Overseas property investors often need reasons to invest in a particular country or location, to ensure that their investment will bear fruit in the long term.
Real estate can yield more profits than any other industry, but you need to choose the right property in the right location at the right time.
In Dubai, the real estate market has been on a downturn, but recent figures show a price rise of 2.5 per cent in the third quarter of 2019, and this could be the e for British overseas property investors to take advantage of lower property prices before they start to rise too much.
The Dubai real estate market often turns up lucrative and there are a few reasons for that.
The Dubai economy has been boosted in recent years, partly thanks to the government who welcome overseas investors.
So if you are interested in investing in the Dubai real estate market, here are a few good reasons to go ahead.
Before investing into any real estate, it’s imperative to consider the economy of the city you’re looking to invest in. If the studies indicate that the specific region is going to have continuous growth, you can go ahead and invest. And talking about the Dubai’s Economy, stats confirm that Dubai will be having a continuous economic boost in the years ahead.
No Property Taxes
It’s one of the great things about Dubai Real Estate. Government regulation and transparency have always been driving investors into the ever-changing Dubai real estate landscape. The great initiatives taken by the Dubai government is the mortgage cap of 75 per cent loan to value for first-time expat buyers for Real Estate less than AED 5 million.
By 2020, in time for the much awaited EXPO, there are going to be over 277,000 new jobs with a reported investment of DHM 25 Billion in the infrastructure related projects. Inevitably, Dubai is known to be an attractive, secure & stable place for big business as well as real estate investors. Being a smart city, Dubai is up for being at the forefront of technology with transportation solutions such as hyper-loop and driverless vehicles. The government is also highly concerned about the ‘Happiness’ initiative. Perhaps that’s the reason why it’s focusing on the happiness of both the expats as well as the locals.
For the obvious reasons, good infrastructure makes life much easier. Having all the requirements fulfilled at high standards, the Dubai’s infrastructure is excellent. Dubai has got everything that’s required to have a better infrastructure like great buildings, hospitals, schools and transportation systems, tram, outstanding roads and 12 lane highways etc.
Variety of Options for all Budgets
For any investment, you need a good amount of money. When it’s about investing in Dubai property, it’s going to be no different. But what’s good about it is that you have different options to choose from depending on your budget.
In case you aren’t willing to invest in existing real estate, you can consider the off-plan property options. Don’t forget to check out some useful off plan properties tips to take the right decision. In off plan, you can get a wide range from the luxury mansion or a penthouse to an affordable studio apartment.
These options turn out to be encouraging for the investor to choose from different properties to invest in. Depending on your budget, you can check out the different off-plan properties, and you’ll most likely find a suitable property. And another great thing, you’ll have different payment plans to choose from.
Whatever reasons you have for choosing Dubai property investment, always do your homework.