Why invest in Dubai Real Estate?

Several experts with a deep understanding of the Dubai real estate scene have noted its clear resurgence. The months of June, July, and August of 2019 experienced a noticeable increase in residential sales. According to the Khaleej Times, there has been a significant surge in the number of residential home transactions in Dubai, reaching a four-year high. There is a clear revival in both the volume and value of real estate assets. According to the most recent statistics, there has been a growth rate of 33.46% compared to last year. According to the data collected by Data Finder, Dubai recorded approximately 6618 residential transactions in 2018. This year, there was an increase in the number of deals to 8,833. In addition to this, numerous other factors make investing in Dubai real estate a wise choice.

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Increase in real estate value

Experts have also cited the influence of the global mega-event, Dubai World Expo 2020, on the revival of Dubai real estate. 

When it comes to the value of real estate, mid-2018 witnessed AED 12.58 billion worth of transactions. 2019 transactions recorded around AED14.94 billion, a hike of more than AED 2 billion. 

The Dubai World Expo 2020 began preparations in October 2019. It was a 6-month mega-event proposed to start in October 2020. The statistics received then concerning the real estate market were relatively high.

The world expo that was held in the preceding year, from Oct 2021 to March 2022, had a significant impact on the real estate market in Dubai. The expo stimulated demand in the commercial market and influenced the government to implement various initiatives that benefit the real estate sector of the city.

Dubai real estate experts unanimously state that the Dubai real estate market has turned out to be in favor of the buyer. The credit goes to the government for its proactive and timely measures in connection with price regulations.

8 Advantages of Investing in Dubai real estate

Here are the top 8 reasons to invest in Dubai real estate.

1. Scope for Innovation 

Dubai is a well-equipped innovation center with a thriving and developed infrastructure. Dubai has recently witnessed an increase in the inflow of tech-based professionals from all over the world. Department of Economic Development has published an interesting report on the licenses issued in June 2019. Out of the total licenses, 58% were professional licenses. 

2. A divided, growing economy

Dubai has a diversified economy. Apart from conventional oil and natural gas, Dubai earns revenue from multiple sectors like logistics, tourism, retail, and wholesale. Tourism and Dubai Expo 2020 would have a very positive impact on the overall growth of Dubai. 

3. Multicultural society

Dubai is an expat haven and expats from all over the world thrive and settle in Dubai. Therefore, the population count is always on the rise, hence the demand for property and residential apartments. The greater the inflow, the greater the demand for real estate.

4. Low crime rates

Thanks to the strict rules and regulations regarding safety and security. The willingness of foreign investors and job-seeking individuals to settle in Dubai is proof of low crime rates and stable living conditions. 

5. Property tax exemption 

The investors are exempt from property tax. And this is a good reason to invest in Dubai real estate. 

6. Dubai Expo 2020 

The international, 6-month mega event will be conducted in October 2020. Dubai Expo is predicted to bring in 25 million visitors, of which 70% are estimated to be international visitors. The event is estimated to contribute around 1.5% of the annual GDP of the UAE, according to EY. Many international businesses would become part of the event. The requirements for office space and residential space are manifold. 

7. Multiple real estate options 

The property investors have plenty of options to choose from. Investors can either buy commercial or residential property based on their requirements. 

8. Hassle-free Visa

You can easily get visa documents approved by following the prescribed guidelines and instructions. Residency visa approval, investor visa approval, etc can be accomplished without much delay.  

These are the 8 benefits of investing in Dubai real estate. If you have any real estate plans, please do not hesitate to call us. Be it a query or a bit of advice or legal consultation, our business set up consultants in Dubai are equipped and well-informed to help you.