t’s difficult to put everything into one single piece. Maybe if we were to play around with the idea of buying a home in Dubai and then compare the advantages and disadvantages it would be far way. I myself prefer to keep things straightforward and clear, so I have come up with the top ideas in my head. What you’ll find below is a blueprint of the many benefits of buying a home in Dubai. Consistently Growing Population If you were the owner of a real estate investment in a town that is largely abandoned the point of migration to other locations could that property generate any income for you? Dubai is a cosmopolitan metropolis with more than 200 different nations reside thus the population is growing day-by-day. One of the greatest advantages of owning a property in Dubai is that people from all across the globe are coming to Dubai in search of greater career opportunities and business opportunities. Everyone needs an area to stay in because, after all, nobody would want to live on hotels all the remainder of their life, are they? So, what’s the greatest benefit of buying properties in Dubai? According to World Population Review, Dubai’s population is growing by 10.7 percent year-on-year. This is what makes Dubai one of the fastest-growing cities around the globe. The population growth in Dubai is staggering. Between 2008 and 2018there was an increase of 86% in the number of people living there. Numerous new housing developments have been announced in Dubai to accommodate the growing population, which means an increased number of investment opportunities to smart investors who are looking to make a better return on their investments. Consistent Development & Innovation Do you prefer to buy a property in an area where there’s no development happening or in a place where concepts are introduced every so often? Dubai is moving forward to becoming the most intelligent cities in the globe. There’s always something fresh about Dubai and that’s one of the main advantages of buying a real estate in Dubai and other cities. A city that has something new constantly happening is always a magnet for large numbers of people. And when thousands of people the city each year, they require some place to stay and what better place to stay in the first place? Dubai is home to the tallest structure, known as Burj Khalifa. And now there will be a tower that is taller than the Burj and. The creative ideas proposed and implemented by the Dubai the government are a positive indication that purchasing a property in Dubai could be the most beneficial choice you make in your life. What will this new developments means for your investment in property? With the growth occurring at a rapid rate, it is likely that there will be new shopping malls in close proximity to your property, and new roads connecting to the community, thus increasing property value for your Dubai property over the course of time. UAE Property Visa One of the biggest advantages of purchasing real estate located in Dubai that you could take advantage of is the possibility to become eligible for a residency visa on the basis of your purchase of property in Dubai. There are certain requirements you have to meet. For instance, the worth of your property must be at minimum AED one million. Additionally, you should have no mortgage on the property, and it must be fully habitable. You’ll need to contact Dubai Land Department to get an investor visa to accompany the purchase of the property you want to purchase located in Dubai. Variety of Options In terms of investing in the Dubai real estate market, and enjoying the benefits of owning properties in Dubai there is a wide range of options to pick from. There are two main categories: commercial and residential properties. If you are looking to purchase a residential property it is possible to purchase an apartment or villa. And should you decide for commercial real property in Dubai There are many choices that range from offices, factories, and labor camps and more. Higher Rental Return Have you noticed that the rental returns in Dubai are significantly higher when compared with other major real estate cities around the world? The areas that are the most successful in Dubai can yield up to 10% rent in average. The rental yield average for New York is only 3.91 percent, in London it’s 3.21 percent, and in Singapore it’s 2.83 percent, as well. In Hong Kong you will not earn more than 2.82 per cent rental revenue. No Property Tax I know, that you’ve all been waiting for this particular benefit of purchasing properties in Dubai and, yes, it’s the truth. Do you know how much is the property tax in Dubai? There is no tax on property in Dubai. This means that after you’ve purchased the property, and paid the cost of registration to Dubai Land Department, there is no tax of any other type to be paid on the property in any way. This alone can have significant impact on the total rental income generated by properties in Dubai. If you decide to purchase the property Hong Kong, you will be required to pay up to 15% tax per year on this property. The ration to Singapore would be 13%. In London it’s 2.33 percent while the rate in New York it will be 2.2 percentage. In contrast, there is no tax for the purchase of property in Dubai which allows you to make the decision even simpler to buy a home in Dubai. What is it you’re still Do you require any further convincing on the advantages of purchasing a real estate in Dubai? I’m here to help you achieve your goal of purchasing your own property in Dubai and make the process easy