The demand for Dubai real estate has been growing steadily over the past few years. Dubai is one of the most happening locations in the world and not only in the United Arab Emirates (UAE) where it is located. There are also two other cities in the UAE that are well known around the world for the amenities that they offer – Abu Dhabi and Sharjah – but they do not really compare with Dubai in any way. Dubai is on a separate playing field when you compare it and there are so many reasons as to why you should own a property in Dubai.
1- There is an Extensive Choice of Properties to select from.
Most tourists fall in love with Dubai at first sight because it’s an extremely beautiful and welcoming city. Some people dream of living in a skyscraper, where they can admire breathtaking views while sipping their morning coffee. Others prefer private houses with well-groomed gardens and panoramic windows. No matter which type of property you want, you’ll be able to find it in Dubai and buy it on a friendly budget.
2- Continuously Increasing Prices
Every year, real estate in Dubai is becoming more expensive. The sooner you buy it, the more you’ll benefit from it! The house or apartment that you purchase will have a high resale value. But most foreigners don’t want to just make money on Dubai properties. They like spending time in the city, so they normally save at least one apartment for themselves.
3- High level Construction Quality
Dubai properties look just as stunning in real life as in promotional photos and videos. They are modern, environmentally friendly and energy-efficient. Construction materials that local building companies use are highly durable and safe. Famous designers and architects from around the world gladly come to work in Dubai because here, they can make many of their professional dreams come true.
4- Residency
To become a Dubai resident, you should buy a property that costs at least AED 1 million (approx. 273,000 USD at time of writing). It should be ready to move in, so you shouldn’t opt for an off-plan apartment. Plus, you need to pay in cash. After that, you won’t be a tourist in Dubai anymore but a full-fledged member of the local community.
5- You would get excellent returns on investment
The real estate market of Dubai is getting better even as the city’s population is increasing. This has become a yearly trend almost. Even the investors are also aware that the growing population is quite wise when it comes to purchasing property in order to keep up with the increase in demand for rent. As a booming destination for tourism, if you rent out your property, you can expect to get around 8% of its cost back every year. That’s much higher than in most other cities on the planet. Property management is quite easy for absentee owners as there are many local companies offering management services for Long Term Rentals and Air BnB.
6- No Taxes
The city remains one of the very few places on the planet where you don’t need to pay a yearly tax for the mere fact of owning the property. Moreover, you won’t need to pay a tax on your income! That might sound too good to be true but it’s a fact.
7- Prolific Business Environment
If you want to find a job in Dubai, you’ll appreciate local salaries. Professionals with extensive experience in their spheres can land very good positions. Many international companies have branches or headquarters in Dubai. If you own your own business, you might want to open an office in Dubai as well. Your odds for success will depend on your industry. In the last few years a large amount of remote workers are now calling Dubai their new home as well.
8- One of the Safest Places in the world
The low rate of crime is one of the major advantages that you feel as a property owner in Dubai. The likelihood of minor crimes too is really less. Even if you have left your wallet in your car and that too in quite an evident manner you need not worry because the likelihood that it would be stolen is pretty less. Dubai is one of the safest cities on the planet. Well-off individuals feel more comfortable here than in many other tourist hubs. People respect each other in the street and in public places.
9- It has the Museum of the Future
One of the greatest tourist attractions of Dubai is the Museum of the Future. Here you are able to see what lies ahead by way of the latest and the best simulations as well as exhibits that happen to be interactive in nature. The museum also has other attractions such as scientific conferences. Apart from that, it provides high-level courses on the latest trends and achievements in science. The museum is expected to emphasize on solutions to the most critical challenges that are facing humankind right now as a result of the climate change all around the world. These three challenges are water supply, cities that are self-sufficient, and food security.
10- It is looking to become the happiest city in the world
It was in 2016 that Dubai formed a ministry named the Ministry of Happiness. The main responsibility of this ministry was to come up with programs as well as policies that could play a crucial role in improving the levels of happiness among people living in Dubai.
11- Leisure Amenities in the UAE
Dubai built a global reputation based on the pursuit of leisure and pleasure. Think large shopping malls with shops, eating and entertainment establishments under one roof. The city even has its indoor ski run. Other opportunities for the whole family to enjoy themselves include ice rinks, gardens, cinemas, tours, and of course, those pristine and gorgeous sandy beaches. Of course, you can always expand your wings and explore further into the UAE.
12- High-class routes for transportation
Dubai is one city that is always looking to get better with regards to the infrastructure that it has in place for transportation. Hyperloop One, an organization based in the United States of America (USA) is right now building a quicker route of transportation between Dubai and Abu Dhabi. This is going to be the first working system to be built by the company in the world. When this system gets operational, people would be able to travel between the cities in pods that are expected to travel at speeds of 1200 km per hour. This also means when this project is up and running you would be able to travel between Dubai and Abu Dhabi in just 12 minutes. As unbelievable as it may sound it is true indeed. As per the estimates of Hyperloop One, there would be around 4000 such pods traveling between Dubai and Abu Dhabi on a regular basis. You can easily fly from Dubai to nearly any destination in the world, at any time of the year. Local roads are as perfect as they can be and you’ll enjoy every minute of driving a car as the roads are very well built to the highest standards.
13- Excellent Weather
While it might be rather hot in Dubai, there is air conditioning everywhere. You’ll be able to go to the beach every day and enjoy the sunshine much more often than in Europe or America. The warm climate makes people happier and healthier. No need to shovel snow and bundle up for that blizzard.
14- Fabulous Shopping Opportunities
Local shopping malls are legendary. In Dubai, you can buy items from the latest collections of top designers: clothes, accessories, furniture, decor items, gadgets, works of art and so on. All your family should be over the moon!
15- A Cosmopolitan City
You won’t need to learn Arabic before moving to Dubai. It’s enough to speak English to be able to enjoy the local life to the max. As you probably know, even the road signs here are available in two versions: Arabic and English. Nevertheless, you might want to learn the language just to show your respect to the national culture — and because it should be a pleasure!
In Dubai, you’ll be able to meet expats from all continents. You’ll make many new friends and establish useful business connections. Here, you’ll realize that you’re a true citizen of the world as you can experience it all in one place. If you are looking to invest in a second home or a rental property without having to worry about safety and management while earning income Dubai is an excellent option. We can guide you based on our experience and provide the information you need and represent you effectively. This will make the process smooth and help you find a home that suits your needs and lifestyle and when you SEE IT and you LIKE IT you can OWN IT.
