WHY YOU SHOULD INVEST IN DUBAI
High Rental Returns
Dubai is among a few places in the world where you can receive a high rental return for your property. To be more precise, the rental rate for properties in Dubai are usually 8% of the property price.
No Tax On Properties
Dubai is one of the few places on the plant offering 0% tax for its properties. This fact makes properties for sale in Dubai highly affordable, investing in them highly lucrative. This is why investors are flocking to Dubai for investment purposes.
It is interesting to note that properties for sale in Dubai get more valuable year by year. Average residential property prices increased by 10.9 per cent in the year to May 2022, with apartment prices rising 9.6 per cent and villa prices up 19.8 per cent, CBRE said in its latest Dubai market report.
The economy of the United Arab Emirates (or UAE) is the 5th largest in the Middle East (after Iran, Saudi Arabia, Turkey, and Egypt), with a gross domestic product (GDP) of US$501 billion (AED 1.84 trillion) in 2022
The business hub of the Middle East
Free trade, a low tax rate, and zero income tax have made Dubai a popular business hub and a wealthy state. Dubai is also the gateway to the East and boasts of the world’s highest international passenger flow. It is a world-renowned destination for all travelers, including the rich and famous.