Dubai has been and still is a prosperous land, where anyone can get a piece of cake. Villas prices in Dubai the UAE make the emirate a promising destination for those who wish to invest their money in real estate having the best conditions possible. What are the things to consider before purchase, what are the characteristics of the market – you will learn in this article.
Perspectives of real estate in Dubai
Investors who decide to place their capital in the Dubai real estate market have the widest opportunities for profitable investments.
Depending on their financial capabilities, skills, knowledge and goals, investors may prefer the following properties:
- Still under construction or already put into operation;
- Relating to the sector of residential, commercial or hotel real estate.
Each of these options has its own individual advantages, each of which is subject to careful consideration and analysis depending on the specific conditions and restrictions that exist for the investor.
At the same time, any property sold on the Dubai real estate market is characterized by a very attractive factor that causes interest in the emirate from investors with a wide variety of financial capabilities.
The fact is that the cost of real estate in the emirate is relatively low compared to the prices of real estates with similar consumer and engineering characteristics, presented in other investment-attractive areas of the planet. What’s more, Dubai’s current property prices average across all market categories by at least 15% below the emirate’s peak in 2014 as the market approaches a new stage of development.
This means that more than favorable conditions have developed for investors wishing to enter this promising and progressive market at the lowest possible cost. With property values in Dubai expected to rise significantly again by 2020 as the emirate prepares for the World Expo 2020 and a huge influx of visitors, investors who buy property here in the foreseeable future will be able to count on a solid return on investment in long term.
Attractive investment environment
One of the most important features of the investment environment in Dubai, which determines the continued interest in operations in the real estate market of the emirate, is the absence of a property tax here. When concluding a deal, the buyer pays a registration fee to the Dubai Land Department, and this is where all his financial obligations to the government end – in the emirate there are no taxes on real estate, on income, on capital gains, etc. This means that all income received by the owner of the property, is brought to the investor in full.
An important factor of particular importance for foreign investors is the high level of internal and external security in the emirate. All real estate transactions are carried out under the control of the state, which guarantees the reliability and transparency of transactions and allows investors to count on a safe investment of capital. At the same time, Dubai itself, like the United Arab Emirates as a whole, is known for its minimal involvement in political, including armed conflicts. For this reason, the emirate is widely perceived as a safe harbor in the Middle East region, which is not characterized by political tensions that could potentially affect the safety of the capital placed here.
Finally, a significant aspect that characterizes Dubai as an attractive investment destination is the constant desire of the emirate government to innovate and improve. The authorities are systematically reviewing the legislation governing transactions in the real estate market (including those concluded with the participation of foreign citizens), seeking to provide depositors with the highest possible level of protection of rights. In addition, the proposals introduced to the property market of the emirate are constantly being improved – developers, with the support of the authorities, use the latest technologies in their work, which, among other things, make it possible to increase the environmental rationality of construction.
Real estate agency in Dubai
Ax Capital real estate agency guarantees its full support on all the stages of the deal. The impeccable reputation of the agency and its specialists allows them to provide the service of the highest level, as well as the full assistance to its clients.
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