Investing is a great way to make more money over time. In Dubai, real estate has always been a profitable option, despite changes in the market. You can find all kinds of properties there, from luxurious villas to cozy lofts, with amazing architecture that attracts people from all over the world.
Investing in Dubai properties offers many benefits, like increasing rental yields of 5% to 9% each year. Compared to other places in the UAE, Dubai is affordable yet classy and beautiful. Property prices per square foot in Dubai are lower than in other countries. Also, when you buy a property in Dubai, you don’t have to pay stamp duty or property taxes, making it a great deal for buyers worldwide.
Benefits of Buying Property in Dubai
Since its thriving, Dubai has always been a favorite place for real estate investors. Find below the top benefits of buying property in Dubai to help those who are ready to invest in Dubai properties.
From 2008 – 2018 there is 86% growth in Dubai’s population and it is still increasing rapidly. As a business hub, there is always some development and invention going on all the time. Dubai is graded as the safest city in the region. So the sense of safety the residents enjoy is priceless.
You can become a resident of Dubai by investing at least AED 1 million through a UAE property visa. It may surprise you, but the attainment of property in Dubai is very low relate to other capital cities of top countries. Likewise, Rental yield in Dubai are much higher than to top real estate cities in the world. There is no property tax in Dubai at all. Up to 100% capital appreciation against your Dubai property investment in 10 years.
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Best Areas to Buy Property in Dubai
Here is the list of top 10 best areas to buy property in Dubai that can be your best property investment in Dubai.
01- Dubai Marina
02- Downtown Dubai
03- Palm Jumeirah
04- City Walk Dubai
05- Al-Qudra Road Dubai
06- Business Bay
07- Emaar Arabian Ranches Dubai
08- The Springs Dubai
09- Jumeirah Lake Tower
10- Jumeirah Village Circle
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