Top 8 Reasons to Invest in Dubai Real Estate

Why invest in Dubai Real Estate?

Numerous professionals with in-depth knowledge of the Dubai real estate market have mentioned its apparent revival. Yes, there was a noticeable increase in residential sales during June, July, and August in 2019. According to the Khaleej Times, residential real estate transactions in Dubai are at an all-time high. The quantity and the value of real estate assets attest to the revival.

According to the most recent statistics, there has been a 33.46 percent growth since last year. According to data gathered by Data Finder, there were approximately 6618 residential deals in Dubai in 2018. This year, there were 8,833 sales in total. There are numerous other reasons to invest in Dubai real estate. Contact Kiltons if you want to get a real estate license in Dubai. We will advise you on the best action in the real estate industry.

Increase In Real Estate Value

Experts have also pointed to Dubai World Expo 2020 as having significantly impacted the recent resurgence of Dubai real estate.

Regarding real estate value, the second half 2018 saw transactions totaling AED 12.58 billion. Twenty-nine transactions totaled AED14.94 billion, an increase of AED2 billion or more.

The Dubai World Expo 2020 countdown is set to begin in October 2019. The six-month mega-event is scheduled to start in October of next year. And the most recent statistics show hope.

The consensus among real estate experts in Dubai is that the market has shifted in the buyer's favor. The government deserves praise for taking prompt, proactive action regarding price regulation.

8 Benefits of Investing in Real Estate in Dubai

The top 8 reasons to invest in Dubai real estate are listed below.

1. Innovation Scope

Dubai is a well-equipped innovation hub with a thriving, developed infrastructure. Recently, Dubai has seen an increase in the number of tech-related professionals arriving worldwide. The Department of Economic Development released a report on the licenses issued in June 2019, which is interesting to read. A professional request made up 58% of the total number of claims.

2. Diversified, growing economy

Dubai's economy is diversified. Dubai generates income from various industries, including logistics, tourism, retail, wholesale, and conventional oil and natural gas. The overall development of Dubai would be significantly aided by tourism and the Dubai Expo 2020.

3. Diversity in society

Expats from all over the world prosper and settle in Dubai, which is known as an expat haven. Therefore, as the population grows, so does the demand for real estate and apartments for rent—the need for real estate increases as the inflow increases.

4. Low rates of crime

Thanks to the stringent security and safety rules and regulations. Dubai's low crime rate and stable living conditions can be seen in the willingness of foreign investors and job seekers to relocate there.

5. Exemption from property taxes

Taxes on real estate do not apply to investors. This is a convincing argument in favor of buying Dubai real estate.

6. Expo 2020 in Dubai

The six-month-long, global mega-event will begin in October 2020. Twenty-five million visitors are anticipated for the Dubai Expo, of which 70% are expected to be from outside the country. According to EY, the event is expected to contribute roughly 1.5% of the UAE's GDP. Many foreign companies would participate in the event. Additionally, there are numerous needs for both residential and office space.

7. A variety of housing options

Real estate investors have numerous options. Depending on their needs, they can purchase commercial or residential property.

8. No-hassle Visa

If you adhere to the suggested guidelines and instructions, getting your visa documents approved will be simple. Investor visas, residency visas, and other types of tickets can be quickly supported.

These are the eight benefits of purchasing property in Dubai. Do not hesitate to call us if you have any real estate plans. Our business setup consultants in Dubai have the knowledge and resources to assist you whether you need a question answered, advice, or legal counsel.