Why do you need a business real estate agent in dubai?
Home to the tallest building in the world along with numerous luxury mansions, exclusive penthouses, and waterfront living options, Dubai is a real estate paradise. It is a city of omnipresent opulence and record-breaking statistics. If you are planning to invest in real estate, Dubai is the perfect place to do so. The city is geared towards remarkable economic growth and its real estate sector is set to thrive in the next few years. As investors from around the world take interest in Dubai’s real estate market, the number of impressive projects will increase. It will also boost Foreign Direct Investment. Do you want to be a part of the exciting journey? If so, there is a list of real estate agents in Dubai who can guide you towards success.
What makes Dubai an ideal choice for real estate investment?
A city of diversity, Dubai attracts people from all over the world. Its ever-growing real estate market and booming economy makes it one of the best locations for expats. No matter what your investment budget and goals are, the city will offer you countless enticing opportunities. Whether you are planning on buying a real estate brokerage or several properties to build up an impressive investment portfolio, this is the best location for you. On the other hand, if you need any guidance or help in the process, you have RiseUp by your side. We are one of the leading real estate companies in Dubai, and real estate investment is one of our specialties.
If you are still wondering why you should invest in Dubai real estate, here are the top reasons that will surely convince you:
No yearly property taxes:
Even if you ask a list of real estate agents in Dubai what the best part of investing in the city is, they will say this as their first point. When investing in Dubai real estate, you won’t have to fret about costs such as capital gains tax and property tax. That easily makes the Emirate the most ideal place for property investment. Here, once you buy a property, you won’t need to pay any taxes. The only cost that you will have to bear is transfer fee paid to Dubai Land Department and brokerage commission. The only type of tax one has to pay in relation to real estate is VAT, which is only applicable on commercial properties.
Before buying a property in Dubai, you need to know what financial rewards will be awaiting you. For starters, Dubai has one of the highest performing economies in the world. The government is committed to making the UAE competitive around the globe. That is why they keep on introducing new measures that will improve the country’s business environment while promoting long-term growth.
Those who invest their money in Dubai’s real estate get to enjoy perks such as flexible payment plans that are designed according to their financial status. The interest rate for residents starts from 4%, while the interest rate for non-residents starts from 5%. Moreover, the Dirham being pegged to the US Dollar makes Dubai the place that offers unparalleled financial security.
Investors also prefer this city because it is continuously developing, and they get an easy exit, and in many cases, a 10-year residency visa. The increasing population of the UAE ultimately raises the demand for new residential communities. That contributes to the rapid growth of Dubai’s real estate market, which is known for attracting not just a list of real estate agents, but many high-profile developers as well.
Dubai Expo 2020
Expo 2020, which got delayed due to the COVID-19 pandemic, is slated to be one of the largest events in the history of Dubai. It is going to be held between October 2021 and March 2022. The COVID-19 pandemic may have slowed down the world, but it has not stopped it. In fact, to keep all the affairs running smoothly, we have shifted to the digital. Many of the important events are taking place virtually. The same will apply to Expo 2020, which will have a hybrid model. It will be hosted physically while also offering a virtual experience.
According to experts and a list of real estate agents in Dubai, the Expo 2020 exhibition will be the largest and most prominent global business event to take place since the pandemic broke out. It will show the commitment the city has towards economic growth. Dubai also focuses on achieving this growth through the creation of opportunities for investors and entrepreneurs.
A shopping paradise:
Ask anyone from the list of real estate agents in Dubai, and they will tell you that many investors come here mainly for the shopping experience. The city has some of the largest shopping malls in the world. These shopping malls also feature some of the world’s leading fashion brands. That alone is reason enough to attract the shopping and fashion aficionados of the world.
High ROI (return on investment):
A report recently revealed that Dubai is on the top of the list of “hybrid” cities that are ideal for real estate investment. It also stated that the city epitomizes the concept of hybrid cities. Hybrid cities tend to be medium sized, and they also tend to compete in various specialized markets while also benefiting from significantly large domestic markets. Dubai possesses these qualities as well, and it has a discernible luxury status that puts it high on the list of the world’s best real estate destinations.
According to the top list of real estate agents in Dubai, the city is in the middle of being the world’s best “new world city” and “emerging city.” It has a superior livability compared to many other regional and national contenders. Income generating assets can achieve excellent rental yields here. Dubai’s rental market is sometimes more profitable than many mature property markets. Though some might argue that the rental market has slowed down a bit, experts will tell you that the market goes through phases of “correction” every now and then. After that, new and better opportunities appear.
Over the last many years, investors have shown an unshakable confidence in Dubai. One could say that their faith comes from the fact that the city comes with a promising infrastructure development. Even the government believes that infrastructure is one of Dubai’s biggest strengths. The city provides excellent infrastructure and standard of living that is hard to match. On the other hand, the city’s infrastructure keeps on becoming more and more advanced. From Burj Khalifa to the Palm Jumeirah, the city is a real estate paradise.
The business hub of the Middle East:
It goes without saying that this city is a place of international trade. Many would even go as far as saying that Dubai is a gateway to the Middle East, Central Asia, and the Indian Subcontinent. Home to one third of the Fortune 500 companies, the city attracts business and investment talents from every corner of the world. For these reasons, Dubai has acquired a spot on the list of the Top 20 Cities Global Power Index 2020. The UAE also has a remarkable legal framework that provides a free enterprise system and improves growth. Some of the top business leaders in the city prefer this city for its high potential for growth.
Dubai and the pandemic:
Dubai Tourism has revealed that in 2019, the city got 16.73 million international overnight visitors. By 2020, it was expected to receive more than 20 million visitors. There was also a financial plan, which included $56 billion to be spent by 2022. However, like many unforeseen factors, the COVID-19 pandemic did disrupt some of these plans and projects. Though, it would be more accurate to say that the pandemic has merely postponed it. Dubai has already started recovering from the effects of the pandemic, and its real estate market is the one leading the charge.
In fact, Dubai’s real estate market has seen a significant surge since the pandemic. That is partly because some of the world’s richest and most influential people have resorted to taking refuge in the city when the world around them has turned into chaos. These foreign buyers, who are flush with cash, started flooding the real estate market, especially the high-end property market, since COVID-19 cases started to increase everywhere else in the world.
There are countless reasons why you might want to invest in Dubai’s real estate market. Financial success, high quality of life, and overall satisfaction may be on the top of the list. However, you must remember that the real estate market is also one of the toughest to break into because of its popularity. That is why you need experts who have knowledge of how the city works to be by your side. At RiseUp, we can be that for you. Our list of real estate agents are here to guide and assist you in all kinds of property investment matters. Get in touch with us today!