This is not investment advice, and is for informational purposes only.
Which of the world’s cities is the most attractive for investment? Of course it’s Dubai. The city is situated on the coast of the Persian Gulf and offers investors outstanding sea views. Dubai is home to a large number of international companies, making it a consistently active property market. Dubai offers great investment opportunities and investors can expect strong investment returns.
Where to invest to?
Dubai offers limitless investment opportunities.This can be commercial or real estate, in either case, the investment will be worthwhile . Dubai has excellent infrastructure, especially in terms of transportation throughout the city. This means that investors can easily reach the properties they are investing in and see them before buying.
If we’re talking about transportation in Dubai – you’ll be surprised by the amount of luxury cars in town. This is not only due to the high level of earnings of city residents, but also due to the availability of car rental services.
Any resident or guest of the city has the opportunity to rent a supercar. Visiting lamborghini rental dubai is the only thing that any city visitor can do: the rest is up to hiring shop managers. Renting even the greatest lamborghini aventador has never been so easy. That’s why this is a truly popular service.
Why Investments in Dubai property so profitable?
The investor only needs to pay property registration tax, and there are no other taxes.
Compared to Hong Kong, where the annual property tax can be up to 15 percent of the value of the purchased property, Dubai becomes one of the best places to invest.
Among other things, the cost of real estate in Dubai is much lower than the cost of real estate in other economically active cities, and the payback period is much lower. It is also worth noting that by investing in Dubai property from AED 1,000,000, the investor qualifies for a UAE residency visa!
Costs incurred by the Investor
Each property owner is required to pay for the maintenance of the common areas in a timely manner. These costs are usually known as community fees. Please note: A specific amount is allocated by the Dubai Land Department and all payment processes are monitored by a special organization. Utility payments include the cost of security, garbage disposal, lighting, repairs and cleaning, maintenance of main and additional facilities such as gym, pool, etc.. This kind of payment also includes property insurance.
The amount of such payments will vary based on several factors: the location of the property, the cost of maintaining the infrastructure, and the availability of additional facilities.
Conclusion
We would like to conclude by saying that buying property in Dubai offers many advantages. Dubai has an excellent quality of life, an attractive climate and a large number of tourist sites, as well as a safe and stable political environment. Dubai also has a very well-developed infrastructure and there are advantageous tax offers that attract a lot of foreign investors. By investing in real estate in Dubai, investors can expect profitability and a rapid return on their investment. As it is expected that prices could drop a bit in the near future and it would be an ideal opportunity to take advantage of the lower prices and invest in Dubai real estate. The market has the potential for a high return on investment due to the lack of taxes associated with capital gains, property valuations, salaries and rental income. Many entrepreneurs come to Dubai for this comfortable tax regime, and partners and employees come after them. This is a qualitatively new wave of immigration to the region, these people are like magnets, attracting new strong people to Dubai.
