There’s no other industry yielding more profits than real estate. It’s just that you need to choose the right property in the right location at the right time. When it comes to real estate, it’s a very critical decision since you’re putting in a huge amount of money. But in places like Dubai, real estate often turns up lucrative and here’re a few reasons for that.
Dubai economy has boosted over the past few years, which has encouraged many investors to put their money into the real estate. Not only the business owners but expats from all over the world are entering Dubai for Job. And thanks to the Government that has always been welcoming the foreigner to come to Dubai and contributes to the professional industry in the form of investment or even as an employee.
And all these things have had a great impact over the Dubai Real estate. And if you’re wondering why you should invest in the Dubai Real estate, here’re a few persuasive reasons for that. So let’s dive in;
Before investing into any real estate, it’s imperative to consider the economy of the city you’re willing to invest in. If the studies indicate that the specific region is going to have continuous growth, you can go ahead and invest. And talking about the Dubai’s Economy, Stats confirm that Dubai will be having a continuous economic boost in the years ahead.
No Property Taxes
It’s one of the great things about Dubai Real Estate. Government regulation and transparency have always been driving investors into the ever-changing Dubai real estate landscape. The great initiatives taken by the Dubai government is the mortgage cap of 75% loan to value for first-time expat buyers for Real Estate less than AED 5 million.
By 2020, there are going to be over 277,000 new jobs with a reported investment of DHM 25 Billion in the infrastructure related projects. Inevitably, Dubai is known to be an attractive, secure & stable place for big business as well as real estate investors. Being a smart city, Dubai is up for being at the forefront of technology with transportation solutions such as hyper-loop and driverless vehicles. The government is also highly concerned about the ‘Happiness’ initiative. Perhaps that’s the reason why it’s focusing on the happiness of both the expats as well as the locals.
When it’s about the real estate investment, the infrastructure plays a significant role whether it’s residential or commercial property. For the apparent reasons, good infrastructure makes life much easier. Having all the requirements fulfilled at high standards, the Dubai’s infrastructure is excellent. Dubai has got everything that’s required to have a better infrastructure like great buildings, hospitals, schools and transportation systems, tram, outstanding roads and 12 lane highways etc.
Variety of options for all budgets
For any investment, you need a good amount of money. When it’s about investing in Dubai property, it’s going to be no different. But what’s good about it is that you have different options to choose from depending on your budget. In case you aren’t willing to invest in the built real estate, you can consider the off-plan property options. Don’t forget to check out some useful off plan properties tips to take the right decision. In off plan, you can get a wide range from the luxury mansion or a penthouse to an affordable studio apartment.
These options turn out to be encouraging for the investor to choose from different properties to invest in. Depending on your budget, you can check out the different off-plan properties, and you’ll most likely find a suitable property. And another great thing, you’ll have different payment plans to choose from.
Do you want to learn more about why many investors are so attracted towards Dubai properties and why you should invest in Dubai Real Estate? Just check out the article now.