23/07/2018
Six reasons to invest in Dubai property
Nearly 10,000 foreigners accounted for Dh21b in realty investments in the first half of the year. According to the Dubai Land Department (DLD), there were 27,642 real estate transactions in Dubai worth Dh111 billion during the first six months of the year. Some 9,935 foreign investors accounted for 11,889 transactions worth more than Dh21 billion.
These numbers testify to the strength of Dubai’s property market, presenting fantastic opportunities for seasoned and green investors alike. Here are the top six reasons why Dubai continues to attract investments from all over the world.
Relaxed visa rules
Purchasing a property worth at least Dh1 million now allows the investor to apply for a residency permit. In May, the country implemented a law that allows 100 per cent foreign ownership of companies, followed by the introduction of a 10-year residency visa for investors and specialists.
Higher yields
Dubai offers an average yield of 7 percent, better than the average yield in international property markets such as Hong Kong (3 percent) and Singapore (4 percent).
Regulatory framework and transparency
Dubai’s real estate market is one of the best-regulated in the GCC with the government has adopted several measures such as the escrow regulation, rental cap, rental increase calculator, and a rental dispute settlement center.
Diversified economy
The non-oil sectors generate 70 percent of the UAE’s GDP; this is expected to reach 80 percent by 2021. Dubai’s non-oil sector contribution has already reached 95 percent.
Political stability
The UAE remains politically stable due to its visionary leadership that works towards development in economic, social, cultural, environmental and political domains.
Global connectivity
Dubai is a leading multimodal transport hub. Catering to 8.2 million passengers per year, Dubai International Airport is among the world’s busiest.
