For investors, Dubai is a right place, especially when it comes to investing in the real estate sector. If you want to invest in Dubai, but you do not know which sector of activity to choose, note that real estate represents the best option available to you.
Are you wondering why? In reality, investing in real estate in Dubai has a multitude of advantages. Let’s take an overview of these different benefits here.
While it can proudly boast a prestige as great, if not greater, than that of other major metropolises in the world, the city of Dubai offers much more affordable real estate prices.
Indeed, it is enough to make a comparison between real estate prices, particularly per Sqm2 in Dubai and in other cities such as Paris, London or New York to see a remarkable difference. Likewise, the Dubai real estate market is managed as effectively as it is efficient.
If there is one thing that characterizes the Dubai real estate market, it is its great performance. Thus, in 2021 for example, both investors and expatriates have invested heavily in the real estate sector in Dubai. This factor has contributed to the attractiveness of the market and generated large financial transactions in the area. We have also noticed a remarkable increase in demand for high-end apartments. Overall, Dubai recorded more than 60,900 sales in 2021, or 75% more sales than in 2023.
Almost non-existent taxation
When it comes to real estate investing, one of the biggest fears investors have is taxes. In fact, in most large cities, states are implementing tax systems that can be costly for investors. Taxes affecting real estate activities are varied and constitute a great concern for investors. In Dubai, on the other hand, things are different.
Because it plans to increase its population, the city of Dubai is banking, among other things, on real estate investments. To do this, it does not apply property taxes, nor taxes on rental income or capital gains. At this level, it is important to point out 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.
