The real estate sector is an investment venture that has had its ups and downs, particularly in Dubai, but in recent years it has proven to be stable. Are you interested in real estate investment in Dubai?
Well, buying a property can cut rent in half, provide double-digit rental returns, and deliver massive capital growth. The advantages of investment in Dubai are different depending on whether you are buying it to live in or as an investment asset.
Investment in Dubai by buying your own home makes your situation a little less flexible than if you were renting. It can be more difficult to upgrade, downgrade or move the location. Although selling and buying property in Dubai is a very quick process.
Real Estate Investment In Dubai | The Excellent Opportunity
When going for real estate investment in Dubai, you have the holy grail of all income: passive income. An important advantage of real estate as an asset is that banks lend money against it (assuming security in it), even to the average person.
Banks offers loan to buy an investment in Dubai that allows you to buy larger asset than usual and therefore get better returns. In addition, rent returns, when used wisely, can provide double-digit cash returns, far better than anything you can get from a bank and far better than most other asset classes.
If you have money and are looking for investment in Dubai, putting it into real estate is great. It is reported that the global real estate sector has increased about 3.3% a year on average since 2000.
Let’s learn more about the benefits of buying property in Dubai.
Advantages of Real Estate Investment in Dubai
Along with the architectural wonder and prime location, there are several factors why people decide whether or not to buy a property in Dubai. If you plan to go for investment in Dubai, real estate is the best option. Let’s learn its benefits.
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#1. Stable economy
If you are buying property in a specific country, it means you are investing in that country’s economy. It is always better to consider the economic growth of this region and see if the growth graph is decreasing or increasing before investing your money.
Dubai’s economy is one of the most overlooked factors when making a real estate investment in Dubai. According to a report, the UAE has experienced several economic hurdles in recent decades and remained stable and robust ever since.
Abu Dhabi may have taken the brunt of the oil crisis, but Dubai has emerged as a strong economic player across the MENA region. The fact that Dubai is one of the fastest growing economies in the world adds to the main reasons why you should consider buying property in Dubai.
#2. Innovation and constant technological advancement
In the past few years, Dubai has transformed into one of the smartest, most modern and iconic cities in the world.
Dubai is now synonymous with luxury. People travel to Dubai for luxury vacations, want to work in Dubai, and live an exciting life. You are investing in your future when you go for investment in Dubai.
Living in a modern and smart city translates into greater convenience. That’s what Dubai wants its residents to experience. In addition, with an improved public transport system, advanced facilities and exciting entertainment destinations, more and more people are finding the emirate to be the perfect place to own property.
Dubai has smart transport networks making travelling a convenient task. Enjoy the night away with ever-developing leisure destinations in the city, year after year. The government of Dubai has been actively involved in developing innovative ideas and smart solutions.
#3. Safe and stable environment
Among the many advantages of buying property in Dubai, one is the sense of security that Dubai residents enjoy. This is one of the main reasons why people move and do investment in Dubai. An ideal real estate investment requires a safe community where parents can allow their children to play freely and where they can sleep soundly at night without worrying about buglers.
In addition to having the latest devices that can arrest any criminal, Dubai has strict and strict anti-crime policies. Robbery cases are almost non-existent and even street fights are resolved peacefully in the city. Being able to walk around alone at night is one of the priceless benefits of buying real estate in Dubai.
#4. Happiness and Residence in Dubai
By purchasing property you have the chance to obtain a UAE residency visa. This comes with some residency criteria, which include purchasing a property worth one million AED or more, no mortgage or financial assistance for the purchase of the property, and the property must be suitable for occupancy.
UAE residency gives you many benefits rather than just being a foreign investor. The basic requirement of the ministry is to develop programs and policies to improve the happiness levels of Dubai residents- simply, they make you happy.
#5. Growing population
People from all over the world visit Dubai here in search of better career and business opportunities. After all, all these people need a place to stay. Nobody will stay in hotels for the rest of their lives.
As per estimations, the launch of real estate projects will increase the population each year. It makes no sense to have a property in a city from which people are constantly migrating. Such property would not generate revenue.
Meanwhile, investing in properties in a city with a high flow of people would mean a high return on investment. Dubai is a modern city, where more than 150 different nationalities reside. People from all over the world seek better career and business opportunities in Dubai.
Also Read: Tips on Buying Investment Properties In Dubai
Conclusion
The Dubai Statistics Center announced that the population of Dubai in January 2016 was 2.4 million and will reach 5.2 million by 2030. These numbers simply mean increasing demand for housing and property.
You would be happy to know that Dubai’s average population growth rate is 4.7%, which also coincides with its economic growth. Buying real estate in Dubai would be a great investment.
