Why does the emirate attract so many foreign investors?
For ages, Dubai has always been considered the embodiment of pure luxury, for more than one. Already at first glance, it offers a picturesque landscape. Architectures are worthy of oriental fairy tales. In Dubai, grandeur and luxury combine to offer an attractive landscape to foreigners. It is very important to emphasize that the attractive aspect is only the tip of the iceberg. The masterminds of this Emirate, a dream world, have several tricks up their sleeves as advantages to seduce any potential investor. Dubai, the city of all hauntings and desires, is a springboard conducive to business.
Among other things, it offers a booming economy, monetary stability, growth prospects, and a strong position on the world stage. The United Arab Emirates is indeed generally recognized as one of the most stable countries politically and economically. Because this city is not subject to disruptions related to major political negotiations. A very stable economy that has built its power thanks to oil. When the political and economic environment is stable, investors are more confident. Because there is a comfortable climate for doing business thanks to Dubai’s legislation, which is very focused on foreign investors and entrepreneurs. It should also be noted that life is safe in Dubai and the city is very developed, both in terms of infrastructure and technology. The architecture of the buildings captivates more than one. Some skyscrapers defy human intelligence.
The Benefits of Investing in Real Estate in Dubai
Investing in real estate in Dubai is not only profitable but also convenient for everyone. Also, it is not at all necessary to be wealthy to buy an apartment in Dubai. There are several conditions available to investors. Regardless of your budget, you have the opportunity to safely enter the real estate market with $100-150 thousand.
The new owner also has the latitude to define a plan for a staggered payment. Aware of the interest that Dubai represents as a destination, the authorities have reduced administrative hassles. Thus, all the purchasing and registration processes are extremely simplified: the remote conclusion of transactions, and the negotiation and signing of contracts, are allowed. In a word, the process has become digital, thus relieving investors.
How to invest in real estate in Dubai the right way
You are wondering how to invest in the real estate sector in Dubai in the right way. Know that the average amount for this investment is around 300 thousand dollars. But remember that the choice depends on the areas and the objective of the intended purchase. Note that in the business districts, and the area of shopping centers located in the heart of the city with its restaurants and attractions such as the Burj Khalifa and the Dubai Mall, will be more popular. Those who work in office towers usually buy in these places. If you are planning to buy a property in Dubai, in one of the upscale and well-known areas of Palm Jumeirah to live there, do not hesitate to get started. We can confirm that this is an area suitable for housing. The proximity of the beach and the absence of noisy business centers, in particular, attract investors.
Let us emphasize that, in general, the transactions are standard SWIFT transfers. It is very reliable, and secured by the payer’s account to the developer’s escrow account in the name of the project. What makes the payment method secure is the use of an escrow account. The escrow account receives the funds of the transaction and keeps them for a given period. It helps to secure the funds until the sale is concluded. All stakeholders, in this case the buyer, are well protected through these escrow account measures. A very determining and very stimulating factor in real estate investment in Dubai.
Interesting investment bonus
Investing in real estate in Dubai with the average amount automatically entitles you to a residence permit in the UAE.
Thus, the investor and his close relatives receive authorization as soon as they purchase a property in Dubai or another emirate whose value is 750,000 AED – approximately 204,000 dollars. With such a residence visa, the investor and his family have the opportunity to live in one of the richest and most developed countries in the world. To obtain this precious sesame that is the visa, it is necessary to create a company. The visa allows you to open a bank account and access the purchase of goods, services, and facilities.
Conclusion
To summarize, we can say that Dubai offers rental profits higher than many other cities in the world. The minimum rental profitability threshold is 5% and the average is 8% in residential areas such as Jumeirah Village Circle. Becoming a property owner in Dubai gives you and your family a resident visa. This precious sesame will open several doors for you. You have all the necessary information to invest there. But what are you waiting for to buy a property in Dubai?
