If one played with the notion of the benefits of purchasing properties in Dubai and then compared the advantages and disadvantages, it would take quite a long way. Below is a blueprint of the many benefits of purchasing a property in Dubai.
So, what’s the most significant benefit of buying properties in Dubai? According to World Population Review, the population of Dubai is growing by 10.7 percent yearly. This is what makes Dubai one of the fastest-growing cities around the globe.
The population growth in Dubai is staggering. From 2008 until 2018, there was an increase of 86% in the number of people living there.
Advantages of Investing and Buying Property in Dubai
1. Consistently Growing Population
If you were the owner of a Dubai Real Estate investment in a town that is primarily abandoned and people are moving to other areas, could that property generate any money for you? Dubai is a cosmopolitan metropolis with people from over 200 countries, so the city’s population is increasing daily.
2. Secure Living
The Emirate of Dubai is considered one of the most secure areas to live in, perfect for families that want to call the city home. The internet-based Al Ameen Service, which enables residents to report crimes in complete anonymity, and Smart Police Stations, are just a few examples of how the city can keep residents safe.
3. Tax-Free Income
What number of countries in the world do you think that the entire amount you earn can be spent on your behalf?
4. High Quality of Living
Do you want to drive a Porsche? Or dine on the world’s highest tower? The lifestyle that Dubai offers Dubai is luxurious. Furthermore, Dubai isn’t all about skyscrapers and malls. From skiing, diving, and snowboarding to biking, fishing, golfing, windsurfing, and water-based sports Dubai offer all kinds of things you could think of throughout the year.
5. World-class infrastructure
Dubai has the infrastructure you would want from a top-of-the-line business center. The government has launched free zones, which serve as hubs for business in areas like Jebel Ali, and Media City to attract foreign entrepreneurs.
6. Rent yields and competitive prices
Benefits of Investing in Real Estate are much higher than those offered in popular cities such as London and New York. Select the best agent; choose the best Dubai property, and owning a home can be a delightful experience. Recent research also shows Dubai as one of the cities that is the least affordable city to buy homes compared to major international hubs like London, New York, Hong Kong, Paris, and Singapore.
There are many Properties for Sale in Dubai. The Dubai property market has many lucrative investments for people looking to buy a home in Dubai. To identify investments that will yield the highest ROI, you should look at the most lucrative types of assets available in Dubai. Although there are certain benefits of investing in property in Dubai, one major disadvantage must be considered.
The initial cost associated with buying a property can be pretty costly. The required DLD (Dubai Land Development) fee, which is 4% of the property’s value, has to be paid by the seller to the developer. In addition, the cost of giving a Title Deed and administration fee is due in advance.