Blog Description

 Buy Property in Dubai

Dubai, one of the world's fastest expanding cities, is brimming with gorgeous sea vistas, towers, and lovely areas for peaceful thoughts. Dubai never ceases to fascinate and astound, from hosting the world's tallest structure to artificial islands shaped like palm trees.

Most visitors fall for Dubai at first sight since it is a stunningly beautiful and hospitable city. Some individuals fantasise about living in a tower, where they can gaze out the window while drinking their coffee. Others like individual residences with well-kept lawns and expansive windows.

It gives real estate a great chance to prosper, and provides exposure to international clients as Dubai is their hub. To emphasise more on the fact, read our blog to understand why you should buy property in Dubai.

1. Expo 2020

The Expo 2020 is among the top reasons you should buy a property in Dubai. It is the next World Expo, one of the most well-known events on the planet, and is expected to attract millions of people from across the globe. The declaration about the Expo to be held in Dubai aided the off-plan property sector's performance. Investors who purchase properties near the event's location are anticipated to see significant returns on investments.

It also implies that vast numbers of people will arrive and seek to lease the home during this period. It would also suggest that there will be a significant demand for rent, putting you in a more important place as a realtor to negotiate to price.

Expo 2020 was also identified as a crucial element influencing Dubai's real estate industry, with almost 17,942 financial transactions totalling AED 46.75 billion occurring since October 2021, the most significant volume the sector has traded during one quarter in over eight years.

2. You would receive good returns on your investment.

Dubai's property market is improving even as the town's population grows, and this has nearly become a yearly thing. Even investors know that the rising population is reasonably prudent when acquiring the estate to maintain the growth in rent demand. 

According to the most recent Property Finder statistics, Dubai's real estate market set a 12-year high in 2021, with business financial transactions hitting AED151.07 billion ($41.1 billion).

3. There are no annual property taxes in this area.

The most significant advantage of buying in Dubai's real estate market is that investors will not have to pay taxes on the proceeds.

Residential properties along with commercial properties are included. It implies that you will not have to pay any additional taxes if you buy a home here.

Some additional aspects to bear in mind.

01. In 2021, secondary/ready units accounted for 59.6% of all sales, while off-plan properties accounted for 40.4%.

02. The final quarter of 2021 had a total of 17,942 transactions totalling AED46.75 billion ($12.7 billion), the most significant number and quantity of transactions since Q4 2013.

03. Compared to Q4 2020, the final quarter of 2021 had a 64.12 per cent growth in sale trading volume and a 114.74% rise in value.