Why should you invest in Dubai?
Here are the Top reasons why you should invest in Dubai Real Estate
- Top major city in the world: Dubai is poised to become a major city that will have its name beside New York, Hong Kong, Singapore, Tokyo, London, and Paris. Eventually, Dubai and the UAE will surpass all other cities when it comes to a luxury lifestyle. Don't miss this opportunity to invest in Dubai and the UAE now in 2024. The prices will eventually jump again, especially when the 2030 and 2040 plans are complete.
- Tax Advantages: Dubai has no capital gains tax or rental income tax, you keep all the profits you make when you sell a property in Dubai.
- Safety and Growth: Dubai is one of the world's safest and fastest-growing cities, and people from all over the world are moving to Dubai, including families, content creators, remote workers, millionaires, and even billionaires. Dubai is ready for such growth, especially for the Luxury market. This is creating an unprecedented demand for housing.
- Tax Advantages: Dubai has no capital gains tax or rental income tax, you keep all the profits you make when you sell a property in Dubai.
- High Rental Yields: Even with the high prices of properties in Dubai, compared to 2 to 3 years ago, you can still make around 6% to 8% net rental ROI. And if you invested before 2021, you could easily be making between 10% to 18% net ROI. In addition, it is extremely easy to manage property in Dubai through us, or any other property management company for a yearly charge of 5% of the rental amount value.
- Currency Stability: The UAE dirham is pegged to the US Dollar, ensuring your investment retains its value even if your home currency devalues.
- Food Scene: Since so many nationalities are living in Dubai, you get to experience one of the best fine dining restaurants in the world. The bars and restaurants are just unbelievable here. Palm Jumeirah and DIFC are the upscale dining destinations in Dubai and UAE.
- Rental Demand: The Dubai 2040 Urban Plan aims to double the population as well as make life easy for its residents. So you need to invest now to cater to the population increase.
- Weather: 8 months Dubai has the ideal weather. You would love to spend your winter months in Dubai. It is perfect. The remaining 4 months are just unbearable though, so better leave to your home country or Europe for the summers.
- Thriving Business Hub: Every month new businesses, restaurants, bars, and hotels are opening in Dubai. There is a reason for this as they know where Dubai is headed. And again, this will drive demand for housing. So you need to be part of this new housing demand requirement.
- Vacation Home: Dubai is now becoming a second or third-home destination for either vacation or short-term rentals. You buy a property, stay for a few months, and give it on short-term rent for the rest of the year on airbnb.com or booking.com
I can continue writing, but I have to stop now. Dubai is great especially if you have family and friends. I am Azfar, your transparent guide who helps you pick the right real estate investments in Dubai. Let's make it happen.
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