For investors, Dubai is a real Eldorado, especially when it comes to investing in the real estate sector.
An almost non-existent tax system
When it comes to real estate investment, one of the biggest fears of investors is taxation. Because it plans to increase its population, the city of Dubai relies among other things on real estate investments. To do this, it does not apply property taxes, nor taxes on rental income or capital gains. It is important to note that Dubai is the only city in the world that offers such tax advantages to its investors. This policy allows them to increase the profitability of their investment exponentially.
A fully secured destination
To invest in the real estate sector, security is one of the criteria commonly taken into account by investors. Aware of this reality, the government of Dubai has done everything possible to make this city a perfectly secure destination. The world rankings of the most secure cities show that both investors and residents of Dubai can rest on their laurels.
Easy access to the country with the Golden Visa
By investing in Dubai, you open yourself, according to certain criteria, to the automatic obtaining of a resident visa for you and your family. This visa can be obtained for any purchase of more than 750.000 AED (180.000€), as soon as the property has been delivered. In case of purchase on plan, the Golden Visa can be issued as soon as the contract is signed if the property has a value of AED 2M or more (500.000€). This visa is valid for a maximum of 10 years and is renewable. It can be granted to both members of the couple as well as to children (minors or adults).
A remarkably efficient market
If there is one thing that characterizes the Dubai real estate market, it is its great performance. In 2021, for example, both investors and expatriates invested heavily in Dubai's real estate sector. This factor has contributed to the attractiveness of the market and generated large financial transactions in the field. There has also been a remarkable increase in demand for high-end apartments. Overall, Dubai recorded more than 60,900 sales in 2021, which is 75% more sales than in 2020. A return on investment of 5% to 14% is expected depending on the product.
A stable currency for financial security
The UAE dirham has been pegged to the US dollar (AED 3.7 = USD 1) since 1997 and the Central Bank's monetary policy therefore closely follows that of the US Federal Reserve. The monetary stability that this policy provides has the effect of facilitating oil exports.
Unbeatable prices
While it can proudly boast of a prestige as great as, if not greater than, that of other major metropolises in the world, the city of Dubai offers much more affordable real estate prices. In fact, a comparison of real estate prices, especially per square meter in Dubai and other cities such as Paris, London or New York, reveals a remarkable difference.
Advantageous payment plans
The easy payment of the property over different terms gives you peace of mind and financial flexibility.
State-of-the-art environment and infrastructure
Dubai today is known for its modernity and cosmopolitan character. It is an environment where communities thrive with world-class healthcare, international schools, public transportation and parks.
Financial facilities for foreign investors
Credit is readily available for foreign investors and special support is provided with tax and banking advisors.
A pro-investor policy
The government regulates the market and therefore the real estate market, so prices are controlled and there is no inflation. Moreover, the United Arab Emirates are openly pro-investor, everything is put in place to promote investment and the arrival of foreign capital.
You want to invest in Dubai? The Côte d'Azur Sotheby's International Realty teams will accompany you on this project.
+ 33 (0)4 92 92 12 88
info@cotedazur-sothebysrealty.com
