Why Dubai for real estate opportunities?
In the international real estate investment world, Dubai stands as a thriving hub for business and tourism, hosting a diverse population of over 200 nationalities. Notably, being a tax-free haven, Dubai provides an enticing opportunity for real estate investments.
Key factors contributing to the optimistic outlook for Dubai's real estate investment opportunities include robust return on investment, a stable currency, zero tax implications, a stringent regulatory framework, exceptional safety standards in one of the world's safest countries, attractive rental yields up to 12%, rapid development pace, and the emergence of casinos, adding a new dimension to the city's offerings.
SUMMARY
- Robust ROI
- Stable currency
- Zero tax implications
- Stringent regulatory framework
- Exceptional safety standards
- Attractive rental yields up to 12%
- Rapid development pace
- Emergence of casinos, enhancing city offerings
The influx of residents from various countries, driven by environmental concerns, geopolitical issues, and economic downturns, further solidifies Dubai's position as a destination for discerning investors.
Dubai's Resilient Rebound and Fair Valuation
(see image above)
According to the UBS Global Real Estate Bubble Index,Dubai's Index score for the housing markets of select cities in 2023 is 0.14. After experiencing a seven-year decline in housing prices, the owner-occupied housing market in Dubai has begun to show signs of recovery in 2021. Over the past four quarters, housing prices have increased significantly, even reaching double-digit rates. This recovery is supported by robust income growth and a thriving rental market, where rental growth has exceeded the growth in housing prices for homeowners. As a result, UBS global real estate bubble index believes that the market is currently fairly valued. click on this link to learn more.
https://www.ubs.com/global/en/wealth-management/insights/2023/global-real-estate-bubble-index.htm