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 Benefits Of Buying Property In Dubai

Benefits Of Buying Property In Dubai – Consistently Growing Population

If you owned a real estate property in a ghost town from where people are migrating to other places, would that property yield any revenue for you? Dubai is a cosmopolitan city where people from more than 200 different countries are residing hence the population of the city is increasing day by day.

One of the biggest benefits of buying property in Dubai is that, people from all over the world are coming here in search of better career and business opportunities. All these people need a place to stay after all, no one is going to stay in hotels for the rest of their lives, right?

So, what is the biggest benefit of buying property in Dubai? As per World Population Review, Dubai’s population is increasing at a rate of 10.7% Year on Year. This makes Dubai, one of the fastest growing cities in the world.

The growth of population in Dubai is phenomenal. From 2008 to 2018, there has been an 86% increase in population.

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Many new housing projects have already been launched in Dubai to accommodate this increasing population which bring more investment opportunities for savvy investors who want to get higher return on their investments.

Benefits Of Buying Property In Dubai – Consistent Development & Innovation

Would you rather buy property in a city where there is no more development work going on or in a city where new innovative ideas are launched every now and then? Dubai is already well on its way to become the smartest city in the world. There is always something new about Dubai and that is one of the biggest benefits of buying property in Dubai as well.

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A city where something new is happening all the time is always center of attraction for masses and when millions of people come to visit this city every year, they need a place to stay, why not your place then?

Dubai is already home to tallest building aka Burj Khalifa and now there is going to be another tower taller than the Burj as well. The innovative ideas presented and initiated by Dubai government is a healthy sign that buying property in Dubai could be the best decision of your life.

What does all this new development mean for your property investment? With all the development happening at rapid pace, there will be new shopping centers opening near your property, new roads linking to the community hence increasing the value of your Dubai property over the period of time.

Benefits Of Buying Property In Dubai – Ministry of Happiness

 

 

This might be one of the weird benefits of buying property in Dubai but it true. Yes, we have a minister of happiness in Dubai. The amazing government of Dubai is always working towards making lives of its residents better and keep them happy.

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Source: Khaleej Times

Earlier this year, a new ministry for happiness has been added to UAE’s cabinet. The main responsibility of this ministry will be to measure the happiness level of Dubai’s residents and take such actions which will enhance the lifestyle of people living in the emirates along with making them happier than ever.

With such innovation and dedication towards general public, one can only imagine how much your property investment will flourish in coming years in Dubai.

Benefits Of Buying Property In Dubai – Security

Among many benefits of buying property in Dubai, one is the sense of security that residents of Dubai enjoy. This is one of the major reasons why people find it reliable to come here in Dubai and start their new lives. While many countries in the middle east region have gone through and still going through their fair share of political disturbance, Dubai remains the most stable city in MENA region.

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We all know Dubai Police because they are prompt, helpful and drive luxury cars as well. In my 6 years of living experience in Dubai, I have never seen two people getting into a fight even during a road side accident. The common practice is to get out of the car and call the police to come and assess the damage and announce the guilty.

Theft or robbery is something which is unheard of in Dubai and this can be considered as the best of benefits of buying property in Dubai. You can leave your car’s door open in public parking and no one will dare to touch it in your absence.

So, how safe & secure is Dubai? Well, as per a latest survey conducted in UAE, more than 98% residents feel secure living and working in the country.

Benefits Of Buying Property In Dubai – Variety of Options

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When it comes to investing in Dubai’s real estate market and enjoying the benefits of buying property in Dubai, there are variety of options available to choose from. Two main categories are residential properties and commercial properties. If your plan is to invest in a residential property, you can either buy an apartment or a villa and if you want to invest in commercial real estate in Dubai, you have options ranging from offices, labor camps to industrial properties as well.

Benefits Of Buying Property In Dubai – Higher Rental Return

Did you know that rental returns in Dubai are much higher as compared to major real estate capitals in the world? The best performing areas of Dubai are generating up to 10% rental yield on average. The average rental yield in New York is only 3.91%, in London it is 3.21%, in Singapore it is 2.83% and in Hong Kong you will not get more than 2.82% rental income.

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How much yield can your Dubai Property generate? On a very conservative basis, the rental return in Dubai will be not less than 5.82% and that makes Dubai the best destination around the globe for property investors. So if you want to enjoy the benefits of buying property in Dubai, don’t forget about the higher rental income that your real estate investment will generate in Emirates of Dubai.

Benefits Of Buying Property In Dubai – No Property Tax

I know, I know you all have been waiting to hear this special benefit of buying property in Dubai and yes it is true. Can you guess how much is property tax in Dubai? There is no property tax in Dubai. Which means, once you have bought the property, paid the registration fee to Dubai Land Department, there is no other government tax to be paid against your property at all.

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This aspect alone has a great impact on the overall rental yield generated by your property in Dubai. If you were to buy property in Hong Kong, you will end up paying up to 15% annual tax on that property and the ration in Singapore will be 13%, in London it will be 2.33% and in New York it will be 2.2%. Whereas there will be 0% tax imposed on your property purchase in Dubai and that makes the choice even easier to buy property in Dubai.

So, what are you waiting for? Do you need any more convincing about the benefits of buying property in Dubai? I am here to help you realize your dream of buying your own property in Dubai and making the process hassle free.

Keep in mind that I can be reached anytime at Rami@yalladubai.com or if you would prefer to speak on the phone, call me at +971-555690064

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