If you are planning to live in Dubai, consider the following main factors as prior to deciding to or not deciding to purchase a property in Dubai.
This is the most important factor to keep in mind prior to investing in any business be it real estate or something else. The economy of any country determines the future landscape where companies see their position in terms of profit, return, taxes and expansion. If you are determined to invest in the property line in a foreign country, we would suggest you to give due consideration to the economic growth of that particular region and check whether economic indicators are going up or down. Look at the growth graph before putting your money into the investment.
Time and again, Dubai has proved that its economy is stable and it is moving in the smooth direction. Undeniably, like other countries, Dubai too saw ups and downs in its economy and the most recent ones are the crises resulted due to the COVID-19 pandemic, but the government finally nailed down the hurdles and now economy is robust. This time too, it has successfully come out of financial crisis and rapidly recovering. Facts and figures show that Dubai’s economy is growing at the fastest rate in the world. This is the first reason why should you think of investing in real estate business in Dubai.
Innovation and Luxurious Lifestyle
From innovation in the finest architecture to transforming the desert into a smart, iconic and modern city, Dubai is the center of attraction for people and businesses around the world. People love to travel to the city, spend holidays, have fun with their friends and families and enjoy the culture. Luxurious lifestyle of people is forcing them to be a part of vibrant Dubai community. If you invest in the real estate and own some property points, you are most likely to be in an adventegous financial postion. Because you would be killing two birds with one stone i.e. living a luxurious life, as well as doing the business.
Zero Crime Rate
Across the Emirates there is total peace and tranquility. Crime rate is zero. Robbery cases are zero to none. People any time can move, do business dealings and other personal engagements freely. Everyone feels safe and secure. This is one of the key reasons why you should own property in Dubai.
If you own the property in Dubai and apply for residence visa, the government would not reject your application. Rather it would create maximum opportunities for you to be happy and enjoy your life. Residency in UAE make you eligible for enjoying many other benefits, rather just simply being a foreign investor.
Another biggest benefit of investing in real estate in Dubai is that the city’s population is growing day-by-day because people from all across the globe are coming here in search of better business and career opportunities. Many businesses are opening their head offices in Dubai. All these people and companies would need accommodation, offices to work in, hotels to have dinners, villas to have fun and other types of places to stay in them. With a high influx of people, real estate investors would be accommodating citizens of more than 150 countries. As per the report of the Dubai Statistics Centre, the population of Dubai in the year 2016 was 2.4 million and it would reach 5.2 million by 2030.
Since the early 20th century, Dubai has maintained its position as a center for regional and international trade. It’s economy banks on so many other sectors like trade, tourism, aviation, and financial services.