5 Key Reasons to Invest in the Real Estate Sector in Dubai

by Harshita Agrawal Property Developer Dubai is one of the most important cites of the United Arab Emirates (UAE) and a major commercial and business hub of Asia. It is a global city with highly developed infrastructure and a flourishing economy. In recent years, there has been a major growth in the demand for real estate in Dubai. In part, the rise in demand is caused by the fact that Dubai attracts all kinds of visitors from around the world – businessmen, investors, students, jobseekers, workers, holidaymakers as well as luxury-seekers. These people flock to Dubai every year because of the many opportunities and facilities that the city has to offer. Thanks to its business-friendly government and freedom from the demands of taxation, Dubai is one of the most popular investment destinations in the world.

Reasons to invest in the real-estate sector in Dubai

•  When compared to other global metropolitan cities in developed nations, real estate in Dubai is quite affordable. According to a recent survey, a spacious 2 BHK flat located in the heart of Dubai, offering premium facilities such as parks, clubhouses, and nearby retail joints, costs less than a similar property in most first-world countries.

•  The economy of Dubai is extremely resilient, making it a safe destination for investment. Even when, in 2008, the global economy floundered and multiple countries caught fiscal flu, Dubai continued to hold steady and retained its place as one of the most promising economies of Asia. Similarly, when the fall in oil prices cast most Middle Eastern countries into economic turmoil, Dubai was relatively unaffected, as it is one of the only West Asian cities that does not derive a significant portion of its revenue from oil exports.

•  The real estate market in Dubai is further boosted by the government’s dedicated efforts to attract foreign investment to the city. It has implemented several laws to attract foreigners to Dubai. The city’s simple and uncomplicated foreign ownership laws, combined with the attractive tax-free environment, have given rise to an ever-growing demand for residential and commercial properties in Dubai.

•  Unlike other parts of the Middle East and some parts of Asia, the political environment in Dubai is stable and predictable. This stability of the government and regime faces no immediate threats in the UAE. As a result, the business environment in Dubai is safe, welcoming, predictable, and lucrative. These factors have helped make Dubai one of the fastest growing global cities in the continent of Asia.

•  The best real estate companies in Dubai offer investors an attractive combination of world-class properties with premium amenities and lucrative investment incentives, in order to drive growth. Some of the amenities available in the best real estate projects in Dubai include prime location, beautifully landscaped spacious gardens, the best schools, and nurseries within the premises of the residential community, in-house restaurants and cafés, fitness clubs, spas, retail joints, etc.

These are some of the factors responsible for the popularity of Dubai as a destination for real estate investment. The promise of high rental returns and capital appreciation also draw investors from around the world to the city on a regular basis. To buy a world-class apartment or villa in Dubai, one should contact some of the most reputed real-estate developers in the city.

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Created on Feb 14th 2018 05:32. Viewed 634 times.

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