What Is The Benefit Of Buying a House In Dubai?

Buying a house in Dubai is quite beneficial and here the city is availing various opportunities established in this glamorous city is quite not at all a tough task. According to the recent reports by Dubai Financial Market DFM Dubai property market has seen a 55% increase in Q1 2023 with a net profit of AED 314.45 million.

On top of it, Dubai is allowing foreign investors to purchase property in this city, and along with this; it has ordained a designated area known as free-hold property where foreigners can only buy property over there. 

Besides this, there are more property options available in Dubai with freehold options. And all the properties had received a special theme which makes them more demanding amongst others. Here I‘ve brought to you the advantages of buying property in Dubai. So, if you are interested to invest in property in Dubai must aware of these given benefits in mind and choose the right property.  

High Return on Investment 

Investment in Dubai real estate is quite profitable. Here, the market trends as well as property demands amongst expats are highly increasing as mentioned above, where you can see a little comparison between the previous year and the recent year.

Moreover, you can easily get rental demands are also higher in this glamorous city; hence if you are planning for a rental home here then you can grab good returns. Additionally, an opportune location can generate more returns hence choose wisely when you are planning to buy a property in Dubai.  

According to CBRE Dubai's rental price was 27.3% in 2022 and 27.7% during the first two months of 2023, that’s indeed soar in Dubai Real Estate Market.  

Availability of affordable off-plan property

Dubai offers various ranges of off-plan properties in different regions. As you know Dubai has different communities and you can easily get property at an affordable price range. Now let’s understand what off-plan property is. An off-plan property indicates a property that is not completed yet and is still in progress. You can get apartments, townhouses, villas, and penthouses in an affordable price range.  

Availability of freehold areas 

Dubai has many freehold areas which allowed foreign investors to buy from the designated area. And Dubai has issued a rule that ex-pats can only purchase property from freehold areas. Freehold areas allow property buyers 100% ownership over the property.  

Here are some most popular freehold areas which you can consider as Palm Jumeirah, Dubai Hills Estates, Emirates Living, Downtown Dubai, Dubai Marina, and Jumeirah Beach Residence.  

Consistent Development

After the discovery of offshore oil in 1966 Dubai’s fortune began to change for Dubai and a drastic change has been seen between 1968 – 1975 the population of Dubai skyrocketed by 300%. Furthermore, in 30 years the population of Dubai grew to 2,785,000 which is indeed a remarkable growth of 569%.

Although, Dubai generates only 1% of the GDP its primary source of income is:-

• Commercial assets
• It’s a global position at eh entrance /exit of the Persian Gulf and as a result, currently hosts the busiest port in the Middle East. For that, the cities majorly export from this route. That’s what helps Dubai in its emerging growth.

Dubai Property Visa 

Another benefit of buying a house in Dubai is investors can get a UAE residency visa for up to ten years by purchasing real estate. And the minimum investment amount should be AED 2,000,000.  

One of the safest cities 

UAE is the second safest country in the world in 2023 with the safest county in the world with a safety index of 84.9 according to Numbeo.

Dubai is the safest city in UAE and according to Global Terrorism Index, the crime rate as well as terrorist activity is quite low in this city. Dubai has been ranked 1st regionally and fifth worldwide in the world’s best cities according to 2023.   

Technological Advancement  

No doubt, Dubai is one of the top cities that uses advanced technology in almost every sector and that’s what makes Dubai in the best position. Let’s take an example mostly the city uses advanced technology in real estate and you can see the positive result in it. Similarly, they use more technology in the health sector area, traffic, and transportation services which makes it a more upscale city.  

Conclusion

I hope this information will help you to understand the benefits of buying a house in Dubai and encourage you to take a decision firmly.  So, did you planned yet or not?  If not, then you can consider the new Emaar Bay View by Address Resort.  

A luxury residence that offers a blend of 1-4 bed apartments and 4 & 6-bed Penthouses along with world-class amenities where everything is just smartly intended with the best kind of lifestyle in Emaar Beachfront community.