10 Benefits of Buying Property in Dubai as an Expat
Dubai has long been a desirable destination for expats who want to move to a mega city which offers everything.
With its futuristic skyline, world-class infrastructure, and a business-friendly environment, Dubai offers some of the best opportunities for property investment.
As an expat you can be looking for a home or a long-term investment. This is where buying property in Dubai as an expat comes with a range of benefits.
In this blog post we are going to talk about the ten reasons why investing in Dubai’s real estate market is a smart move!
Attractive Property Prices Compared to Other Mega Cities
Dubai’s real estate prices are relatively lower compared to major global cities such as London, New York, and Hong Kong.
In Dubai expats can find a spacious home at competitive rates. This is great value for money according to us.
Similarly, the lower price per square foot in Dubai makes it an attractive option for international buyers. These buyers typically look for premium properties with decent investment capital.
100% Foreign Ownership
Previously, expats were only allowed to lease properties in Dubai under a long-term arrangement. However, with recent regulatory changes, foreigners can now own freehold properties in designated areas.
This also means you can have full ownership of your property, providing control over your investment.
High Rental Yields
Dubai offers some of the highest rental yields in the world, with returns ranging between 5% and 9% annually. On a side note, this depends on the location and type of property.
Compared to other global cities where yields average around 3%, Dubai provides a lucrative opportunity for investors looking for strong rental income.
The growing population, demand for quality housing, and influx of expatriates contribute to a stable rental market.
Zero Property Taxes
One of the biggest upsides of buying property in Dubai is the absence of property taxes. Unlike other mega cities where homeowners pay huge annual property taxes, Dubai does not impose such levies.
Once you purchase a property as an expat, there’s zero recurring government property taxes. This makes it a wise long-term investment.
Residency Visa for Property Owners
People outside of the UAE who invest in property in Dubai become eligible for a residency visa. The UAE government offers various property-related visas.
- A 2-year renewable residency visa for properties worth AED 750,000 or more.
- A 10-year Golden Visa for properties valued at AED 2 million or above. These visas allow property owners to live in Dubai. They can open bank accounts, sponsor family members, and enjoy other residency benefits.
Choose Crown Capital Finance as your financial partner, and experience the difference. Let our experts guide you towards a brighter financial future!
World-Class Infrastructure and Lifestyle
Dubai provides top-tier infrastructure! In Dubai you get modern roads, public transport, world-class healthcare facilities, and international schools.
Additionally, the city offers an exceptional lifestyle with high-end shopping malls, gourmet dining, pristine beaches, and cultural attractions.
Expats investing in Dubai property gain access to a premium lifestyle that few cities in the world can match.
Secure Environment
Everyone looks for safety when investing in a property. This is where Dubai ranks as one of the safest cities in the world.
With strict law enforcement, low crime rates, and political stability, the city provides a secure place for residents.
Expats can feel confident about buying property in Dubai, knowing their investment is protected by strong legal frameworks.
Stable Economy
Dubai’s economy is resilient! There are industries like tourism, trade, finance, and technology which propel the economy into the right direction.
The city continues to attract multinational corporations, entrepreneurs, and skilled professionals. All of these things create a strong demand for property.
With ongoing government-backed initiatives, property investments in Dubai remain stable.
Easy Financing Options for Expats
Expats looking to buy property in Dubai can take advantage of mortgage financing options offered by banks.
Many lenders provide decent interest rates along with flexible repayment terms. This makes it easier for foreign investors to secure funding.
Additionally, the process of obtaining a mortgage in Dubai has gotten a structure in recent years, making property ownership more accessible.
Huge Investment Opportunities
Dubai offers a wide range of property types to suit different investments. You can invest in high-end luxury villas, apartments, off-plan developments, or commercial properties, there is something for everyone.
The diverse real estate options allow investors to build a property portfolio that fits with their risk appetite.
FAQs
Yes, expats can buy freehold properties in designated areas.
Yes, Dubai offers strong capital appreciation and rental income potential.
Conclusion
Buying property in Dubai as an expat presents a host of advantages. These range from high rental yields and zero property taxes to residency visas and world-class infrastructure.
With a strong economy, Dubai remains a top choice for real estate investors worldwide. If you’re looking to settle down or generate rental income, now is a great time to consider investing in Dubai’s property market.
Read the latest
