Why Dubai
There are a number of reasons as to why Dubai is regarded as one of the best cities in the world. This is thanks to its unique architecture, multicultural environment, overseas property demand and top tourist attractions.
Safest Country in the world
UAE is one of the safest countries in the Middle East for tourists. Its stricter laws mean crime is kept to a minimum. As a result, many tourists feel that UAE is much
safer than elsewhere. The crime rate in UAE is much lower than in comparable countries in other parts of the world. There is clean, safe, and monitored public transportation in the city, and riding it does not threaten travelers.
STABLE CURRENCY
Due to its exchange rate stability, the United Arab Emirates dirham has long been considered a stable foreign exchange or forex trading investment option. As the UAE’s economy has grown, so has the dirham’s strength.
High rental yields
Dubai is a fantastic place for real estate investors to purchase and retain both long-term and short-term rental properties. The high yields of up to 9%, relatively
low property prices and numerous tax and visa benefits make it a great market to invest in property.
Tax incentives
With tax-free income and just 5% VAT on goods and services, Dubai offers the rare chance to enjoy life, take a comfortable vacation once in a while and boost
your savings all at once. All these factors have made this city a perfect place to live and invest your money.
Regulated market
Dubai’s real estate market has been rated the most transparent in the Middle East and North Africa. At the moment, the market is at a high point with no signs
of slowing down. Through new and revised initiatives and regulations, the government is improving market transparency. Just this year, all real estate data
is now publicly available thanks to a new initiative from the Dubai Land Department (DLD). Over the past few years, Dubai has become one of the world’s most dynamic cities and has attracted investors from all over.
Golden Visa relaxation
UAE government announce two specific relaxations that are Golden visas. It is known as the long-term visa to reside, work, invest, do business, and start your
own business in the emirates. You will be eligible for Golden Visa by investing AED 2 million the length of this visa is extended from 5 to 10 years.
Future of UAE real estate market
We can’t deny the fact that the Russia-Ukraine crisis afflicted the real estate market badly in the past few months. Thus, impacting the high mortgage rates and prices of property in the market. Hence, the Govt sensed that announcing the Golden Visa relaxation will ease the hurdles of the up-down market. Its advantages come out with amazing results as it becomes the most noticeable attraction for foreign investors. That will give a boost to the realty business in the future. Dubai will be titled the paradise of investment in the coming years. This is the home for expatriates on that basis the realty boost up will be maintained in future with a bundle of benefits for investors.