The real estate business in Dubai has a big market now, and a lot of people want a piece of what it has to offer. Dubai is one of the most luxurious destinations in the world, and the estate properties there are magnificent. In fact, it boasts the tallest building in the world, the Burj Khalifa among other ultramodern architectural structures.
Most of the property in Dubai range from rentals to office complexes, residential properties, commercial buildings, recreational centers and more. Dubai can also offer some of the best buildings in the UAE and the world, and that explains why a lot of people want to invest in real estate in the city.
That said, below are 3 good reasons why people are buying property in Dubai;
1. High ROI
The population in Dubai keeps on growing every day. This means that demand for property is equally increasing. A rise in the population means that more people are investing in businesses, and obviously, the demand of residential property is going high.
This is a good reason for landlords and other people to invest in property, so as to meet these demands. When the demand is high, then it means the returns on investments will be high because property owners can charge high rent rates.
2. Low crime rate
Another main reason why people are buying property in Dubai is because of the low crime rate. In a huge city like that, investors will be rushing to inject their money into real estate property because when the crime rate is low then it means that the city is generally thriving. There is no threat to customers, and tourists are guaranteed safety when they visit.
While low crime rate plays a huge role in tourism, investors seek to invest in order to meet the needs of the tourism sector. You can check these apartments for rent which are some of the best rentals in Dubai.
3. UAE property visa
If you acquire property in Dubai, then you may be eligible to earn the UAE property visa, but UAE embassy legalisation is essential. This does not mean that buying any property gives you a straight ticket to the property visa, there are requirements that you need to meet.
For instance, the value of the property you acquire should be AED 1 million and above. Also, your property should be habitable, with no mortgage against it. Once you acquire your property, you may consult with the Dubai Land Department to know if you are eligible.
Parting shot
There are many advantages of investing in the real estate market in Dubai, and some of these reasons are why a lot of people are already doing it. The economy in the city is always growing and this opens up endless opportunities in different sectors, with real estate being one of the biggest. It is a major attraction for both investors and with growing technology and innovations, the real estate market is expanding as well.
Salman is a prolific environmental writer, and has authored more than 500 articles in reputed journals, magazines and websites. He is proactively engaged in creating mass awareness on renewable energy, waste management, sustainability and conservation all over the world.
Salman can be reached on salman@cleantechloops.com
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Undoubtedly, Dubai city offers many exciting job and investment opportunities that make it a popular destination for people from all over the world.
This article provides a comprehensive guide for anyone considering buying property in Dubai, making it a valuable resource for investors. The article highlights the key factors that make Dubai an attractive destination for real estate investment, such as the city’s strong economic growth, stable political environment, and attractive tax incentives