Real Estate Market Dubai! Is It Safe to Invest in It?
Indians have been spending lots of money in real estate market in Dubai for years now, secured of higher yields, capital appreciation andbeing part of the world’s most amazing city.
First 9 months of 2015, Indians have invested Dh713billion, exceeding the list of expatriate buyers in Dubai’s realty market.
Diverse arenas compliment the dynamics of Dubai real estate that offers many options to buyers to help their budget and preferences. Recent trends of buying properties in localities such as Downtown Dubai, Dubai Marina,Jumeirah Lake Towers and The Palm also indicate that the buyers are looking at beneficial dividends in the shape of rents and resale profit.
Property prices in Dubai have reduced in last year by slowing sales volume. Present time is favourable for investors to buy property; and can get good deals on ready as well as off-plan properties.
Dubai presents a high rental return. Falling prices make the investment profitable, as rentals have remained stable with stream of residents. Yields range from 7% to 8% even after paying service bill on the unit.
Prices in Dubai may be lowering; the UAE is among the fastest developing economies in the world. This country is working on mega infrastructure deals and also the host city for Expo 2020, and this lead to influx of visitors. One of the major incentives for investors here is; there is no tax on rental income and easy restoration policies makes it profitable to buy and rent the unit.
The UAE is among the intact and secure countries in the world. It has business-friendly laws and allowing investors to organize companies in few days. Dubai has one of the best skylines; Burj Khalifa, the world’s tallest tower, property owners are permitted to lease their units, after taking authorization from Dubai’s Department of Tourism and Commerce Marketing, as holiday homes, increasing return on investment.