Dubai will never settle for anything less than the first place!
- Sheikh Mohammed Bin Rashid Al Maktoum
Dubai offers more attractive rental yields when compared to many other well-established real estate markets. Investors can typically expect gross rental yields ranging from 5 to 9 percent, which are considered favorable. Even amidst the market's perceived deceleration, Dubai continues to deliver higher rental yields for buy-to-let investors in comparison to other mature property markets.
Dubai stands out as the most cost-effective global investment destination due to its exemption from land or capital gains taxes. This favorable tax environment contributes to the affordability of investing in the city. Once individuals acquire a property, they are only liable to pay a single real estate transaction fee, eliminating the burden of ongoing taxes typically associated with property ownership in other jurisdictions.
Dubai holds a significant position as a global hub for international trade, functioning as a pivotal gateway to the Middle East and facilitating vital connections between the East and West. The city's appeal is further heightened by its status as the headquarters of one-third of Fortune's Top 500 companies, a number that continues to expand at a rapid pace. This dynamic environment attracts business talent from around the globe, drawn to Dubai's unparalleled opportunities for professional growth and success.
Under the recently introduced visa laws linked to property investment, investors now have the opportunity to acquire a residency visa. This new residency visa, which extends up to a period of ten years*, is anticipated to generate considerable interest among entrepreneurs, professionals, and creative individuals. Simultaneously, the provision for 100% foreign ownership of companies is poised to attract foreign direct investment and foster the establishment of global corporations within the country.
Dubai boasts a collection of the world's largest shopping malls, showcasing the most current fashion trends and attracting visitors from around the globe. Positioned as an aspirational city, Dubai strives to become the epitome of happiness worldwide. One significant advantage of investing in property in Dubai is the assurance of a secure environment, where minor infractions are infrequent. With its abundant offerings of upscale dining establishments, bars, resorts, leisure activities, luxury goods, and various other elements of a lavish lifestyle, Dubai serves as an ideal destination for both residents and tourists alike.
The primary responsibility of a city is to prioritize the well-being of its residents and visitors. The Dubai Happiness Agenda employs an exceptional, evidence-based, and systematic approach to assess, influence, and maintain the happiness of the entire city. Presently, Dubai stands out as a renowned destination that brings joy to individuals who live there, visit, or simply hear about it.
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