Dubai currently offers one of the hottest property investment opportunities in the world. With multi-million dollar projects mushrooming everywhere on a regular basis, Dubai property growth rates exceed that of most other Middle Eastern countries and even major parts of Europe. People who start off just dipping their toes to test the real estate waters of Dubai almost always end up returning more often than they had initially planned, inadvertently making Dubai one of the fastest growing second home markets.
Dubai Properties : Fabulous Property Deals At Any Price
Take a look at just some of the reasons why investing in Dubai property is and will always be a profitable proposition:
Comparatively Low Rates – Property prices in Dubai are still only about one-third that of any thriving UK city. Moreover, though borrowing costs are almost similar, tax-free incomes in Dubai compare far more advantageously then the post-tax income levels of the UK.
Huge Growth Potential – Steadily rising property prices have resulted in a sharp upward movement in property rental rates. While this is always an attractive proposition for Dubai property investors, it also drives those who are renting into purchasing so as to avoid inevitable rent increases.
Falling Mortgage Rates – With ever increasing mortgage options being regularly created by local and international financial institutions and banks in Dubai, the cost of borrowing has been dramatically reduced. This makes Dubai property even cheaper to own, which is not an opportunity that either investor or homeowner would pass up.
Tax Free Incomes – With borrowing costs being similar, the tax free incomes in Dubai create a property market opportunity that is much more appealing than the UK post-tax income levels.
Provision of Residence Visa – The provision of visas for expatriate investors and their family could very possibly be one of the most powerful attractions for foreign property investors to invest in Dubai properties.
Increase in Demand in Key Property Areas – With Dubai rapidly expanding as a trading and business hub for the Middle East, an increasing number of expatriates are expected to take up residence either permanently or temporarily in Dubai. The resultant increasing pressure this puts on the housing market in key property areas would result in massive rental increases all across the area.
There are no “Bad Neighborhoods” in Dubai – Dubai boasts one of the lowest crime rates, not only in the Middle east, but in the world. This low crime rate makes every Dubai property a safe place to live for families.
Variety of Attractions – Every Dubai property development is distinct and exclusive and ultimately designed to include a variety of attractions. These attractions can range from outstanding schools and themed parks to state of the art leisure and entertainment facilities to high end shopping malls and designer stores.
With its ideal location, high quality of life and irresistible tax benefits, buying into any Dubai property development is undoubtedly a profitable proposition whether you are purchasing a home as a convenient property for family holidays or as a retirement retreat or purely for its investment potential.
Just Dubai Property offers Dubai property for sale. View our range of property for sale in Dubai
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