Real Estate in Dubai: What to Expect and Why You Should Invest in Dubai Property?
Lately, the global city of Dubai has transformed into a magnet for businesses and investors. It is now a hot-spot in the global real estate market. If you’re on the lookout for a luxurious yet lucrative property investment ideas, Dubai offers an impressive range of choices – luxury properties, elegant villas & townhouses, modern apartments and so much more!
In today’s guide about Dubai real estate, we will tell you all the cool perks of investing in Dubai and provide details about the different types of properties & free zones for foreigners. Not only that, we will also share insights about the much demanded UAE Golden Visa.
Why Invest in Dubai?
First things first, let’s talk about the big “Why.” Why should you consider investing your hard-earned cash into Dubai’s real estate market? Well, hold on tight, because the list is impressive!
- Unlimited Tax Benefits:
You will always want a place where you can invest without worrying about those pesky taxes taking a big bite out of your profits. In Dubai, with its tax-friendly policies, you get to keep more of your earnings, making it a total win-win situation for investors and potential residents.
- Steady Appreciation:
Here’s the beauty of Dubai’s real estate – it gets better with time! Property prices in Dubai have shown steady appreciation over the years, making it a smart long-term investment choice.
- Thriving Global Hub:
Dubai is the buzzing heart of the world, attracting businesses and people from all corners of the globe. This means a constant influx of potential tenants and buyers for your property. This will definitely ensure a steady stream of income.
- Lucrative Returns on Investment (ROI):
The city’s real estate market has a reputation for offering fantastic returns on investment. The potential for earning great ROI here is exceptionally high. This opportunity far outstrips those available in other markets. People who invest in Dubai properties can look forward to watching their money gradually grow.
- World-Class Infrastructure:
Dubai is all about glamour, glitz and of course, grandeur and that extends to its infrastructure. It has top-notch amenities and a lifestyle that’s hard to resist. These factors contribute to the high demand for real estate in the area.
- Safety and Security:
Investing in a foreign land can sometimes feel risky, but not in Dubai! Dubai’s real estate industry is strictly regulated by RERA (Real Estate Regulatory Authority) and DLD (Dubai Land Department) This ensures a safe and secure investment environment. You can confidently make your investment decisions, knowing that your interests are well-protected and your financial journey is in good hands.
Types of Properties in Dubai Available for Expats & Foreigners
Are you a non-Emirati, looking for Dubai property for sale? Here’s a list of the fantastic options waiting for you:
- Commercial Property: including stylish offices, plazas and more, for those with entrepreneurial aspirations.
- Residential property: including modern apartments, townhouses, villas, twin & standalone villas)
- Luxury real estate – fully outfitted, stunningly opulent residential units residential units that will astonish your eyes
What Areas can expats buy property in Dubai?
If you’re a foreigner, you can own above mentioned properties in special areas of Dubai called “freezones.” These areas are designated by the Emirate’s government where foreigners can own properties under the freehold ownership.
These zones are strategically located and packed with the best projects developed by the UAE’s leading developers.
Some of the prominent freehold zones in Dubai are:
- Arabian Ranches
- Al- Furjan
- Downtown Dubai
- Barsha Heights
- Jumeirah Beach Residence
- Palm Jumeirah
- Dubai Marian
Related Read: The Hottest New Projects in Dubai in 2023: Don’t Miss Out
Lifestyle in Dubai:
Living in Dubai is like stepping into a real-life wonderland! Let’s dive into the highlights that make this city an irresistible choice for potential residents and expats.
Cost of Living in Dubai:
Cost of living in Dubai is generally lower than other competitor cities like London or New York. Renting in Dubai will vary depending on the neighborhood as well as the facilities such as gyms, swimming pools and much more. Overall the cost of living is quite affordable and there are some great deals to be snapped up if you know where to look.
The taxes on property in Dubai are also fairly low, making it an attractive option for investors and property owners.
Facilities and Amenities in Dubai:
Dubai is all about convenience and you’ll find that every step you take leads to a world of facilities and amenities. Here you will find ultra-modern public transport, top-notch healthcare or world-class education options for your little ones.
Dubai is a city that takes care of its residents. Government here ensures you have everything you need right at your fingertips.
Entertainment Options in Dubai:
Dubai is a playground of thrilling entertainment and adventure options. Here you can enjoy skydiving over the iconic Palm Jumeirah and explore breathtaking desert safaris. After that, when you need a break from all the thrill, you can relax at glamorous beach clubs or experience Dubai’s vibrant nightlife.
You might also like: 5 Unique Places to Visit in Dubai In 2023
Types of Visas in Dubai:
Here’s the list of some of the visas available:
- Student Visa
- Work Visa
- Freelance Visa
- Family Visa
- Investor Visa
- Golden Visa UAE
Believe us, the Golden Visa UAE or Dubai Golden visa is the jackpot of all visas! With this special visa, you get the golden opportunity to live and work in Dubai for a whopping 10 years, and guess what? You don’t even need a sponsor! It’s a visa that offers ultimate freedom and opens doors to a world of limitless possibilities.
Want to know more about the Dubai Golden Visa, its eligibility and requirement? Read here.
Conclusion
In conclusion, Dubai is a great location for those looking to invest in property as it offers a wealth of opportunity. Not only is the city home to world-renowned attractions; but it’s also an excellent place to live and work due to its world-class infrastructure and facilities. With its relatively stable economy and growing population, investing in real estate in Dubai is definitely worth giving a shot.
Connect with Aeon & Trisl, Dubai’s award winning and highly acclaimed luxury real estate agency, to find the perfect property. Be it a search for Dubai house for sale, investment property, apartment or a luxury villa, our accomplished and experienced professionals and consultants can help you to identify an ideal deal for you. Our two decades of expertise in the Dubai’s market, ensure that you can trust Aeon & Trisl to find the perfect real estate solution for you.
