Dubai is known for its luxurious lifestyle, thriving economy, and spectacular tall buildings. Dubai is not only known for it’s big shopping malls and complexes, but also for the rich heritage the country has. This attracts people from all over the world to live in this extravagant beautiful place and today, they’re willing to invest in their real estate for all the good reasons. In this article, we will be discussing various areas of investing in real estate in Dubai. Keep reading!
Is it a good time to invest in Dubai real estate?
Well, the answer is a big YES! According to the very famous in the industry of real estate Lewis Allsopp of Allsopp & Allsopp, this is the best time to invest in Dubai as the prices are going up ang up. There has been a good rise in the sales since Q1 and Q2, wherein 12 percent sales rose up in Q1 and 25 percent was seen in Q2.
Dubai Real estate market forecast 2023
With significant growth seen every year in Dubai, the market is expected only to flourish and go up from now. It is expected that the prices will go 20-25 percent up every year. With the kind of trend that has been seen, the experts in the real estate markets are sure of investing in property now.
Benefits of investing in real estate in Dubai
The biggest benefit which would make you more sure about this is the tax-free investment. Yes, you heard right. Although VAT has recently been introduced and does not apply to residential buildings, but it’s still comparatively negligible in terms of overall costs. Other reasons as we discussed are high standards of living, good economy, high rental yields and many more.
Average ROI in Real estate in Dubai
The trends has made understand the average annual return in Dubai. It is said to be around 5-8 percent annually, making it a safest option. This place offers great rental yields, as investors can achieve around 5-9 percent depending upon the location, which is a pretty good return. As a good return on investment (ROI) is what investors are looking for, Dubai is an eye-catching place for investing today.
Is it safe to invest in Dubai real estate
Investing in Dubai is a safe plan for the long-term. As the country has seen immense growth in the last 10 years, majority of the people from different countries of the world today are interested in buying property in Dubai. For the reasons like, luxurious lifestyle, tax-free investment, flourishing economy, and safest place to live in, this country is beating many records and coming on the top in the lists of safest places to invest in today.