Why invest in Dubai properties?
Dubai is home to various nationalities and also grown into a diversified city with fresh real estate market. It is considered the tenth best location for expats, sixth-best in salaries and fourth-best for economics. Also, Dubai has the second highest number of international brands that attracts 38 global brands before Shanghai and London respectively. The city continues to maintain its status being the perfect destination for immigrants with vast investment opportunities. Here are a few reasons why people invest in Dubai properties. For the best Real Estate for Rent in Dubai and reliable service, contact the SZZ properties.
Higher rental yields:
Dubai has best long-term returns with wide variety of options. Surveys show that UAE is the second best country to buy investment property of the 25 countries surveyed, Philippines being the first. Dubai has a rental yield of 5.19%, rental income tax of 5% and a monthly rent of $3,070 and increase according to the type of community and location. Being tax free, it’s better as an investment among other cities in the world. Sports City, Silicon Oasis, International City and Jumeirah Village Triangle are the top communities that offer the best rental returns.
Dubai is among the top 10 cities with the highest salaries with an average of AED 151,932 annually. Known for its luxury houses and upscale apartments, it caters to the investors and families wanting homes suiting their budget. The availability of the house depends on the rentals and earning levels. Sports City, Silicon Oasis, Jumeirah Village Circle and International City are better options below AED 750,000.
Dubai is an emerging and vibrant entrepreneurial atmosphere ideal for entrepreneurs, investors to establish start-ups and innovative businesses ventures. The city is implementing new visa regulations that allows individuals in the UAE to take 100% ownership without having a local partner.
Safe and Improved Infrastructure:
While choosing residential/commercial residential, safe investment and infrastructure is really important. Dubai always offer exceptionally high standard infrastructure. With low crime rate and good living conditions, Dubai is considered one of the safest cities in the world.