The market of the property of Dubai introducing excellent opportunities for seasoned investors alike.
Here we want to present the top reasons why Dubai attract investments from all over the world.
Visa for investor
Purchasing a property at least Dh1 million allows the buyer to apply for a residency permit.
In this year, the country approved a law which allows 100 per cent foreign ownership of companies, followed by the introduction of a 10-year residency visa for investors.
Expo 2020 is coming
Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations. The announcement of the Expo in Dubai has boosted the off-plan property sector. Investors who are buying properties in Dubai before the Expo will receive a high return on investment. The Expo’s duration is six months, and millions of visitors will need to rent property.
0% income and corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from most of the countries around the globe where taxes are very high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE home to one of the world’s highest percentage of immigrants.
Safety and Improved Infrastructure
Infrastructure and security are important when choosing a property, from residential to commercial. Dubai is arguably the top cities that provide excellent support with high standards and continues to advance.
Safety is also a significant advantage when it comes to investing. Considered a haven for end-users and investors, Dubai is one of the safest cities in the world. It has a low crime rate, proving that the importance of safe, good living conditions is one of the cores of the UAE.