in the long list of freehold areas.
The city of Dubai is incredibly diverse in every sense. You can find different styles of properties such as villas, mansions, townhouses, apartments, penthouses, and semi-detached villas in nearly every landscape. When it comes to the landscape, Dubai has residential societies developed in different settings which include white sandy beaches, beachfront apartments, properties surrounded by lagoons and lakes, golf parks, green spaces, hills and much more. So, whether you want to buy a property in the heart of the city or away from the bustle, the options are limitless.
Are you looking to invest in Dubai’s real estate? Feel free to reach out to us at Exclusive Vision Real Estate.