If you are a real estate investor with money to spend, you are probably wondering if Dubai is a good place for this type of investment. According to the foreigners who choose to buy or rent property in one of the most rapidly developing cities in the world, you would have very little to lose in doing so.
As it is the case with every investment in real estate, acquiring property in Dubai comes with a series of considerations. Here are a few of the factors that can impact your financial endeavor:
Dubai is a common presence in annual estimates that regard the safest cities to live in the world. Living or just doing business in the UAE is extremely safe because of the strict set of regulations and the efficiency of state laws and authorities in the country. Investing in off plan projects in Dubai is covered by a definite legal framework that offers you protection and a minimal risk of liability.
Dubai may have developed from a small settlement, but today it boasts one of the most efficient networks of transportation and facilities in the world. Living here gives you access to state of the art amenities and services that include freeways, hospitals, universities, and entertainment centers.
If you choose to invest in the Dubai real estate market you do not have to pay taxes on your property. This attractive exemption from taxes enables you to engage in profitable business and get a rapid return on your investment. Whether you choose to own an apartment in the Madinat Jumeirah Living Dubi Holding luxurious neighborhood or any other area in Dubai, you will not have to account financially for it with an annual fee.
Although you benefit from one of the highest standards of living in the world, properties in Dubai are less expensive than in other popular cities in the world. Buying a house in New York, London or Tokyo will cost you a lot more than investing in a Dubai apartment with a fantastic view over the Arabian Gulf.
5: Rental yields
If you want to invest in the Dubai real estate market without living there, you should be looking at rental properties, which offer remarkable rental yields. Buying and then leasing out an apartment in Madinat Jumeirah Living or Bluewaters Residences apartments should provide you with a rental yield ranging between 5% and 10%.