The United Arab Emirates has become one of the suitable countries to carry out business transactions in the world. The UAE consist of seven Emirates, each with its own authority, which forms a federal executive council. While Abu Dhabi is the country’s capital, Dubai is the most famous of the Emirates as well as its economic and business hub. Dubai has the highest population which gives it a reputation as an international hub because of its tourism and flourishing business environment. This article describes the many attractions of real estate in Dubai, what properties to look for, and which locations are suitable for any type of real estate investment. Together with https://emirates.estate we will give some choices too.
Why Dubai?
Dubai is perhaps among the most famous places not just in Asia, or the Middle East, but probably the world. Its airport is a stunning sight to behold. Dubai is a multi cultural city and this is reflected in its allure. You can enjoy a private, glamorous lifestyle from its many fancy restaurants, to the private beaches and even world class amenities at a variety of five star hotels. Dubai’s multi culturalism has made it an international hub.
Dubai also has the most diversified economy in the UAE and offers the best choices for investments in West Asia. The city has the best properties on the market for anyone who wants to invest in real estate. There are many properties available for any price range. In order to attract investors, the Dubai visa program makes it easy for you to visit or stay in the country if you are an investor on business or for tourism.
Beyond all of this, real estate in Dubai is attractive because you do not pay property tax on your real estate unlike many cities in Europe and Asia. The increasing population also makes it easy to earn profits if you’re looking to earn rents from your property. The rising GDP of the country allows you position yourself for growth in the country’s future: and real estate is the best for you.
Property investments in Dubai
The real estate market is a valuable selection for investments in Dubai, UAE. According to Emirates.Estate, real estate in Dubai continues to witness increased growth since the early 2000s. The city is a centre of diverse businesses from around the globe. Outsiders and residents are all involved in its premium real estate. Dubai is highly admired for its luxury; such as: restaurants, office spaces, residential villas, apartments, and houses. Now is the appropriate moment to consider investing in Dubai’s real estate, as the country continues to diversify from oil revenues to industries like healthcare and entertainment. Property prices are rising, and you can take advantage of this by taking action immediately.
Essential factors to put into consideration before you invest
As a prudent investor, there are many salient factors you must look into before you make your investment move. You need to first determine the reason why you want to make the investment and also which area suits your purpose. There are some areas which are famous for their palatial villas, while others are known as rental areas for foreign expatriates who do business in the Emirates and around the Middle East.
Some places are suited for personal use and if that’s your choice, you can invest in flats and apartments for families. Or even more expensive villas in highbrow areas if you can afford it.
If rental income is your choice, there is always a need for more office spaces. As more foreign companies bring their business to the Middle East, there is nowhere better than Dubai, UAE. These expatriates also need homes to stay while they are here. Furthermore, resale value for properties are high every year. Compare to other cities, Dubai’s real estate is in huge demand.
Choice locations for real estate in Dubai
There are many districts and neighborhoods for anyone who desires to acquire real estate for investment in UAE. However, these are the leading locations for real estate investment.
- Palm Jumeirah: A man-made island, substitutable with riches and affluence, Palm Jumeirah is where you get in contact with the elites and higher middle-class. The high rise buildings and penthouses offer the best view of Dubai’s skyline. The regular flow of tourists, and increase in demand for properties indicates there is always lucrative gains for investors as high as 5% yearly.
- Downtown Dubai: This particular location is a blend of commercial and apartment buildings. It is perhaps best suited for potential investors looking for passive income from rental property. Again, this is where you can find the famous Burj Khalifa. Downtown Dubai has a higher rental proceed than comparable places in other major cities of the world like New York, Kuala Lumpur, Hong Kong, and Paris.
- Dubai Marina: Skyscrapers and promenades by the waterfront, luxury apartments and excellent infrastructure, exceptional amenities, and all you need for comfort. Dubai Marina is ideal for anyone who wants to live by the water. Its closeness to other leisure centers in Dubai, UAE provides a steady return on luxury apartments at close to 6% per annum.
- International City: This is the confluence of Dubai and the world. It has the most remarkable architecture in the entire of Dubai. International City is mixed; offices, retail shops, and a range of residential districts form an eclectic and exciting prospect for investors. The first phase of this Dubai community has themed districts named after some places including:
- England District
- Spain District
- Morocco District
- France District
- Greece District
- China District
- Emirates District
- The Central District
- The Lake District
- The Forbidden City.
Not far from the Global Village, and close to Dubai Central Fruit and Vegetable Market, International City is affordable. Potential yields continue to grow and get to a remarkable 7%.
When to invest
There is no right time than the present moment. The Middle East is growing at a pace the rest of the world cannot match. Nowhere else can compete with Dubai, UAE especially in the real estate business. Real estate agents advise those looking for property in Dubai to invest now as value soars.
