3 Reasons To Invest In Dubai Investment Property

3 Reasons To Invest In Dubai Investment Property

Dubai, one of the states in the United Arab Emirates (UAE), seeks today to move away from its traditional oil dependence to a more balanced one based on tourism and services. As a result, its economy has grown, with more and more tourism resorts coming up to meet this aim. This article will list three reasons why you should invest in Dubai today.

Firstly, because Dubai, as mentioned earlier, is becoming a services hub and in particular a financial services hub, there is going to be an increase in the number of foreign professionals who are flocking there to work, and with the high pay and tax-free status over there, the average rental yields of properties there are above the average. Currently, the single-room studio apartments are doing the best in terms of a rental since the expatriates that work in Dubai tend to be single individuals, so this would be a great real estate investment tip to note if you intend to invest in Dubai.

Secondly, the cost of Dubai property relative to international standards is still very low, and as a result, the chance of a large capital appreciation increase is very high. When combined with the above-mentioned bullish outlook on rentals, the prices of your Dubai real estate investment will skyrocket in the coming months.

The reasoning cited by some real estate professionals is that when US and UK-sourced money starts flowing into such properties, the value of the real estate will reach international standards and you will make a handsome profit from the capital appreciation.

Thirdly, there is currently a Disneyland attraction being built there, which would result in an increase in tourist visitors to Dubai. If your property is near Disneyland, there’s a chance you’ll be able to rent it out to people who are visiting the park for the day. As for problems with rental collections, most real estate companies double up as property managers and developers, so they will be able to handle most of the payment collections on your behalf.

Finally, Dubai is one of the emerging markets where your investment dollar can go a long way. Spending some time considering whether you want to invest in Dubai property may be worthwhile when considering the potential benefits involved.

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