Real estate in Dubai, which includes both residential and commercial stock, high-rise buildings and detached houses, the most modern complexes, is unique. Huge and tall buildings, various projects were completed in the shortest possible time. In just a few decades, the desert, which was located on the site of a modern metropolis, has become one of the most advanced cities in the world.
The experienced investors recognized the place where the site is located, which can bring a good profit.
Real estate buyers from all over the world rushed here.
Today, experts name the main reasons why American, European, Asian and other capital investors make investments in Dubai facilities.
According to them, it makes no sense to single out one reason. So, competent people who have been investing for a long time combine them into a number of factors that contribute to a good profit from owning local property. Let's understand what these reasons are and the reasons to invest money to get much more money.
- Why do I need to invest in the purchase of local housing?
- Why invest in real estate in Dubai?
- Is it profitable to invest in local objects?
- Reasons to invest in real estate here. What do people say?
- We will help you buy a villa or apartment in Dubai
First, the city has developed an image of the locality where nothing is impossible.
The very word "Dubai" is associated with a high standard of living and the rapid development of the market.
In addition, there are no taxes for most areas of activity (which is very important for businessmen), there is a tempting climate (the bathing season lasts all year round), an incredibly developed resort infrastructure. Among other things, property owners have excellent rental income, and those who are engaged in resale also see high profits.
Secondly, the adoption of the law on real estate (the law says that citizens of other states can acquire objects together with the right to dispose of them at their own discretion: sell, give, inherit, rent, and so on) it also helps to attract buyers to the city. The main thing to remember is that there are zones in the metropolis where foreign citizens can buy housing (freehold territories), and there are places/residential complexes where you can only rent a room for a long period (maximum for 99 years). In the second case, it is not necessary for you to live in the apartment for the entire period, because the housing can be rented to another person. Mostly developers rent villas and apartments for such a period, not individuals.
The law gives investors a sense of security and confidence in the future, because they know that they are dealing with their property and have the right to do with it whatever they want.
The fourth advantage for buyers is the absence of property taxes. However, there is a fee for registering the object with the state agency that deals with such transactions.
Fifth, if Dubai is so developed at the present time (ahead of many cities in the world), it does not mean that it has reached its limit. On the contrary, the market is successfully developing further, many projects appear and are being implemented here. The fact that the market is growing with the level of development of the metropolis, says the capital gain of 10% per year here does not seem large, while this number is a standard (10% growth and no more for most other countries is a good indicator) in the market in other localities around the world.
However, one day the cost will stop increasing and prices will be close to European ones.
Sixth, the city is not only a tourist center, but also a financial and commercial center. A huge number of organizations, including international corporations and financial institutions, are open and work here.
The authorities of the UAE and Dubai in particular are trying to attract global business to the territory of the Emirates, for example, Internet City and Media City are already concentrated here. A large economic recovery contributes to an increase in the local population. According to the forecasts of experts in this field, it will become twice as large in the next 10 years. Many new buildings in the city will be much more popular and in demand than now.
In addition, leaseback schemes are particularly convenient for investors, when an object is purchased and then re-leased to the seller.
This is very comfortable, especially when the residential complex is managed by a hotel operator.
The seventh reason lies in the comparison of the local market with the markets of Western European countries (for example, France and Spain).
Another reason (eighth) to invest in local apartments. It is in Dubai that there is a district that has become one of the most famous in the whole world. It is the first artificially created island in Dubai. We are talking about the Palm Jumeirah.
The best view from the windows is only for the sake of it, citizens of different countries take housing here.
Many people who have visited the city at least once, like not only the high standard of living here, but the combination of original culture and the development of the modern country, as well as the fact that a huge number of nationalities, representatives of all countries of the world, people of different religious views live on the same territory.
Mikhail, Tyumen (the presence of the sea, the ninth reason.
"For the first time, we came here on vacation with our family. In Tyumen, there is no sea, and here, in addition to it, there is also excellent weather, which allows you to spend time on the beach from morning to evening, sunbathe and swim. After the first trip, we decided that we needed to move. We did not sell the apartment in Tyumen, and thought, let there be housing in Russia and in the UAE. In Dubai, we bought a two-room apartment. We live here and we are very happy. Seeing that people comea here and buy cottages and apartments, I decided to invest in the purchase of the object for resale. I tried it once, and it turned out to make good money. I'm currently looking for another object. I think it will work this time, too."
Ramil, Kazakhstan (convenience of doing business, the opportunity to develop your company, the tenth reason.
"I run my own business. Why did you decide to buy a house in Dubai? Because before buying a property, I was in this city many times as an entrepreneur, I came to business meetings. There are business partner organizations here. Now, I have already lived in this city for several months, and I visit Kazakhstan part of the year. I am happy that I bought an apartment, because it has become even more convenient to run my company's business. In addition, there are more partners and customers, as I began to meet and negotiate with them more often, because the market of companies in different areas is much larger here than in Kazakhstan, and in any country, probably, maybe, except for the United States, where it is developed in about the same way. I can also say that my clients are now local residents and emigrants who live here. They are richer than in some other countries, so they are willing to pay quite different amounts of money, so my company is now only thriving, which I am very happy about."
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