Dubai is a cosmopolitan city that draws people from all over the world with its luxurious lifestyle. Many international and domestic investors see Dubai as a property treasures.
Seeing the rich prospects available in the Emirate, many investors reap the rewards of buying property in Dubai. The most appealing perk is obtaining a property in the world’s fastest-growing metropolis and a place with a high quality of life.
THE TOP BENEFITS OF BUYING A PROPERTY IN DUBAI
The benefits of buying a property in Dubai can aid potential investors and buyers in making their decisions. Let’s look at five major advantages of buying a property in Dubai.
1. ECONOMIC STABILITY
To maximize their investment return, first-time buyers choose to invest in freshly launched, low-priced properties. However the fact is that investment returns are heavily influenced by the country’s economy.
As a result, Dubai’s booming economy has made it a magnet for investors from all over the world. The construction of fresh facilities and architecture in Dubai enhances the value of acquired homes accordingly.
2. TECHNOLOGICAL PROGRESS
The Dubai government is continuously striving to create a smart city by implementing cutting-edge technologies. The exclusive entertainment attractions and excellent public transportation system improve the value of real estate in Dubai.
Smart Dubai is one example of such progress, with the goal of transforming the Emirate into a smart and sustainable city in the future years. Furthermore, Dubai citizens use the applications provided by the Dubai RTA’s smart services to make their everyday journey more pleasant.
3. ENJOY HIGH LIVING STANDARDS
Dubai has the highest level of life in the UAE and rates well worldwide. These living standards take into account a variety of factors, including healthcare, security, and educational levels. This Emirate aims to become one of the world’s brightest cities.
Buying real estate in Dubai is the same as investing in the future. Property owners in Dubai might profit from renting out their house to earn a consistent income. They can also enjoy the conveniences of living in Dubai.
4. OUTSTANDING SAFETY AND SECURITY
Dubai is recognized as one of the safest cities in the world. As a result, it is the best spot for families to settle. One of the many advantages of buying property in Dubai is the safe living environment it provides.
Al Ameen Service is an internet tool via which crimes can be reported anonymously. Moreover, Smart Police Stations are one step in increasing security and maintaining calm in the community.
5. VISA FOR PROPERTY IN DUBAI
Another benefit to purchasing property in Dubai is that foreign citizens can obtain a residency visa in the UAE by investing in real estate.
Property investors may now get long-term visas in the UAE. Real estate investors, for example, may be eligible for a residence visa lasting from 5 to 10 years.
Moreover, international nationals over the age of 55 can get a five-year residency visa under the General Directorate for Residency and Foreign Affairs’ (GDRFA) Retire in Dubai Programme provided they possess a property worth AED 2 million.
6. RENTAL YIELDS
The substantial rental returns given to investors and homeowners are one of the primary advantages of buying a property in Dubai. This provides the homeowner with a consistent source of income.
Furthermore, the homeowner might eventually decide to sell the property at a higher price to create a significant profit.
7. VARIETY OF OPTIONS
For property buyers or investors, Dubai has something for everyone, from inexpensive single-bedroom apartments to lavish villas for sale. With so many new real estate property launches in Dubai, investors are finding it more difficult to narrow down their selections.
DUBAI FREEHOLD PROPERTY AVAILABILITY
Several districts in Dubai have been approved for real estate investment by foreign residents or expats. They are known as “freehold” zones.
One of the advantages of buying freehold property in Dubai is that the owner has complete control over the property. This manner, the owner avoids the headache of either selling or leasing the property.
Among the well-known freehold areas in Dubai are Dubailand, Arabian Ranches, Palm Jumeirah, Barsha Heights, Discovery Gardens, and Dubai Marina.
OFF-PLAN PROPERTY AVAILABILITY IN DUBAI
The benefit of buying an off-plan property in Dubai is that freshly released developments are typically offered at much reduced pricing while under construction. Off-plan property in Dubai allows both seasoned investors and first-time buyers to benefit from the financial freedom it provides.
Besides the many advantages to buying property in Dubai, there are a few cons. This comprises the initial costs associated with the purchase of any property. Yet, the benefits of buying property in Dubai exceed the disadvantages.
