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
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.
Embodied Carbon in the Built Environment
Overview, regulations, detail calculations and much more.
Why the construction sector must embrace workplace mental health support
Let’s talk; more importantly now, than ever.
Ensuring the trustworthiness of AI systems
A key growth area, including impacts for construction.