Some time ago it was not possible for an outsider to purchase properties in Dubai UAE; however with the boom in the real estate it has become easy for foreign nationals to purchase freehold property. Currently, the Dubai real estate sector has witnessed upward trends which are supposed to even higher with advancement of time. Moreover, it is also a quite evident fact that the population in Dubai has increased considerable level as compared to a few years back. As a result of which there is a high number of expatriates. Therefore, both would-be and veteran investors across the globe are planning to invest their money in real estate sector of Dubai. Additionally, there are also many other reasons why Dubai properties sector is gaining popularity among the people such as: |
Comparatively Low prices: The property prices are also comparatively low as compared to other countries. For instance, the property prices in Dubai are only one third of property prices of UK. In addition to this, other charges such as borrowing costs are also less comparatively.
Huge growth potential: The property prices in Dubai are increasing exponentially nowadays and therefore, it is considered a best option for the real estate investors. Moreover, it is also a good option for the people who are renting into purchasing in order to avoid the inevitable rent enhancements.
Falling Mortgage prices: With the increase of mortgage options which are regularly being provided by the international as well as local institutions, the cost of borrowing has also reduced considerably. This makes Dubai cheaper to own and obviously, it is not an opportunity which an investor or any homeowner could afford to miss.
Tax free income: As similar to the borrowing costs, the tax free income is also one of the lucrative options for the investors to invest their money in Dubai properties.
Residence Visa: This is one of the most powerful options which are attracting investors from all around the world. If an individual is purchasing the properties in Dubai then visas are provided to expatriates and to their families.
No “Bad Neighborhood”: Dubai is also known for its lowest crime rate in the world and this makes every development in this area safe and is a safe place to live in.
These are some of the main reasons behind the popularity of properties in Dubai. Therefore, we can say that with the ideal location, irresistible tax benefits, high quality life it is the best option to invest in properties.
The author is a UAE businessman and owner of an advertising company, a Dubai classifieds along with the listings of Properties in Dubai and can offer affordable prices for Properties in Dubai UAE.For more information visit to:http://www.propsquare.com
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