A robust real estate sector is imperative for the growth of any nation. This is because the real estate sector attracts new investments and plays an important role in the country’s economic development. The same is true for Dubai!
The political leadership of Dubai understands the significance of a robust and transparent real estate sector. That’s why Dubai nowadays boasts of one of the most lucrative property markets in the world. The property market of Dubai is now driven by investors who are looking for higher ROIs.
In case you don’t know, the property market in Dubai has made a stunning comeback. Though it suffered a brief setback in 2020, it reached its peak in 2021. So if you want to buy villa in springs Dubai, this is the right time to do so! So why are real estate investors returning to invest in the property market of Dubai? Let’s find out!
Investor-Friendly Visa Reforms
Investor-friendly reforms are the main reasons why Dubai’s real estate market is booming. In 2019, Dubai introduced long-term and renewable visas for entrepreneurs and investors. These visa reforms greatly helped to attract investors’ attention.
Earlier, the investors didn’t have the freedom to stay in the market for a longer time period. But after the introduction of the visa reforms, real estate investors can stay in the market for longer durations.
As an investor, you can even apply for the renewal of the visa when it approaches its expiry. First, however, it is important to meet the eligibility requirements to apply for an investor visa successfully.
Rising Values and Rents
The capital values of Dubai’s real estate sector, especially in the villa segment, are witnessing a positive growth. Note that buying villas has been one of the top priorities among national and international investors.
On the other hand, the property rents are also surging in prominent and developed areas in Dubai. Rising values and rents imply that there will be a positive appreciation rate for investors. This is one of the main reasons why investors are showing interest in investing in Dubai’s real estate sector.
High Standards of Living
In the past few years, Dubai has become one of the best cities to invest in real estate. The higher standards of living are the main reason behind the popularity of Dubai’s real estate sector. Moreover, the presence of world-class infrastructure is another reason why investors are investing in Dubai.
Dubai is a haven for investors because of the presence of top-class connectivity, luxurious recreational facilities, etc. In addition, the top developers in Dubai are constructing real estate projects in prominent locations in Dubai. This is another reason why foreign investors are procuring apartments and villas in Dubai.
Tax-Free Investment is a Huge Plus
You can buy villa in springs Dubai without paying any additional charges as taxes. In other words, if you purchase a property in Dubai, there is no need to pay property taxes. The Emirates has no annual property tax scheme, which exudes practicality to the investors.
Once you buy a property, owners don’t have to carry the burden of paying taxes. You only have to pay one-off property transaction and registration fees. Despite the presence of the corporate tax, the real estate market has remained unaffected.
Like visa reforms, the policies in Dubai are also expatriate-friendly. For instance, if you are a foreign investor, there is no need for you to look for a local sponsor.
In other words, investing in Dubai is pretty easy for foreign investors. Moreover, there has been an introduction of several amendments in critical areas. From civil transactions to criminal procedure laws, Dubai has been able to evolve as an expat-friendly city.
Experience Higher Returns
The biggest draw for real estate investors is the presence of higher returns. Moreover, the property market in Dubai ranks higher when the context is about higher returns. Specific areas in Dubai like the Business Bay and Jumeirah Lake Towers offer higher returns. That’s why you should choose the location properly while investing in Dubai’s real estate market.
Dubai has been attracting investors across the world because of various reasons. If you want to invest in Dubai’s real estate market, this is the right time to do so! You should visit Ever homes and choose from a wide variety of apartments and villas.