Over the years, people from everywhere in the world have been attracted to Dubai for the enormous career and business prospects the emirate has to offer. Progress is synonymous with Dubai. This is not just evident in the city’s jaw-dropping landscape of towering skyscrapers but more importantly, in the lives of expats who have chosen to take up residence here.
As a result of this shift, owning real estate in Dubai has come to mean more than simply having a place to stay. With new and more relaxed rules for foreign investors, property ownership in Dubai has taken on a more advantageous position for those who seek to put their investments where there is great certainty of returns.
At Passport Legacy, we are dedicated to helping people from all over the world establish a home in the UAE in the easiest and most simple manner possible that meets their lifestyle needs and investment goals.
Below are a few of the key reasons why owning a home in the UAE is beneficial…
TAX-FREE INCOME
The most significant advantage of owning a home with the intent of renting in Dubai is that it’s tax-free. Investors are allowed 100% ownership of the luxury residential properties of their own choosing. Many foreigners are now purchasing properties off-plan, which mean lower acquisition cost.
As the project progresses up to its completion, the value of these properties concurrently increases. Therefore, when these homes are eventually rented out, investors can easily enjoy 10% rental yield on the average. This is much more when compared to rental yield in New York, Singapore, London or Hong Kong. And as Dubai continues its upward movement, property investments will also continue to appreciate. With more and more development projects starting everywhere in the emirate, greater opportunities await foreign investors.
SAFETY
Dubai is one of the safest places to live in anywhere in the world. For investors who seek to relocate their families here while growing their businesses, Dubai boasts of a crime-free environment envied by other great cities. Despite the political upheaval countries in the Middle East undergo, Dubai, on the other hand, has enjoyed peace and stability throughout the decades. In a recent survey conducted among residents of the UAE, 98.6% of them vouch for its safety and security. Crimes such as theft and sexual assault are practically unheard of in this part of the world.
WORLD-CLASS INFRASTRUCTURE
Whether it’s the world’s tallest building or the most ambitious residential property development ever to be launched, Dubai has them all. Across the world, people look to the UAE as the forerunner in real estate developments that can easily be regarded as impossible to achieve or too outrageous for the common mind. But then there is nothing common about properties in Dubai. No idea is too avant-garde or impossible. What has not been done anywhere else in the world can and will be done in Dubai. As such, the city can boast of infrastructure that elevates its skyline well above that of great cities.
In design and structure, Dubai properties are built with an uncanny combination of flourish and stability, while keeping in mind a commitment to deliver luxurious living.
STRATEGIC LOCATION
Geographically, the UAE sits literally at the center where North-South-East-West meet. As the ideal gateway to all corners of the globe, Dubai also represents connectivity and growth. For global investors looking to optimize promising markets, this is the place where they need to be in. It’s reputation for political stability, robust government support and regulation laws have made Dubai a great business enabler. A true bridge to progress, Dubai breaks down location barriers and opens opportunities for the business world.
REGULATED MARKET
For businessmen, the UAE’s greatest draw is its economic stability brought about by a strong investment-friendly framework, solid sovereign wealth funds and sound economic laws. The Ministry of Economics makes sure that fair competition exists, monopolies are prevented and in commercial transactions maintain transparency. Laws that are among the best in the world create a market known for efficiency, productivity and over-all growth. Businessmen who come to set up their organizations in the UAE have all these prime economic advantages on their side.
At Property Legacy, we are committed to helping you find your dream home anywhere in the world. Our dedicated team of experts backed by years of experience, are available to support you with navigating the often-intimidating process to ensure that it is as simple and painless as possible.
If you would like to know more, please reach out to us at [email protected]
