Few reasons to buy property in UAE
buy property in UAE
If you are real estate investor or end users who want to buy property in the most lucrative real estate market of the world, so according to real estate experts its perfect time to invest in the realty sector of the UAE. Here are few reasons to support the statements;
High Rentals:
We all know that if we are going to buy second property, so we are not going to use it personally, however; in that case most of the buyers prefer to earn regular money through rentals. Although the real estate market is witnessing the slowdown in property prices, but still it’s one of the best region where property rentals are too high. According to data, offers rental yields in Abu Dhabi are high and its about 10 percent whereas; in Dubai the rental yields are about 8 percent, so if you will invest in the region so you will always have the option to earn money through rentals.
In present the realty market of London is most strong as here rental yields are about 4 percent. So if you are considering the fact and figures, so you can know that investment in Dubai and Abu Dhabi can be the most profitable decision of life. We will suggest you to investment in the new affordable projects to get the best rental yields in future.
Strategic Location:
If you are taking about the ports and trading, so we should not forget to mention that UAE has its own strategic location advantage. The country is in the centre of the worlds and its connected with rest of the world through best trading waters. Many people see the country as a true bridge between the East and the West. Tax free environment and location advantage on trading routes attract the business companies to set up their business unit in the country because its connecting link between East and West. Most of the businesses have their trading headquarters in Dubai and creating a good number of job opportunities for people across the globe.
Wealthy Lifestyle:
We all know that wealthy and luxurious lifestyle of the people of Dubai is famous in all around the world and its just because country provides unique and equal opportunities to all businessmen’s and skilled employees to pursuit their dreams. Apart from that Dubai is also one of the favorite destinations of tourists due to luxury lifestyle and attractive places. Unemployment rate in Dubai is about to 4 percent and its continually decreasing due to regular efforts of governments. These key takeaways have made the UAE’s most popular emirate an important business and investment centre. There are many celebrities who have their holiday homes in Dubai and those celebrities are; Brad Pitt, David Beckham, Tiger Woods and Giorgio Armani.
Well Develop Ports and Infrastructure:
In Singapore, Australia, London and the USA you will find that in these countries there are plenty of skyscrapers with impressive infrastructure, but when its comes to UAE, so you will find that in UAE skyscrapers have its own advantages. In Dubai you will find the world’s tallest buildings such as; Burj Khalifa in Downtown Dubai, Princess Tower in Dubai Marina, Princess Tower in Dubai Marina and more.
Apart from that maritime infrastructure is also much advance and well developed and second to none and comparable to that of other global cities across the world. All architects accept the fact no one other city in all over the world have transport and residential infrastructure like UAE.
Political and Economic Stability:
We all know that UAE has the status of oil-dependent economy and even then more than 70 percent of its total GDP directly comes from the non-oil sectors. In simple words we can say that this country has successfully diversified its economy to be more stable and developed. With stable economy, it always insures the great returns and security to all the foreign investors.
Country is famous for its law-and-order situation; the UAE government is capable enough to take care the concerns of all the major cities which are directly or indirectly participating in the growth of county. The rulers of all the seven emirates prefer to work in harmony and support, so when its comes to the political stability, so we can say that this concern simple go out of doors. Apart from that Dubai government is also working to make the country more safe and progressive.
Tax-Free Environment:
The UAE government provides tax-free environment to all the people no matter you are citizen of UAE or not. And it attracts many investors because here you don’t have to pay the taxes on income and property.
Expo 2020:
Dubai is one of the best places in the world to live and work and there are many events which regularly creates many job opportunities. Not only government, but even infrastructure and other sectors are also working hard to provide equal job opportunities to all job seekers.
