Foreign investment in the UAE is growing, and Dubai is a popular emirate with buyers. Licensed real estate agencies in Dubai make a lot of premium real estate transactions, but cheap apartments are also in demand. Let’s take a closer look at why it is worth investing in the UAE housing stock. For more beginner stock guide visit moneymash.
Foreign real estate in one of the most popular resorts in the world
Summer in Dubai lasts all year round, which pleases not only those who are tired of bad weather and slush outside in their native country. The tourist flow makes housing in demand. Therefore, those who purchase real estate for investment receive a stable profit.
The cost of one square meter depends on how prestigious the area is. It is an average of $3,000 and can reach $15,000 when purchasing luxury villas. This price range allows you to choose the best housing option for any budget. You can buy:
- a studio apartment for over $100,000;
- cozy apartments for $200,000 or more;
- luxury penthouse or duplex for $1,000,000 or more.
The premium housing segment is also in demand, so more and more wealthy citizens from all over the world are buying villas and penthouses for over $10,000,000. On the AX Capital website, you can find offers from developers and local real estate agencies with the latest prices and select a home in one of more than 60 free-hold zones in the largest emirate of the UAE.
Housing in a city with developed infrastructure
The successful territorial location of the country allows you to fly to Dubai from almost any developed country in just a few hours. The city has several international airports, making it easier to move. The domestic infrastructure is more focused on private cars, but the communities are also connected by bus and metro lines. You may see lots of images of the region in blogs, magazines, and social media. Though most shots have been improved by experts from photo editing services, the genuine beauty of the place doesn’t differ much from what is depicted.
Apartment in the Emirate with a high quality of life
The advantages of living in Dubai include:
- modern buildings;
- extensive business opportunities;
- many places for leisure activities;
- developed social sphere, medicine in the city is one of the best in the world.
Since most of the emirate’s population is expats, rental housing is traditionally in demand in the region.While in most European countries, annual profitability does not exceed 2-3%, in the UAE, it can reach 8-10%. On average, this figure is 5-6% and depends on the type of housing. One- or two-bedroom flats and apartments are the most profitable.
If for some reason you want to sell your home, you will have no trouble. The demand for real estate is only growing, while the development in the central regions of Dubai is declining because there is no free space. Therefore, an apartment in a sought-after community will find its buyers and, most likely, bring additional profit, since there have been price growth trends since 2020.
A property owner does not need to pay taxes either for housing or for the profit from its rent.No other country has such an investment benefit.