Dubai continues to offer a wide range of options for the real estate investor. Likewise, it also continues to attract investors from every inch of the world. Here is why this city is always the first choice for every bonafide real estate investor.
1: EXPO 2020
The good news is that there is no better time than now for any investor looking to make the plunge into the market. As Dubai readies itself for “Expo 2020”, it is anticipated to bring in over 30 million visitors alone over the course of its duration which lasts from 20 October 2020 to 10 April 2021.
With that being said, these millions of visitors would be looking for accommodation and as an investor; you would be slated to making some extra cash during this time. Investing in neighbourhoods such as the Dubai Creek Harbour which offer everything that a potential guest would ever require will promise you a healthy ROI. Madinat Jumeirah living apartments is another viable option for real estate investment.
2: Tourist Attraction
But it doesn’t just stop here, Dubai hosts numerous events and tourist attractions which would continue to bring many visitors to its shores. Madinat Jumeirah living apartments is within close proximity to many attractions such as Jumeirah Beach, Mall of Emirates, Dubai Internet City and the infamous Palm Jumeirah and that’s the reason why many investors are so keen to invest in this development.
3: Nonstop Flights
This city is a major hub for airlines with nonstop flights to 210 cities. This means that you can essentially fly from most cities in the world to Dubai with ease.
4: High Rental Yields
This city offers extremely high rental yields when compared to other cities in the same calibre as Dubai. Therefore, it is safe to say that your investment would be in safe hands.
5: Tax-free
It’s also a major perk that there are no property taxes to pay once you have made your purchase. Yes, you’ll still have to make the initial payment with regards to initial fees but after you have made such payments, you’ll be able to save a substantial amount of money as property taxes would be the least of your worries.
6: Safety
Lastly, one of the main reasons why anyone would willingly invest large sums of money into any economy is due to its safe nature. This city is known for its safe nature which also attracts investors. Visitors and locals alike are more likely to rent accommodation in safe areas and the opposite is true once they are known to be unsafe. Therefore, any investment is literally safe in this city.