Over the years, being a luxury real estate boutique, we have overseen Dubai’s development. Friends who went there for a holiday all came back full of enthusiasm. It is beautiful (if you like skyscrapers), it’s safe for women to walk on the streets at night, it’s not expensive, it’s fun, and people are amicable. It is good to look closer at this paradise by the sea if it interesting for your real estate investment.
How did Dubai become so famous?
Dubai used to be a fishing village with no more than 800 residents. Located off the Persian Gulf’s southeast coast, it is now the largest city in the United Arab Emirates. Over time, the small village has evolved into a major business centre and international metropolitan area.
The city’s history dates back to 1833, when members of the Bani Yas tribe settled there. They were drawn to the area’s natural harbour, created by the creek that flows through it. The people who lived in the area transformed it into a fishing village. They were eventually joined by other nomadic groups from the Middle East, such as the Bedouins.
During the 1960s, the local economy mainly depended on the granted oil and trade concessions. The city’s development timeline shows how, in 1969, oil revenues began to flow into Dubai. This resulted in rapidly establishing various infrastructures, such as hospitals and schools. Over time, the wealth from the oil revenues boosted Dubai’s growth and transformed it into a fashionable and modern city, with the Burj Khalifa tower as the cherry on the cake.
Buying Dubai real estate
What are compelling reasons to consider buying a second home in Dubai? Many investors are attracted to Dubai real estate due to its various advantages. Here are eleven reasons why this is a great investment option.
Central location
The Emirate of Dubai has a stable economy with diverse industries supported by tourism, finance, real estate, and trade. It is also strategically located in the Middle East, making it an ideal business location.
Zero tax on property gain
Due to its various advantages, Dubai real estate is an appealing choice for investors. It offers a zero-tax environment on property sales and rental income.
High rental yield
Dubai’s rental yields are among the highest in the world, making it an ideal choice for investors. The city’s robust demand for rental properties also gives you high returns.
Preferred tourist destination
Dubai’s strategic location makes it a preferred business and tourism destination, boosting the demand for residential and commercial real estate.
Excellent infrastructure
Dubai’s infrastructure is regarded as some of the best in the world. This includes modern transport networks, world-class facilities, and iconic landmarks. The continuous development process further enhances real estate investments in Dubai.
Full real ownership
In Dubai, foreign investors can enjoy the full ownership rights of their properties through freehold ownership. This allows them to sell, rent, or lease their properties without restrictions.
Legally protected transactions
The legal system of Dubai is well-equipped to protect investors’ and property owners’ rights. It has adopted regulations to ensure that transactions in the real estate market are conducted fairly.
Variety of real estate opportunities
Dubai real estate offers various property types, such as villas, hotels, and luxury apartments. With so many options, investors can diversify their holdings depending on their goals and preferences.
Growing market
The steady growth of the country’s population and the availability of various job opportunities have contributed to the continuous rise of Dubai’s real estate demand. This demand is expected to support the long-term growth of the real estate market.
Safety
Dubai law is mighty. If you don’t respect the simple rules of civilisation, you must leave the country and can never return. In the old days, they probably cut a hand off before throwing you in the desert. It adds to the safety of leaving your wallet on the table and walking away. Nobody will dare to steal it.
High quality of life
Dubai offers a high quality of life, with modern facilities, safety standards, and cultural attractions. These factors and the city’s attractiveness to investors and residents are expected to support the real estate market’s long-term growth.
The various advantages of investing in Dubai real estate make it an appealing choice for international and local investors. It offers investors the opportunity to gain capital appreciation and diversify their portfolios. If you are interested in buying real estate in France but also want to build your Dubai portfolio, don’t hesitate to get in touch with us. Discretion assured.
//
