REASONS WHY YOU SHOULD INVEST IN LUXURY HOMES OF DUBAI

Dubai today is the center of the world’s attention. It won’t be wrong to say it has become the talk of the town because of the rapid developments in the city. Today everyone around the world dreams to become a part of the luxurious Dubai experience. Known for state-of-the-art architecture along with the tallest building in the world Dubai has become the prime location to invest in the real estate sector.

Real estate is considered the most important sector in a country’s economy. Therefore, it won’t be wrong to say that real estate has become the backbone of Dubai’s economy. As Dubai’s real estate sector is on a growth which is giving huge returns not only to the economy but also to the investors.

Whether you are a seasoned investor or an amateur individual who wants to invest money in the real estate sector, you can earn a good amount of money as a result of your investment. From all the investment opportunities investing in a luxury home in Dubai is the most profitable option. To help you make up your mind we have listed down some reasons why you should invest in luxury homes Dubai.

Top Reasons why you should invest in Luxury homes in Dubai?

Economic Growth:

The economy of the United Arab Emirates is on constant growth. According to the reports, the economic trajectory is showing positive indicators in 2022. This makes Dubai a prime location for investment. If you are looking for properties in Dubai for the investment you can easily find luxury homes for sale in ideal locations in the city through which you can earn good returns on investment. The government of the United Arab Emirates is giving out special incentives to the investors with flexible payment plans according to their financial status. The interest rate is set by the government to 4.5% for the residents and 5.5% for the non-residents. If you are a foreign investor, the good news is the government has allowed an unlimited remittance limit and a 10-year visa in some cases.

A good return on investment:

If you are investing in Dubai’s property business, you can surely expect good returns on your investment. You can rent out your luxury mansion on which you have invested hefty amounts of money in Dubai with ease. As a result, you can maintain continuous revenue in terms of rent. Renting out properties is more beneficial if compared to other cities as the rental yield is much higher if compared to other cities across the world. On the other hand, you can sell the million-dollar homes you have bought for investment purposes in the future and earn a good profit as the real estate market of Dubai is expected to grow with every passing day. In short, you do not have to worry about your investment if you have pitched in your savings in Dubai’s property market as a good return on investment is guaranteed.

Dubai Expo 2020:

Dubai is the talk of the town because of Expo 2020. The city is attracting foreign investors from all around the world to invest in the real estate sector. According to reports, the real estate sector recorded an increase from AED 16.2 billion in September to AED 28.5 billion sales in November. This sharp increase is termed the impact of Expo 2020. It can be said it is a good time to invest in the property market as with every passing day the prices will rise because of the high demand after Dubai Expo 2020. You can consider yourself lucky if you get a luxury property for sale at an ideal location during Expo 2020 because of the rise in demand.

Most attractive location:

It won’t be wrong to say that Dubai today is the most attractive and most preferred city by people across the world. The memorizing architecture, along with the tallest building in the world the Burj-ul-Khalifa, and other fascinating skyscrapers surely pleases the eye. The perfect combination of natural beauty and human art has made Dubai the most preferred city by tourists. Investing in luxury homes will never be a bad option with Dubai’s increasing tourism as you can offer your property for commercial uses too. On the other hand, Dubai is a prime geographical location as Dubai’s time zone benefits global companies as it serves as a middle point in the Eastern and Western time zone. While the location’s proximity has also made traveling easier with Dubai’s airport one of the busiest airports across the world.

Government’s Initiatives:

The Government of the United Arab Emirates is in a constant struggle to make Dubai a center of attraction for people around the world. The initiatives taken by the government are not only making the lives of the locals better and better but also the lives of the expats living in Dubai better. Investing in the luxury homes of Dubai means you can get a chance to make the most out of a new initiative by the UAE’s government of visas for 10 years. While the government has also promoted a tax-free environment for foreign investors means you will not have to pay taxes on the luxury property you purchase or on capital gains and the rental income.

Affordability:

Comparing the prices of luxury homes in Dubai and other cities, Dubai offers an amazing value for luxury real estate. As the luxury homes Dubai are far more affordable and cheaper than in other major cities across the world. With the investment of $1M, you can buy a whopping 1539 sq of property at a prime location which is twice as much as properties in other cities like London, Geneva, Paris, Shanghai, etc. Due to this reason, it is better to invest in the luxury homes of Dubai as it will only be beneficial for you in the coming days to come.

To conclude:

There is no better time than today to invest in Dubai’s real estate business. It can surely be said, the sky is the limit when you invest in Dubai as the UAE’s economy is on a road to growth. While if you have decided to invest in the sector, you should consult real estate companies to brief you about the prime locations across the city from where you can get a good return on investment. Inspire Real Estate is the most trusted company in Dubai’s property market whom you can get in touch with to get the best deal in town. The team at Inspire Real Estate ensures to work closely with investors to cater to all their requirements.