Real estate investment in Dubai
[edit] Introduction
The emirate of Dubai in the United Arab Emirates is one of the largest hubs for business, entertainment and tourism. The metropolitan haven is a magnet for expatriates looking to run businesses whilst enjoying life in an urban setting.
These are some of the reasons for Dubai's popularity as a real estate investment option:
Absence of property tax. Ordinarily, investing in commercial real estate and getting a loan is accompanied by a significant property tax. The United Arab Emirates offers the opportunity of purchasing property free of this property tax, automatically cutting costs on an initial property investment.
Residence visa. A major benefit of purchasing an off plan property in Dubai is the residence visa. Purchasing properties valuing AED 1 million and above enables the investor to qualify for a residence visa. A residence visa will allow the investor unlimited entry into the United Arab Emirates, ensuring ease of secondary real estate investment properties.
Leisure hub. Dubai is one of the most frequently visited tourist destinations in the world. Dubai is also one of the premium shopping hubs in the world.
Weather. The emirate of Dubai offers the combination of the warm backdrop of a middle eastern desert, coupled with all of the amenities and luxuries of a modern-day city. The warm heat of Dubai attracts residents and secondary property investors alike to experience the sandy beaches from the comfort of a luxury holiday home to real estate rental property investing.
Infrastructure. The skyline of Dubai is adorned with magnificent skyscrapers, with the Burj Khalifa at the heart of it. It includes buildings designed by some of the best architects in the world and showcases impressive heights of world-renowned infrastructure.
Ease of conducting business. The emirate of Dubai is ranked as one of the top cities in the world for the ease of conducting business. This ranking is based on key considerations such as the process of business establishment and the convenience of permits. The organisation of free zones within the city encourages trade and boosts the economy of the country.
Tolerance. The city of Dubai is a welcoming and tolerant place. The multicultural nature of the country allows for residents to live in harmony and peace whilst simultaneously sharing cultures through numerous restaurants and festivals. This tolerance, combined with the low crime rates ensures that Dubai is an extremely popular place to reside.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
CIOB launches global mental health survey
To address the silent mental health crisis in construction.
New categories in sustainability, health and safety, and emerging talent.
Key takeaways from the BSRIA Briefing 2024
Not just waiting for Net Zero, but driving it.
The ISO answer to what is a digital twin
Talking about digital twins in a more consistent manner.
Top tips and risks to look out for.
New Code of Practice for fire and escape door hardware
Published by GAI and DHF.
Retrofit of Buildings, a CIOB Technical Publication
Pertinent technical issues, retrofit measures and the roles involved.
New alliance will tackle skills shortage in greater Manchester
The pioneering Electrotechnical Training and Careers Alliance.
Drone data at the edge: three steps to better AI insights
Offering greater accuracy and quicker access to insights.
From fit-out to higher-risk buildings.
Heritage conservation in Calgary
The triple bottom line.
College of West Anglia apprentice wins SkillELECTRIC gold.
Scottish government launch delivery plan
To strengthen planning and tackle the housing emergency.
How people react in ways which tend to restore their comfort.
Comfort is a crucial missing piece of the puzzle.
ECA launches Recharging Electrical Skills Charter in Wales
Best solutions for the industry and electrical skills in Wales.
New homebuilding skills hub launch and industry response
Working with CITB and NHBC to launch fast track training.