Eight Reasons why Dubai remains the top global choice for Real Estate Investment

Looking to invest in property but don’t know where? There is no better place than Dubai and here is why:

Security:

UAE is considered to be one of the most secure and politically stable places in the world. Last year the UAE was ranked as the second safest country in the world out of 134 countries by GLOBAL FINANCE MAGAZINE. The GALLUP Global Law and Order report last year ranked UAE as the number one country for walking at night safely.

World-class Infrastructure:

With its record-breaking skyscrapers, bustling megamalls, and high tech transport infrastructures, it is no secret that UAE one of the best infrastructures in the world.

Aviation Hub:

UAE is strategically located aviation hub with 70% of the world’s population with an 8-hour flight. Pegged as the busiest airport in the world, Dubai International Airport handled nearly 155,000 flights in the first six months of 2022, with 28 million passengers passing through, as recovery from the pandemic accelerated and travel restrictions were lifted.

A Stable Currency:

The United Arab Emirates Dirham is a stable currency pegged to the US dollar, which helps investors hedge wealth against weaker depreciating currencies.

Favourable Tax Conditions:

UAE has highly favorable tax conditions, there is tax on buying, renting or capital gains on your property; you get to keep all the profits on your investment. On the other hand, if one had to buy a property in Hong Kong, the rate would be 15% on the purchase price, 13% in Singapore, 2.33% in London, and 2.21% in New York.

Favourable Regulatory Environment:

Dubai has a strong Real Estate Regulatory Agency (RERA) that enforces and implements a strict framework of rules and regulations.

Moreover, due to its highly favorable regulatory environment for investors and business owner, it ranked 16^th out of 190 countries in “Ease of doing Business” index and 1^ST in terms of business efficiency, 2^ND in terms of Government Efficiency and 7^TH on the economic performance index.

Rental Yield:

UAE’s rental market gives roughly double the rental returns compared to other mature markets such as London, Singapore, New York or Hong Kong. Projects under construction have given 20-30% capital gains on average.

Moreover, the cost of buildings in Dubai (as of 2022) is only $315 per square foot compared to London at $1185, Hong Kong at $2000, Singapore at $1730 and New York at $1319.

City	Average Rental Yield (Global Property Report)
Dubai	5.8%
London	3.21%
Singapore	2.83%
New York	3.91%
Hong Kong	2.82%
India	2.2%

Investor Visa:

More recently, new visa laws that link long term residence in the UAE to property investment have garnered worldwide attention, causing increased capital flows to UAE’s real estate sector.

3 Years Residence Visa : Investment of AED 750,000 or more in freehold properties.
5 Years Residence Visa :Investment of AED 2 million or more in freehold properties.
10 Years Retirement Residence Visa : Applicable to people aged 55 and older.Investments or savings worth AED 1 million or proof of income of AED 20,000 per month.
10 Years Golden Visa: Investments of AED 10 million or more in public investments. Investments must be held and not sold for at least 3 years.

All these factors make Dubai the number one choice for those looking for high-yielding investments as well as a long-term home to retire.

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