THE UAE IS THE 3RD SAFEST COUNTRY IN THE WORLD, WHILE DUBAI IS THE 8TH SAFEST CITY GLOBALLY ACCORDING TO A REPORT BY NUMBEO.
DUBAI IS THE 21ST HAPPIEST CITY TO LIVE IN ACCORDING TO A WORLD HAPPINESS REPORT.
THE UAE IS THE 20TH BEST COUNTRY IN THE WORLD FOR HEALTH CARE, ACCORDING TO CEO WORLD RANKINGS.
DUBAI IS THE 8TH FRIENDLIEST CITY IN THE WORLD ACCORDING TO A SURVEY DONE BY ROUGH GUIDES.
THERE IS NO INCOME TAX ON INDIVIDUALS IN THE UAE.
THE UAE IS CONSIDERED ONE OF THE MOST PROGRESSIVE CRYPTO COUNTRIES IN THE WORLD.
97.92% OF THE POPULATION IS FULLY VACCINATED AGAINST COVID-19, MAKING IT THE MOST VACCINATED COUNTRY IN THE WORLD ACCORDING THE GLOBAL VACCINE TRACKER.
Dubai has been on investors’ radars for over a decade, courtesy of favourable investment policies. Although the market took a beating during the pandemic, there have been visible green shoots of recovery during the first half of 2022. But, how is its promising real estate advantageous to Indians, and should you invest in a property in Dubai? Dubai-Prime delves into critical details.
Constituting one of the seven emirates of the United Arab Emirates (UAE), Dubai is the epitome of luxury and grandeur. However, much like other markets, Dubai had also been reeling under the pressure of the global pandemic. Reports suggest that property prices in the city had dipped by over 35 per cent during the period. Nevertheless, 2022 witnessed a sharp turnaround with an over 50 per cent increase in sales compared to the previous year. Thus, it is safe to understand that realty activities have picked up in the city. However, does an upward tick in Dubai’s market impact Indians? Can Indians invest in a property in Dubai and make the most of it? Let’s find out!
Dubai is a global market that attracts individuals from all parts of the world for work, study and leisure. This translates into a high amount of rental activity in the market. As per historical data, Dubai assures lucrative Returns on Investment (ROI). On average, the annual rental yield, the method of gauging the ROI, is upwards of five percent in Dubai. At the same time, areas like Dubai Marina, Downtown Dubai, and Jumeirah Village Circle (JVC) manage to rake in over 7-8 percent rental yield.
ATTRACTIVE LOW PRICES COMPARED TO THE GLOBAL REAL ESTATE MARKET
CUSTOMERS CAN INVEST IN A VARIETY OF OPPORTUNITIES WITH MORE FLEXIBILITY
EXCITING OFFERS SUCH AS GUARANTEES, WAIVERS AND EARLY HANDOVERS, AS WELL AS EXTENDED PAYMENT PLANS, SOFTER INSTALMENTS AND POST-HAND-OVER BENEFITS
EASY MORTGAGE OPTIONS AVAILABLE FOR CUSTOMERS (I NCLUDI NG NON-RESI DENTS) WITH THE LOAN To VALUE
HIGH DEMAND FOR COMMERCIAL AND RENTAL RESIDENTIAL RENTALS IN THE CITY
0% TAX ON PROPERTY OWNERSHIP, RENTALS INCOME AND CAPITAL GAINS
With an annual traffic of 29.1 million in 2021, Dubai International Airport is the world's busiest airport for the 8th consecutive year
70% of the Fortune 500 companies have chosen Dubai as their regional headquarters
Dubai boasts an extremely diverse population, with over 200 nationalities residing in the city
The UAE administration has recently announced two significant relaxations to its coveted Golden Visa. The Golden Visa is essentially a long-term residential permit that allows foreign nationals to invest, work, study, reside and own business in the emirates. As per new norms, the minimum investment to avail Golden Visa has been brought down to AED 2 million, as opposed to AED 5 million previously. Also, the visa will now be extended from five years to 10 years.
Residence Visa
Investment of AED 750,000 or more in freehold properties.
Residence Visa
Investment of AED 2 million or more in freehold properties.
Retirement Residence Visa
Applicable to people aged 55 and older. Investments or savings worth AED 1 million or proof of income of AED 20,000 per month.
Golden Residence Visa
Investments of AED 10 million or more in public investments.
Investments must be held and not sold for at least 3 years.