Is Buying Property in Dubai a Good Investment? | Sweet Home Dubai

 Is buying property in Dubai a good investment? The answer is a big YES!

Is buying a Property in Dubai an honest investment? What are the advantages of shopping for a property in Dubai? Are these the same questions that are on your mind? If yes, then you are going to get some solid buying property in Dubai's advice in this article.

Probably, every customer I meet, who wants to buy real estate in Dubai, has all the above questions on their mind. Today, I am going to address all these questions in detail, so that you can have a clear idea about buying property in Dubai process along with the perks of owning a real estate in Dubai.

Why People Buy Property?

Apart from the advice that your grandfather gave you a piece of land or a house of your own, there are many reasons why people invest in real estate. Some people save their entire life money to build their dream home. At the same time, there are people who have an abundance of wealth and feel that investing their property in real estate is the best way to keep it safe and grow it with the passage of time.

We can safely assume that people buy property as a family home, to use as a vacation home or add to their investment portfolio and make a rental income from it.

Now, consider all the above reasons regarding Dubai and find out why Buying Property in Dubai is a good investment for anyone.                  

                  

1 - Buying Property in Dubai as family home

If you are living and working in Dubai, chances are you will feel annoyed to pay high rent every year. Why not buy a property rather than renting one? The question is whether a person can easily buy a property in Dubai and make their monthly mortgage payments. The answer is yes.

If you are a salaried person and make at least Dh15,000 per month, then you are eligible to apply for a mortgage. After the 2008 market crash, mortgages on properties in Dubai had completely disappeared. However, over the years, Dubai's real estate market has matured a lot and many affordable housing projects have been launched.

When buying a property to live on your own in any part of the world, there are some things to keep in mind.

i) Family Friendly Neighborhood

When purchasing a family home, the first priority is to buy it in a city / community that is family friendly. Dubai has been a family-friendly city since the start of its development. Every community in Dubai is new and planned. In each community of Dubai, you will find public parks, super markets, vacation spots, nearby shopping malls and cinema etc.

ii) Cleanliness

Of course, the place you are going to raise a family should have a high level of cleanliness and Dubai certainly knows how to keep its streets and communities clean at all times.  For example, thousands of people use public transport on New Year's Eve and all gather in Down Town Dubai, the largest firework show of the largest building in the world, aka Burj Khalifa.  You will never find a single piece of tissue paper on the streets in the morning.

iii) Basic Infrastructures

The next thing to consider is the availability of infrastructure.  You would not like to raise a family in a city where you do not get good healthcare, educational and recreational facilities?  Dubai you've got it all. With a good spread network of medical centers, public and personal hospitals, you'll get the simplest healthcare.  Worried about your children's schooling and higher education?  Dubai has got the best schools, colleges and major international universities have also established their campuses in Dubai.

iv) Security

No doubt, Dubai is one of the safest cities to live in worldwide. The Dubai Police is famous for maintaining its law and order. Due to strict regulations, Dubai is also very safe from external threats.

2 - Buying Property in Dubai as Holiday Home

Many and many people want to buy property in Dubai to use holiday homes. The preferred destinations for such people are Palm Jumeirah, Dubai Marina, Jumeira Beach Residence and Downtown Dubai (Burj Khalifa City).

Most people around the world prefer to buy their holiday homes in Dubai as it comes with many perks.

i) Buy Property in Dubai and Get Residence Visa

An advantage of buying property in Dubai is that you can get a resident visa. The value of the property must be equal to or greater than Dh1 million to qualify for a UAE resident visa. If you're a frequent visitor to Dubai, it's always very beneficial to possess your own resident visa because it allows you unlimited entries and exits the UAE by its expiration date. The visa may be renewed at the time of expiration.

ii) No Tax on Your Dubai Property

Buying a real estate property means that you will have to pay government taxes on that property. The advantage of buying property in Dubai is that you will not have to pay any tax on that property. Therefore, if you do not want to, you should not actually Rent Your Property to anyone so that it is available to you every time you visit Dubai.

iii) Sunny All Around The Year

The weather in Dubai is mostly sunny, if not always. Dubai has very limited rainy days. Due to this one particular reason people like to visit Dubai again and again. The sunny beaches of Dubai which are usually within walking distance of your property are an excellent source of leisure for those that want to shop for their holiday home in Dubai.

3 - Buying Property in Dubai for Investment Purpose

Let us now see the biggest reason why people buy property in Dubai or any other part of the world. The biggest driving force behind real estate buying is the investment approach. Buying a property in Dubai or any other place in the world really secures your future.

Below are some points that will definitely make Dubai's case stronger in terms of buying property from an investment point of view.

i) There is No Property Tax in Dubai

No matter during which a part of the planet you purchase land, you've got to pay land tax. Dubai is famous worldwide among real estate investors because you do not have to pay any tax against your property. If there was any biggest benefit of buying a property in Dubai, then there is no tax.

ii) Buying a Property in Dubai Offers Higher Rental Yields

Now to place the last nail in the coffin, let us evaluate the average rental yield that a person can expect in our selected real estate capitals. The first thing we need to know is the average ROI% in these cities. Don't worry, I'll do all the digging for you.

Conclusion

Is buying a property in Dubai an honest investment? All the arguments you have read above this argument point to only one possible answer and the answer is a big YES!

Are there any points I've missed? Feel free to contact me any time at
+97236444446 for any questions that you may have concerning the above information. Feel free to visit us at - https://www.sweet-home-dubai.com/ !