If you are the kind of person who is keen to invest in properties, Dubai is the place for you. Ask around, and check in with the top investment companies; you will get similar answers from all; Dubai is the best city to invest in property. Whether you are seeking long-term or short-term investment plans, Dubai will help you get double or even triple ROI. Dubai has become the hub of investment as it is the most densely populated city in UAE. However, before investing in Dubai, you need to explore the waters a bit, here is why and when you should invest in Dubai.
Why Is It Beneficial To Make An Investment In Dubai?
When looking at stats, real estate looks like the most amazing prospect. Looking at the promised ROI and success rate, you will feel that this is it, and you can’t go wrong. However, this isn’t the case. Before you invest in real estate, you need to know both the market as the risks. For a green investor investing in Dubai, you will need a professional broker by your side while buying an apartment in Dubai, high a top-notch investing company, and reply on their experience. You can learn from them, and later, when you feel confident, you can start investing on your own.
Here are a few reasons why we say Dubai is the best place to invest in.
Higher Roi:
Compared to any other real estate market globally, Dubai is the most profitable, and these aren’t just words. You can get 8% to 12% gross ROI by investing in the right area at the right time, did you know? Now only this, it’s also the hub of investors as well as foreign buyers, so your investment will always stay hot.
Ideal Property Prices:
What’s the point of buying a property that’s too expensive? No good, right? Well, investing in Dubai, you get the best prices. It is by far the most affordable city in the UAE regarding investments and capital gain. Property rates per square foot in Dubai are lower than some of the top real estate cities of the world; this is the reason why prime real estate is so easily affordable in Dubai.
Residence Visa:
Long gone is the time when Dubai didn’t offer residence visas, the rules have changed, and with it, the real estate game has also changed. Now, if you own or invest in properties that are over AED 1 million, you will get a 2-year residency visa. The new laws make investing in Dubai even more tempting than it was before. Similarly, you get a 5-year visa on owning property over AED 5 million and a 10-year residency Visa if your property is worth over AED 10 million.
Investment In Dubai: Is This A Good Time?
Keeping in mind the recent pandemic, the world is just beginning to come to terms with the change. The impact of COVID-19 on the global economy can’t be denied. All this makes one think if this is a good time to invest in Dubai, the answer is yes, it is! Why do we say it with such enthusiasm? Well, let’s look at the facts.
Here’s the thing, the whole point of a successful investment is to buy low and sell high, and as per the pandemic situation, the prices have gone low. But even if they don’t come up for, say, another year, you can hold on to your investment and wait. Property investment is a slow-paced game, and to master the game, you will need to let go of your panic button.
Time and again, history has shown us that when crises strike, things go wobbly, but as soon as it all settles down, the rate and prices go up again. And that is when you strike the hammer hard. According to this logic, Dubai real estate is on the verge of getting back on its feet, the recovery phase will be fast, and hence the investments will become gold mines soon enough.
Specifications To Consider When Buying In Dubai:
Buying an investment property should be more important than even buying your own place. Imagine how you would scrutinize the area, location, surroundings, crime rate, and property when purchasing your own home. Now double this scrutiny; this is how much attention one should pay while buying an investment property as it will be your bread and butter.
Unlike your residential property, your investment will get you a high ROI, which is the ultimate goal. Here are some key factors that any investor should consider before taking the leap of faith. If you are new in the market and aren’t aware of the ropes, it’s better to hire a company or a real estate agent to do all the dirty work for you.
- Location (A Prime location is one of the most important factors when investing in real estate. A family-friendly neighborhood allows pets, had a low crime rate and has all the basic amenities, which is what a prime location is all about.
- Size (Size matters according to the kind of audience you want to attract)
- Quality (A well-built and furnished home in Dubai attracts better clients)
- Views (Dubai is all about glamor, and you can’t rule out the spectacular views that most areas in Dubai have to offer)
Apart from the above mentions, market condition, interest rate as well as the cost of maintaining the property are also important factors when buying an investment property.
Popular ideas to invest in Dubai:
According to the market conditions, it’s a profitable time to invest in Dubai. Here are the many popular areas that are bound to get substantial ROI.
- Jumeirah Village Circle
- Dubai Sports City
- Downtown Dubai
- Business Bay:
- Dubai Marina:
All these abovementioned areas are in prime locations; they are the hub of activities, entertainment, and tourist attractions. Apart from that, all these areas are well-connected to all the other important parts of Dubai.
Bottom Line:
Investing in Dubai isn’t a small decision. It does take a lot of thinking; however, with the right guidance and a professional real estate agent on board, you can’t go wrong with your investment.
