Known for the world’s tallest buildings, record stats, and ever-present luxury, Dubai is one of the most attractive places to buy real estate. Set for tremendous economic growth, Dubai will thrive in the coming years by attracting global talent, more FDI investment and even more impressive projects. Here are the top reasons why Dubai is a great opportunity to invest in real estate.
Dubai has no property or capital gains taxes, so the Emirate is a great place to invest. After purchasing the property, the owner will not pay any additional taxes in the future and will only pay a one-time real estate transaction fee.
Dubai has the fifth highest economic output in the world. The government is committed to making the Emirate globally competitive by constantly introducing new measures to improve the business environment and promote long-term growth. Individuals investing in Dubai real estate enjoy flexible payment plans tailored to their financial situation, with interest rates of 4.5% for residents and 5.5% for non-residents. With unlimited remittance restrictions and a very stable currency fixed to the dollar, Dubai offers unmatched financial security. Investors prefer Dubai because it is rapidly becoming a solid investment opportunity, easy to leave, and often guaranteed a 10-year visa. Emirate population growth will ultimately increase demand for new homes. Each year, Dubai grows as the market matures into a prestigious project by a well-known established developer.
Dubai’s real estate sector is preparing for a smart recovery from early 2021 against the backdrop of unwavering investor confidence in Dubai and its promising infrastructure development. The government firmly believes that Dubai‘s impressive infrastructure is one of Dubai’s greatest strengths. Given the regular increase in development, there is one of the most important factors in understanding why we need to invest in Dubai’s real estate sector in 2021. Dubai is one of the ever-developing cities with very good infrastructure and a high standard of living. Dubai is home to one of the tallest, tallest and most fashionable buildings in the world, including Burj Khalifa and the most fascinating artificial islands. Just before the pandemic caused by Covid-19 led to a blockade, Dubai International Airport claims to be one of the busiest airports in the world in terms of international passenger transport. When it comes to seaports, Jabel Ali Port is the largest man-made port in the world. These reasons are sufficient to understand why a knowledgeable investor should invest in Dubai.
Dubai recently became the top “hybrid” city for real estate investment in a JLL report entitled “Cities of the World: Mapping the Road to Success”. According to the report, “hybrid” cities are best embodied by Dubai. These cities are medium-sized and tend to compete in specialized markets while benefiting from access to large domestic markets. Dubai’s location on the map and its decisive luxury status show Dubai’s durability and leadership in real estate around the world. Dubai is ranked among the “Boomtowns” and “New World Cities” of the world as a city with a better quality of life compared to candidates in other countries and regions. Dubai’s buy-to-let investors can still enjoy higher rental yields compared to other mature real estate markets, despite the apparent slowdown in the market. For many, Dubai’s real estate market is in a “correction” process, resulting in a more stable and reliable supply of quality homes.
According to Dubai’s Tourism and Commerce Marketing Department (Dubai Tourism), Dubai welcomed 16.73 million international guests in 2019. By 2020, Dubai expects more than 20 million visitors and has a financial plan to spend US $ 56 billion by 2022. Covid-19 influenced everyone’s plans and disrupted the tourism industry everywhere. Dubai welcomed guests from abroad on New Year’s Eve 2021, but the situation was not very good and the number of cases of corona surged. Did you know that 7/10 of the tallest hotels in the world are in Dubai? Dubai is a global destination that attracts the wealthy for a unique experience. Dubai is a foodie’s hideaway that offers vibrant, high-life food and taste-stimulating food.
Dubai is the true axis of international trade and the gateway to the Middle East, the Indian subcontinent and Central Asia. Home to one-third of Fortune’s top 500 companies, Dubai attracts business talent from around the world. Dubai is also on the list of Global Power Index 2020 (GPCI) for the top 20 cities in the world. The
Emirate is naturally gaining momentum, providing a good legal framework for business growth and free enterprises. Business leaders see Dubai as an undeveloped territory with tremendous growth imminent.
Unmatched Real Estate Projects in Dubai With a record sale in Dubai’s real estate sector in January 2021, Dubai’s real estate sector is ready to recover smartly. Copperstones has an exclusive list of premium properties in various developments in Dubai. Potential investors who want to get the most out of Dubai’s high life will benefit from a list of carefully selected properties in Dubai’s excellent real estate development. Here are some important developments in Dubai.
Dubai is home to some of the world’s largest shopping centers with the latest trends to attract shoppers from all over the world. As the world’s top international shopping destination, Dubai stole the show in CBRE’s 2018 Retail Globality report.
The Emirate, which currently houses the Dubai Mall, the world’s largest shopping mall, is expected to grow by more than 1.5 million square meters. Of the new retail space. Dubai has also been strong for new entrants, welcoming 57 new retail brands last year, more than half of which were European brand names, primarily in the coffee and restaurant category.
Dubai Chamber of Commerce President and CEO Hamad Buamim is a key growth driver for rapid expansion, tourist growth, expectations for the 2020 World’s Fair and the rise of e-commerce. I have identified