Why Buy Property In Dubai

From the world’s tallest tower to an artificial palm tree-shaped archipelago, Dubai never fails to enchant and amaze. This is true not only for ex-pats looking to live and work in Dubai but also for a growing number of investors increasingly interested in dipping their toes in Dubai’s property market.

Here’s why. As one of the fastest-growing cities in the world, Dubai boasts a thriving economy, an unrivaled property portfolio, and some of the best returns on property investment, such as a 7.5% average return and a gross rental yield of 6-10%. 

There are a lot of things that make Dubai’s property market so exciting. Here are some reasons why Dubai is the best place to invest right now.

Great weather

Dubai is famous for its sunshine, which is enjoyed throughout the year. There are two distinct seasons in Dubai: winter and summer. Summer starts around May, and winter around October. Throughout the year, it enjoys hot and sunny weather with blue skies. 

Tax-free income

Expats worldwide have always been drawn to Dubai for its tax-free lifestyle. This means that Dubai is an attractive workplace because it allows you to grow wealth without paying taxes on your income. Think about it. How many countries in the world don’t levy any personal tax against your income?

High standard of living

Any list of the world’s most luxurious cities includes Dubai. The city has a reputation for a glitz and glam lifestyle that is unlike anything else in the world. The city isn’t all about abundance, though. It’s a lifestyle destination that redefines luxury with everything you can ask for.

Safety

Dubai is considered to be one of the safest cities in the world. In addition to being one of the best places to live, it is also one of the best places to raise a family due to its safe and secure surroundings. The crime rate is really low, and violent crimes are almost nonexistent.

World-class infrastructure

Dubai’s world-class infrastructure and connectivity have helped it become a major hub not only in the Middle East but around the world. It offers world-class infrastructure and urban planning and is also evolving into a smart and sustainable city. 

Competitive prices and rental yields

Dubai offers superior property yields than popular cities such as London and New York, with a gross rental yield of 6-10% and an average return of 7.5%. The property prices in Dubai are also competitive versus other major international hubs like London, New York, Hong Kong, Paris, and Singapore.

Strategic location

Located in the middle of the United Arab Emirates, Dubai’s position is strategic—most flights from the UAE last four hours or less to all major business hubs in MENA. A critical aviation link, it’s a great way to get anywhere in the world.

Economic growth and stability

Investors choose Dubai because of the economy’s continued growth and stability. As the tourism and commercial hub of the Middle East, it has one of the most diversified economies, attracting a high volume of foreign investment annually. Unsurprisingly, Dubai took the top spot in 2021 for attracting foreign direct investment projects. 

Regulated market

Dubai’s real estate market has been rated the most transparent in the Middle East and North Africa. Currently, the market is at a high point with no signs of slowing down. The government is improving market transparency through new and revised initiatives and regulations. This year, all real estate data is 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. These factors create many opportunities for investors looking into Dubai’s booming property market.