Dubai is a dream destination for investors from around the world. The city offers benefits galore, and these advantages continue to invite investors from around the world. If you buy a property in Dubai, you can literally sense the astounding growth and development walking hand in hand.
Are you, too, nurturing a dream of buying a property in Dubai? Here is your opportunity to do it. But the naysayers might ask why Dubai? Why not London, Paris, New York, and Shanghai?
We do not intend to undermine the cities, as they are great in their own realm (it’s just for the sake of the rhyme). By the way…if you are in awe of the poetic and synchronizing beauty of the city…here we provide you with some points on why you should consider Dubai for buying property.
The Advantages Of Buying A Property In Dubai
Almost all the sectors directly representing the growth and development of a place are going strong in the city. Whether technology, sports, business, tourism, or real estate, Dubai is writing a new history. So if you have a plan of investment there, do contact professionals experts in wills and estates in Dubai. But at the same time, you must know the reason, benefits, and advantages of buying a property in Dubai.
1. Tax-Free Investments
Dubai is unquestionably heaven for investors who want to invest in real estate. The authorities in Dubai will not force you to dive into the whirlwind of tax burdens like capital gain tax, income tax, property tax, value-added tax, etc. This ecosystem motivates investors across the world and draws them to Dubai.
2. Consistent Growth In The Population
The biggest benefit of buying a property in Dubai is the consistent growth in population. It is an indicator that the place is booming with opportunities in business.
As per the data of World Population Review, the population in Dubai is increasing at a blistering pace of 10.7% every year. So, an increase in population unleashes new opportunities for growth and development.
3. High-Quality Infrastructure
Dubai is now the breeding ground of consistent R&D in real estate. The biggest example is the Burj Khalifa. With the assistance of great brains, they become a hub for high-quality infrastructure. It is indeed becoming a smart and incredible city with time.
4. Safe And Quality Lifestyle
Dubai ranks itself as one of the safest cities in the world. The reason behind this development is the consistent effort towards social order and reduced crime rates. With a high-quality lifestyle, Dubai is immensely becoming popular among city dwellers and tourists.
5. Low Acquisition Cost
Dubai’s growth and development are directly related to the strategies the authorities have successfully implemented. One of them is the low acquisition cost.
Let us give you an example to justify the point. Where the cost of acquiring property in Dubai is USD 468 (per square foot), the price in London for the same area is around USD 3208. You must select a place with the best infrastructure and a low cost.
6. High Rental Returns
You will be amazed to know that the rental returns in Dubai are much higher compared to the best cities in the world at this point in time. It denotes if you offer your property for rent, you will get the highest returns on the rent. Les makes a comparison in numbers.
The average rental return in Dubai is $29100. If you compare it to New York, it’s $195550, and in London, the value is around $16050. Even Singapore and Hong Kong, the other two close competitors of Dubai, need to catch up!
7. Ministry Of Happiness
The ultimate aim of buying a property or building a house is peace of mind, a good lifestyle, and, yes…happiness. Your house must be in a place that is free from the clutches of civic crimes and has a free lifestyle and other amenities.
These amenities make your house and surroundings an abode of blithe spirit and perpetual bliss. They indeed inspire you to cultivate creative ideas.
Dubai is indeed the Burj Khalifa (high point) of civic development, high-quality lifestyle, and sustainable development in business. It is coupled with great facilities which make it safe, secure and modern. This is why people from across the world flock to the city to enjoy the best that the city has to offer. Therefore, if you plan to buy a property in Dubai, you have many reasons to do it.