Dubai offers a unique blend of diverse cultures, modern infrastructure, and a world of possibilities. This makes the Emirate a haven for property investors and homeowners. Buy a home in Dubai and enjoy perks such as a high ROI.
Whether you have a high budget or are looking for an affordable home, Dubai has it all. Let’s learn more about property buying in Dubai and the top 5 benefits of owning a home in the Emirate.
- Infrastructure and Quality of Life
- Tax-Free Property Buying
- High ROI and Rental Yield
- Accessibility
- The Golden Visa
- FAQs
Why You Should Buy a Home in Dubai
Dubai is a thriving hub of commercial and residential properties. It is a perfect fusion of ultra-modern lifestyle with tech innovation and cultural heritage. Investors can expect a high ROI and tax-free ownership. Want more? Let’s go through the top 5 reasons for choosing Dubai to buy a home.
1. Infrastructure and Quality of Life
Owning a home in Dubai gives exclusive access to a luxury lifestyle with amenities. If you settle in Dubai, you can expect a well-developed infrastructure, a multicultural environment, and high standards of living. The Road and Transport Authority (RTA) Dubai is revolutionising the public transportation network within the Emirate.
Amenities include modern healthcare, top Dubai shopping malls and souks, recreational spots, and fine dining options. All this is accompanied by a safe environment.
Adding to this is the high education standard with top KDHA-rated private schools in Dubai and affordable public ones. Not only this, Dubai has highly-rated universities to pursue your dream education.
All these make Dubai an ideal city in which to buy rental property, investment property, or a forever home.
2. Tax-Free Property Buying
Dubai attracts people from all over the world due to its tax-free property transactions. The Emirate has no capital gains or property taxes on residential properties. Moreover, people living in Dubai are free from income taxes, which contributes to a more stable lifestyle.
3. High ROI and Rental Yield
Whether you want to buy a property to resell it or rent it, the benefits are enticing. As a real estate investor, Dubai properties offer a high ROI and capital appreciation over time. With high-rise modern buildings, the metropolis is launching new investment projects to cater to the growing economy.
Moreover, the rental market is on the rise due to the growth of the Emirate as a tourist hub. In fact, as per statistics, a property rental yield can range between 5% to 9% depending on different factors.
4. Accessibility
The best part about buying a home in Dubai is easy accessibility. Here is how the metropolis caters to every preference:
- Whether you are an expat or a local, there is something for you.
- Dubai has lavish villas and affordable apartments to suit every budget.
- Purchasing a property in one of the bustling economies may not be possible for everyone. But the Emirate has made dreams come to reality with its flexible payment plans.
- Other than this, developers have continued to initiate new off-plan projects in Dubai.
5. The Golden Visa
Probably a stand-out feature of having a home in Dubai is the golden visa. By purchasing a property of AED 2,000,000 or more, you are eligible to apply for a 10-year renewable residency visa. You can also sponsor your family.
FAQs
Here is the list of some top areas to buy a property in Dubai:
– Dubai Marina
– Palm Jumeirah
– Damac Hills 2
– International City
– Jumeirah Lake Towers
Yes, buying a property in Dubai opens doors to opportunities. This is because of the bustling economy, strategic location, and access to properties in freehold areas.
Here is a list of top new projects to invest in Dubai:
– Creek Beach Rosewater
– Skycrest Collection
– Al Habtoor Tower
– Mallside Residences
– The Golf Residences
– The Oasis
– Downtown Dubai
– Dubai Marina
– Jumeirah Beach Residence
– Arabian Ranches
– Palm Jumeirah
– Emirates Hills
– Jumeirah Lake Towers
– Business Bay
Villas or Apartments in Dubai, this is an ongoing debate between people coming to the Emirate. However, it all depends on the preferences and needs. Usually, villas offer more facilities. But on the other hand, maintaining an apartment is less pricier in comparison.
Buying a property in Dubai is not limited to any particular time but depends on different factors. These include market conditions, type of properties and seasons.
The quality of life and property-buying benefits promise to convince you to own a home in the metropolis. Buy a home now in Dubai and open the gateway to the world of possibilities!
If you need guidance on buying property in Dubai, check out Property Finder’s blogs.
