The United Arab Emirates has made a name for itself in the worldwide real estate market. Dubai is the main center of the country’s real estate sector in this regard. Investment properties in Dubai Creek Harbour, Palm Jumeirah, Akoya Oxygen, and other locations of the emirate give a good return on investment and provide owners with an apartment or villa in a sunny region.
Why do foreign investors choose Dubai
Today, all world-class real estate professionals agree on one thing: the United Arab Emirates and Dubai in particular have an excellent reputation, demonstrate a high quality of life and stable economic growth. Given the high rental income and the relatively fast process of selling assets, it is Dubai that today is the world leader in investment in the property sector.
The Expo 2020 exhibition, which has become a very powerful impetus for the Dubai real estate market, also has a significant impact to this day. In addition to the merits of the government in terms of successfully overcoming the consequences of the pandemic, investors were able to see the investment attractiveness of the facilities, the stability of the currency and a strong economy.
By purchasing real estate in the city, the investor will not worry that the purchased asset may depreciate. Given the tourism potential and favorable business environment, real estate in the UAE will not lose its relevance and will bring a stable income to its owner.
An important advantage is the attractive taxation policy: all income from the rental of property is not taxed. If necessary, the owner can move to the city at any time, having appreciated the security of the city, the developed world-class infrastructure, and the high standard of living.
Real estate in Dubai in 2022
The impressive results of 2021 were able to surprise even the most skeptical specialists. Record after record, recovery of the property estate market, and a vast number of diverse offers – the Dubai real estate market was able to surprise everyone.
Companies were able to meet customer demand by announcing several new developments in various categories of the housing market: budget, comfort class, and luxury residences. In addition, the demand for real estate was supported by the government. Useful initiatives, economic and visa reforms were put forward, which eventually attracted global investors.
Already at the beginning of 2022, developer companies announced that a total of more than 36,000 residential property units would be put into operation this year. This amount of property, according to experts, will allow maintaining the optimal balance between supply and demand. At the same time, potential buyers and investors should expect approximately equal interest in both off-plan real estate and secondary properties.
Turned out that the most popular areas for the new properties was introduced in the following areas:
- Palm Jumeirah,
- Dubai Creek Harbour,
- Emaar Beachfront,
- and Akoya Oxygen.
Investing in a hotel apartment
Investing in housing in the emirate entails more than just purchasing traditional flats, studios, and mansions. Hotel flats are one of the unique investment options available in the UAE today.
A hotel apartment is a separate piece of property located on the territory of a hotel or a hotel. This is a standard hotel room that will be rented out and generate income for the owner. The main advantage of hotel apartments is absolutely passive income. That is, the owner will not need to take care of finding tenants, property control, timely payment of utility bills. All this will be handled by the hotel staff.
Separately, it should be noted that the buyer receives a hotel room in the property, which will be confirmed by an official certificate from the DLD. At the same time, hotels offer a variety of payment plans and guarantee a certain income over a specific period.
Real estate agency in Dubai
Do you want to invest in Dubai real estate? Specialists of the Ax Capital agency will select for you a number of properties with maximum profitability and liquidity. They will fully support the transaction and protect the interests of the buyer.