𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗕𝘂𝘆𝗶𝗻𝗴 𝗮 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗶𝗻 𝗗𝘂𝗯𝗮𝗶
Updated: Aug 27, 2022
Dubai is undoubtedly the fastest growing city in the world. Complete with idyllic spots for quiet reflection, scenic water views and the famous skyscrapers. From creating artificial islands in palm tree shape, from building one of the world’s tallest tower in the world, the Burj Khalifa, Dubai just never fails to intrigue and impress anyone.
Before anything else. it is better for you to understand why Dubai is one of the most exciting market for real estate!
Great weather - Dubai's weather is warm all year round with two distinct summer and winter seasons. The lowest average temperatures are around 20⁰C in January, while the summer months (between June and August) have averages of around 30⁰C.
Enjoy a sun-kissed lifestyle all year-round. The summer heat is scorching but for the remaining six months, temperatures are perfect.
Tax-free income. How many countries in the world can you say that everything you earn is yours to spend? Dubai is an island with literally no production of its own. Apart from oil, everything else in Dubai has been imported. Most of these imports are also exempt from taxation.
Strategic location. Dubai is less than 5-6 hours of flying time from majority of the world’s destinations.
High standard of living.
World-class infrastructure. Dubai boasts a world-class infrastructure, well-maintained roads, excellent public transport and connectivity. But great infrastructure is just one reason why Dubai is a global trade centre. The government has introduced free zones that serve as hubs for businesses in areas such as Jebel Ali and Media City to attract foreign entrepreneurs.
Safety. The UAE has a strict policy of deportation of criminals, making it a very safe city. Dubai has stricter law, which means that crime is kept to a minimum, and many tourists feel much safer in Dubai than they do in other parts of the globe.
Competitive prices and rental yields. Dubai property rental yields are significantly higher than those offered in popular cities such as London and New York. Choose the right agent, pick the right Dubai property and home ownership can be a very rewarding experience. Recent data also lists Dubai as the most ‘affordable’ city to purchase a home compared with other major international hubs such as London, New York, Hong Kong, Paris and Singapore.
Stable and mature Dubai property market. Dubai property prices have stabilized and the market has matured, making this a great time for investing in property.
Regulated Market. Dubai is the most transparent real estate market in the MENA region. The government acknowledges the role that improving transparency plays in increasing levels of foreign investment. Its new Open Data Law looks to promote the sharing of non-confidential data between government and non-government entities. The Real Estate Regulatory Agency has implemented several new measures to make the Dubai property market regulated and on par with international destinations.
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