With factors like tax-free refuge, affordability in prime locations and excellent rental yields, Dubai’s real estate market is at its peak
With its alluring features, including a welcoming environment, robust economy, cutting-edge infrastructure, and high-quality living, the city of Dubai is drawing investors from around the globe. One of the primary attractions for investors here is the tax-free refuge. With no property taxes to worry about, smart investors are lured in to capitalise on the potential of owning their dream homes, with the added benefits of increased equity and ROI.
The real estate market of Dubai also gleams with the winning combination of affordability in prime locations. Despite the rise in property prices per square meter, investors remain undeterred as they can acquire desirable properties without much strain on their finances.
Another promising aspect of Dubai’s real estate is the excellent rental yield that offers investors a valuable chance to capitalise on exceptional returns, surpassing even global powerhouses like New York City, Hong Kong, and London. Investors can expect annual returns to reach an average of 8% with long-term tenants or even go as high as 15% with short-term leasing.
Furthermore, Dubai's investment visas open doors to foreign investors. The city warmly welcomes investors and offers resident visas to those who invest a minimum of AED 750,000 in real estate, showcasing its dedication to providing long-term security and prosperity.
“Since the global pandemic, flexibility in work-life has become a new trend, and the ability to work outside of your work country has excelled. Dubai, being at the centre of the world with every major city around an eight-hour flight away, has attracted people to invest in property for as little as 750,000 to obtain a visa, which is advantageous for you and your family,” said Laura Adams, Director of Secondary Sales at Provident Real Estate.
Safety is a compelling factor too as Dubai ranks among the top 10 safest cities in the world. Its low crime rate and efficient legal system gives confidence and peace of mind to investors. The city also grants international investors the benefit of freehold ownership, ensuring total control over their purchased property. The flexibility and security allow investors to choose various options, from living on the property to selling, renting, or leaving it to their heirs.
One can also choose from diverse investment options, including houses, hotels, and service apartments, among others in the emirate. Dubai's inviting environment draws people from over 120 different countries, fostering a feeling of togetherness and inclusiveness among visitors from all around the world.
