In recent years, interest in Dubai real estate has grown rapidly, and this concerns not only investors from the Persian Gulf countries, but also buyers from Europe, Asia, the CIS and even North America. The city, once known only as a center of tourism and business activity, has today become one of the main destinations for investing in residential and commercial real estate. What attracts thousands of buyers to the emirate and why are they buying up real estate here en masse? Luxury penthouses for sale in Dubai are now available in a convenient online mode.
Main reasons for buying
One of the main reasons is the openness of the market to foreign investors. Unlike many countries where property ownership is restricted for non-residents, Dubai has a freehold zone system where foreigners can purchase housing in full ownership. This gives buyers confidence in the safety of their investment and the right to freely dispose of their property.
High profitability also plays an important role. The rental market in Dubai is stable, and the demand for rent – especially in tourist and business areas – is not decreasing. Annual rental yields can be 6-10%, which is significantly higher than in many European countries. An additional advantage is the absence of personal income tax, including rental income.
Do not forget about economic and political stability. The Emirates demonstrate steady GDP growth, actively developing the tourism, logistics, finance and technology sectors. The government is consistently implementing reforms aimed at attracting investors and improving the conditions for doing business.
Infrastructure and quality of life are another powerful argument in favor of buying. Residential complexes offer a high level of comfort, including swimming pools, fitness centers, security, parking and landscaped areas. And a developed transport network, schools, medical institutions and shopping centers make the city convenient for permanent residence.
Migration preferences cannot be ignored. Buying real estate from a certain amount allows you to get a long-term resident visa, and with investments from $ 545,000 – a golden visa for 10 years. This opens up new opportunities for family, business and life in one of the safest and most multicultural cities in the world.
Finally, many consider buying real estate in Dubai as a way to protect their capital. In the context of global inflation, geopolitical risks and instability in other countries, owning real estate in a reliable jurisdiction becomes a way to preserve and increase your funds.