10 benefits of buying property in Dubai

10 benefits of buying property in Dubai

As you probably know, Dubai is a new destination of choice for investors from around the world. This is mainly because owning a property in dubai can bring them enormous benefits from guaranteed return to attractive payment plans. So, here are 10 benefits of buying property in Dubai. Read on to the end…

1. Consistently growing population

Dubai is one of the best cosmopolitan cities with highest growth rate in the world. This amazing Middle Eastern city is home to people from more than 200 nationalities. Most of these people come to Dubai to search for business opportunities or a better career. As a result, the population of Dubai is increasing day by day. All of these people need a place to stay. Right…?

So, one of the biggest benefits of buying a property in Dubai is its ever increasing population making this incredible city a perfect choice for real estate investors.

2. Consistent development and innovation

Everyone prefers to live in a city in which new innovative ideas are launched every so often. Dubai is already on its way towards becoming the world’s smartest city. There is always something new and unique about Dubai, and this is also one of the biggest benefits of owning a property in this amazing city.

In other words, a city with these features is always a center of attraction for masses. When millions of people come to this city (to live or visit), the need for new places to stay will be on the rise. Why not your property?

3. The world’s happiest city

It may seem weird as the benefit of buying property in Dubai, but it’s true. It’s interesting to note that the UAE has a minister of happiness being responsible for making people’s lives better and keep them happy all the time.

In a city where enhancing the lifestyle of people is a duty for the government, it’s easy to imagine how much your property investment will flourish in the future!

4. Highest levels of safety

One of the best things about Dubai is the highest levels of safety that residents of Dubai enjoy. This is why people from different parts of the globe find it highly desirable to live in, and also visit.

Dubai is one of the few places in the world in which you will never see two people fighting even during a car accident. In addition, theft or rubbery is something that barely happens in this amazing city. Besides, you can leave the door of your car open, and no one will even touch it!

5. UAE Property Visa

The best benefit of buying a property in Dubai is that you can become eligible to get its resident visa. However, getting the resident visa of Dubai through property investment needs certain requirements. For example, the value of your property must be at least AED 1 million, it must be ready to move in, and you should pay cash!

6. Variety of options

When it comes to buying property in Dubai and its incredible benefits, there are a large number of property options that you can enjoy. Two main categories are commercial properties and residential properties in Dubai. If you are interested in commercial properties in Dubai, then you can invest in offices, industrial properties as well as labor camps. On the other hand, Dubai offers villas, townhouses and apartments if you prefer to invest in residential properties.

7. Attractive prices

Another incredible feature of Dubai’s real estate market is attractive prices. In other words, properties in Dubai are much cheaper than other main cities in the world. To be more precise, the average price per square foot in Dubai is $468, while you have to pay $3,208 per square foot in London.

It is one of the best benefits of owning a property in Dubai that you cannot ignore.

8. Higher rental return

It always comes as a huge surprise that the rental return in Dubai is much higher than other real estate capitals in the world. To be more precise, the best performing areas of Dubai offer a rental yield of up to 10%. While, the average rental yield in NYC is only 3.91, in London just 3.21, and 2.83% in Singapore. In Hong Kong, you shouldn’t expect to get more than 2.82% rental income!

On a very conservative basis, a property in Dubai can bring you at least 5.82% rental income. This is what makes Dubai one of the best destinations for property investment in the world.

9. Good capital appreciation

One of the most important things about any investment is how much it will gain value in the future. People who invested in tech start-ups such as Instagram, Twitter, Facebook etc, saw their investment reaching to sky after a while. The main reason for this profit is that they saw potential in these companies, and took action when the prices where much lower.

About Dubai, the capital appreciation is truly amazing. For example, the average price of an apartment in Dubai Marina was AED 763 per square foot at the time of launch in 2006, while it has reached AED 1,609 per square foot now!

10. No property tax

If you wonder how much property tax you should pay for your property in Dubai, it should be said that there’s NO tax for your property in this stunning city. It means after paying the registration fee to Dubai Land Department, there’s no other taxes that you should pay to government.

This is also one of the biggest benefits that buying a property in Dubai can bring you. It not only removes expenses, but also adds to your money that is amazing, literally!

These are 10 fantastic benefits that investing in real estate market of Dubai will bring you. These facts perfectly prove that Dubai is a perfect investment destination, and how much it is worth investing in. Everyone can enjoy these tremendous benefits of Dubai. Why not you…?

Amirhosein Roueennia Digital Marketing Manager at Dxboffplan, a leading real estate agency in Dubai. He is a columnist for famous marketing publications and loves working with people all over the world