As we have seen from numerous online sources and publications, investing is a tricky game. Some days are good and some days are bad. The market will always be changing, this is inevitable, and this can sometimes make it difficult to know when and where to invest in property.
They don’t call this place a “jewel in the desert” for nothing. In the last year, the property market in Dubai grew to a staggering 20% in 2019, so the question remains. Is buying a property in this country a good investment? We take a look at this topic and discuss it below for those who are either keen on the prospect of looking to expand their existing portfolio.
Dubai
As one of the most populated regions in the eastern part of the world, with over 3 million people this Arabian Peninsula has become undoubtedly the business and transport hub of the Persian Gulf. The fact that it is one of the richest crude oil-producing countries, has a lot to do with this.
But that’s not just it, it has also become one of the best places for property investors to buy their next piece of space and expand their portfolios. There are just over 100,000 British expatriates in Dubai, which makes up one of the largest numbers of all western countries.
Its revenues rely on multiple aspects such as the crude oil that we mentioned earlier, real estate, aviation, trade, and financial services, click here to find out more about this. As such it has strived to provide pretty much any necessary facet that would make a country on the top of the list of investment or relocation.
It has a rich culture, a thriving infrastructure, and transport system, unique and breath-taking architecture successful economy, modern and state of the art educational and healthcare facilities, what more could anyone ask for? So, why this region, we find out below.
10 Reasons Why you Should Look for A Dubai Property Investment Company
Let’s cut to the chase and list 10 more items that make this place one of the best to buy assets.
- They offer guaranteed rental returns, school fees are reduced if you buy property, payment plans, completion fees, and “rent-to-own” schemes, which help you to buy your first home https://www.money.co.uk/guides/how-does-the-rent-to-buy-scheme-work.htm, a scheme which the government offers for those who cannot afford to pay a deposit immediately.
- They are a lot more affordable than buying in other countries such as London. The next 18 months will see a more stabilized market, according to experts. This means now is the best time to buy.
- On average, if you’re buying to rent a property, you can easily yield anything up to 12% returns. London and New York will not get you that, anytime soon.
- Anything that has “Warren Buffest” seal of approval, should be one to invest in, and he is darting for this Arabian Peninsula like hot bricks. His firm has struck a deal with the Gulf Properties real estate moguls and will soon be doing a lot of buying and selling in the region.
- Dubai is proud to boast over 25 million visitors to its doors, especially at events such as the Dubai Expo. This provides tons of opportunity for first-time buyers and Dubai property investment companies from all over the world, such as Thirlmere Deacon Dubai, work with the population to try and secure decent spaces for decent prices. Having sold over 250m in these investments, in just one decade, you can’t go wrong visiting these expos.
- The reports from financial giants show that these expos will last till at least 2031 and expect to contribute AED62 billion towards the country’s economy, of which at least 27 billion will go towards construction activities.
- They have a wide choice of properties, which means there is something for everyone. You can choose from a family home to a one-bedroom apartment and even a condo.
- Luxury apartments are affordable. You can get one with an amazing panoramic view on top of a high-rise for just £170,000. Were not sure you can get anything close in the UK or USA for that price.
- In comparison to UK markets, properties in this country are 80% lower in price per square foot, now that’s a steal!
- Opportunities such as the Expo mentioned above provide buyers with great deals on the day of.
Well, there you have it, 10 fascinating and factual reasons why Dubai property should be part of your growing portfolio.