Dubai Real Estate: An Eldorado That you MUST Consider!

Dubai Real Estate
Dubai Real Estate: An Eldorado That you MUST Consider!

Investing in Dubai real estate is a big deal and for years Dubai has been the new Eldorado for investors! 

It is said that this city is global and dynamic, and international airports serve all the cities of the world.
When it comes to investing in real estate, it is a good investment because you benefit from a favorable tax treatment system!

So, if you are still hesitating to buy a property in Dubai, here is what you need to convince yourself!

If you want to invest in Dubai real estate, you must know that the real estate market is one of the most dynamic in the world!
In Dubai, you will be amazed by the number of apartments available in very elegant areas at relatively low prices.
In addition, sellers are often open to negotiation with up to 15 or 20% less on the posted price.

On the other hand, the services are top-of-the-range with luxury residences! Moreover, most of them have swimming pools, a gym,

A fantastic place to invest and live.

Dubai is a Fantastic Place To Invest And Live.

Investing in Dubai real estate

A MORE THAN ATTRACTIVE TAX SYSTEM, CLIMATE, POLITICAL, AND ECONOMIC SECURITY MAKE DUBAI AN IDEAL DESTINATION FOR INVESTMENT AS WELL AS LIVING.

Rental income from residences provides investors with a high return on their investment. However, in terms of investment, the choice of neighborhood is critical.

Until now, investors preferred properties near prominent areas such as Dubai Marina or the city center, leading to higher prices.

To attract potential investors, developers are creating properties in “new neighborhoods” that provide a highly appealing price/return ratio. and a concierge service. 

In addition, you can apply for full-time residency in the UAE by Investing in Dubai real estate and choosing to an investor visa.

THE MAJOR BENEFITS OF Investing in Dubai real estate:

An excellent location for both investing and living.

  • There is no income tax.
  • There is no business tax.
  • There is no VAT on new developments as well.
  • There is no capital gains tax.
  • There is no inheritance tax, and the possibility of registering a will exists.
  • There is no withholding tax.

DUBAI’S LOCATION IN THE MIDDLE EAST AND SEVERAL IMPORTANT ELEMENTS HAVE COMBINED TO CREATE A STRONG ECONOMIC FORCE.

Political and economic stability: The United Arab Emirates has become a model of political and economic stability that sets it apart from its neighbors.

Regulatory Evolution: The limits and laws of ownership in the emirate have changed constantly in recent years and are being updated in favor of the owners.
Massive development projects: Dubai is rapidly changing, both economically and socially.
In addition to the advantages, Dubai offers excellent temperatures throughout the year: every day of the year is sunny. Complete security: Dubai has the highest level of security.
Numerous projects and activities: Dubai is a metropolis bursting with vitality.

The population’s diversity: Dubai is an international metropolis, which results in a continual cultural mix.

Being at the crossroads of several continents offers a wonderful geographical location. For example, it is a 6-hour flight from Europe.

Dress code: no dress code. Street shorts, short and strapless skirts are acceptable

Acquiring a rental property

Dubai rental properties

as many entrepreneurs take the city of Dubai by storm, the demand for housing is exploding!

That’s why, as an investor, it can be interesting to invest in rental property. 

In just two years, prices have already dropped by around 25% in some regions. And since the city is actively working on insolvency measures, the office won’t work at all.
As for the profit, it can reach 8-12% depending on specific regions. In addition, the city of Dubai uses a very interesting tax system, 0 taxes!
With the UAE hosting a large number of ex-pats, the city is firmly looking to the future, aiming to become the number one tourist destination in the world by 2025!

What are the most popular neighborhoods?

To invest in a property in Dubai, you can already turn to the international district. 

Particularly cosmopolitan, it offers an excellent rate of return for rental, if you opt for a studio or one-bedroom apartment. 

On the other hand, there is little demand for large apartments in this area. 

In Dubai Marina, prices naturally rise as demand is high. It is a residential area with many restaurants and shops that are very popular with expatriates.

You invest in the residential area of ​​Palm Jumeirah, an artificial island with luxury hotels, shopping centers, and luxury buildings.

 Here, you won’t find anything for less than €200,000! As for Downtown Dubai, it is a posh area that is very popular with tourists, especially because of the Burj Khalifa and other sites in the Citadel of the Emirates.

For studios, you will have to pay €130,000 with apartments that can go up to €2 million for high-end services.

We are real estate consultants and we are happy to advise you and help you, Investing in Dubai real estate… For more detailed information, please contact us. You can also browse our properties here