The benefits of buying property in Dubai
by admin on September 29, 2020
Dubai is one of the fastest-growing cities in the world. The metropolis boasts impeccable roads and communications infrastructure and ambitious projects such as the palm-shaped island Jumeirah, the ambitious Expo 2020, or its state of the art real estate. Homes in Dubai range from luxurious apartments in futuristic districts to welcoming villas in friendly neighborhoods surrounded by loads of greenery and animal life. All these are regarded as top benefits of buying property in Dubai.
Regarded from whichever vantage point, Dubai has become one of the top destinations for investors worldwide. This ever-developing city is growing at a fast pace. Therefore, a good investor should keep Dubai on their mind when making the cards for their bet on the real estate market.
Here are some of the benefits of buying property in Dubai:
The highest yielding rent in the world
First off, Dubai offers the highest gross rental yields for investments. Around 8% and more, a lot higher than the rate from some of the busiest business centers in the world. The yields are less than 3% in London, Singapore, Hong Kong, and Mumbai and less than 5% in New York, Kuala Lumpur and Karachi.
Dubai is one of the most affordable premium locations in the world
Secondly, Dubai is actually an affordable top location. According to Knight Frank’s report for 2019, luxury properties in Dubai are cheaper than in other comparable cities in the world. Buyers can choose from furnished apartments in the city’s most posh hotspots or lavish villas and penthouses in the most serene districts. All of these are comparable to New York, Hong Kong, London, and Singapore, another benefit of buying a property in Dubai.
Potential for long-term capital growth
Furthermore, buying a property in Dubai is one of the wisest financial moves one can make. Owning an apartment in Dubai as a long-term investment can generate high returns. The prices of properties in the emirate are expected to catch up with the prices in counterpart cities in Europe and Far East Asia.
Safety and stability are some major benefits of buying property in Dubai
Lastly, a major advantage the UAE city holds over other premium locations in the world is the degree of safety. The country is famous for being one of the safest places in the Middle-East. Dubai has a raise happiness index, which makes it one of the best candidates when a family of ex-pats chooses to relocate.
