Top Reasons to Invest in Residential Properties in UAE
The UAE, especially Dubai, has been at the top of the list when it comes to places to look for a property.
All of this thanks to the city’s fast development, safety, stability, and tax-free policies. Whether you are looking to invest or to find a home, Dubai is the perfect choice.
If you are thinking about buying a property in Dubai, right now is the perfect time to do so and here is why:
Prices are competitive
These past years, property prices have increased, but they haven’t reached their peak yet. Buying in this crucial moment gives you the opportunity to get a property before the prices increase significantly, especially in developing communities.
High demand
The demand for residential properties continues to increase due to the rising population, and strong rental demand from expats, a demand that is going to keep increasing. This makes rental and sale prices increase day by day.
Strong Rental Yields
Dubai is continuously delivering higher rental yields (approx. 6-9%) compared to big cities such as London and New York. This makes Dubai the perfect place to invest if you are looking for strong and steady gains from your property investments.
Golden Visa
UAE offers a Golden Visa to property owners. This visa grants you 10 years of residency for you and your family without needing a national sponsor. It is a great benefit if you are looking to live or have stability in the country.
Tax-free benefits
In the UAE, there’s no property tax, capital gain tax, or income tax, something that only a few countries have. This means that the money you earn from your property is yours to keep.
Developing Country
UAE is a country that is in constant and fast development, one day you see everything under construction, and the next day it is a major hub. Buying a property now gives you the possibility of getting a good price in an emerging area.
Right now is the perfect time to invest
Timing is everything, and right now is the perfect moment to invest since the prices haven’t reached their peak and there are still a lot of opportunities in emerging areas. As the country expands and so does the demand for properties, and buying a property as soon as possible means securing a good price today and seeing amazing gains tomorrow.
Things move quickly here, and that’s why timing is everything when it comes to real estate investment.
FAQs
How long does the process of buying a property usually take?
It can vary, Ready properties can take 2 to 6 weeks, Off-plan can be more or around the same amount of time depending on the payments plans and handover timeline.
Can I re-sale my property before it is completed? (Off-plan cases)
Yes, many developers allow you to re-sell the property after a certain amount has been already paid. This is very common in fast markets like Dubai.
What restrictions exist when renting a property?
No big restrictions are in place, but you need to register your property with the Dubai Land Rental system and obey the tenancy laws.
