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Three reasons to buy a property in Dubai

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#realestate #residential #condominiums #luxuryliving
Published
04/08/2022

An increasing number of foreigners are choosing foreign real estate as an investment. The UAE remains one of the leading countries in this direction. Dubai, the largest metropolis of the state and the world, attracts not only investors. More than 80% of the city's population are expats. Therefore, real estate here is attractive as a permanent residence move. The market offers a variety of housing options: from ready-made residential projects, such as DAMAC Towers, to projects under construction. Dubai is actively expanding and developing its internal infrastructure, so you can still have time to buy an apartment or villa in most of the prestigious areas. As demand increases, which has been observed since 2021, the number of offers will decrease. Why is it worth buying a property in the UAE without delay?

Noticeable increase in prices and capitalization of apartments

In 2021, the Dubai real estate market has shown stunning results. If with the beginning of the pandemic, the demand for real estate decreased due to the closure of borders, then in 2021 the interest of foreign investors was fully restored:

  • If previously studio apartments and one-bedroom apartments were in the greatest demand, now buyers have begun to purchase more spacious objects. The pandemic has made its own adjustments to the perception of the quality of life. This led to an increase in prices not only for apartments, but also for villas.
  • On average, the cost per square meter jumped to USD 5,000, which in some areas gave an increase in the value of real estate by 20% or more.

According to analysts' forecasts, the situation will continue in 2022 and price growth will continue, so it is more profitable to invest in real estate without waiting for further price increases.

High standard of living in Dubai

Megapolis is ideal for moving to permanent residence:

  • There is practically no crime in the city. Strict norms of the law make living safe.
  • The Emirate has comfortable climatic conditions. You can forget about slush and cold and swim in the sea all year round.
  • Medicine and education are at a high level. This is important both for families with children and for pensioners.

Profitability of investments

Apartments in Dubai have a high profitability ratio. It can reach 5-8%, depending on the specific property and its location. For comparison, in cities such as London and New York, this figure barely reaches 3%. It is also important to take into account that there are no taxes on real estate and personal income in the United Arab Emirates. Therefore, the apartment can be rented legally and receive a net profit. You don't even need to come to the country for this. Many management companies offer a trust management of real estate, including the supervision of the housing stock and the search for renters.

Our assistance in buying apartments in Dubai

Emirates.Estate presents an extensive database of real estate from developers and local real estate agencies. Besides, you can find analytical information about the state of the market and get answers to questions about its purchase, moving to permanent residence, obtaining a residence permit.

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