While there are ups and downs in the global real estate market, Dubai remains right at the top and these 7 factors make it a heaven for the international property investors.
Economics growing consistently
One of the biggest benefits of buying a property in Dubai is that the economy of this innovative city has grown at a good pace in recent years. Although rich in oil, the Arab emirates have been suffering a lot from recent oil crises. While Abu Dhabi is still heavily dependent on oil and has only recently decided to diversify its economy, Dubai has made the decision to change course in the past and today flourishes as a champion of planning, diversification and economic growth in the region of the Arab Emirates.
By the time it entered the second decade of this century, Dubai had already cut its dependence on oil revenues to such a level that in revenue generated as of today, oil accounts for only about 5 percent of Dubai’s economy. By the beginning of 2015, Dubai had already become one of the 5 fastest growing economies in the world.
Consistent Population Growth
Dubai is a cosmopolitan city where people from more than 200 different countries are residing, and, the population of the city increases day by day. One of the biggest benefits of buying a property in Dubai is that, people from all over the world are coming here in search of better career and business opportunities. All these people need a place to live when they settle in the city, and no one will stay in hotels for the rest of their lives, right?
Consistent Development & Innovation
Dubai is far ahead on the road to become the most intelligent city in the world. There is always something new and innovative in Dubai, which is also one of the biggest benefits to buying a property there. The innovative ideas designed and implemented by the Dubai government are a healthy sign that buying property in Dubai will be the best decision of your life.
Ministry of Happiness
This may be an unusual benefit to buying a property in Dubai, but it is true. Yes, Dubai has a minister of happiness. The innovative government of Dubai is always working towards making the lives of its residents better and keeping them happy.
With this innovation and dedication to the general public, one can only imagine how much your real estate investment will flourish in the next few years in Dubai.
Amongst many benefits of buying a property in Dubai, one of the most important is the sense of security that Dubai residents can enjoy. This is one of the main reasons why people find it reliable to come to Dubai and start their new lives here. While many countries in the Middle East region have been facing fair share of political disruption, Dubai remains the most stable city in the region.
Theft or robbery is something that is unheard of in Dubai and this can be considered as the best of the benefits of buying property in Dubai.
Residence to Owner Visa
One of the biggest benefits that you can enjoy when buying a property in Dubai is that you become eligible to get a resident visa based on the purchase of your property. To get an investor visa when buying property in Dubai, one will have to apply from the City Department of Dubai.
Variety of Options
When it comes to investing in the Dubai real estate market and enjoying the benefits of buying property in Dubai, there are varieties of options available to choose from. The two main categories are residential properties and commercial real estate. If an investor plans to invest in a residential property, he/she can either buy an apartment or a house and if the plan is to invest in commercial real estate in Dubai, investors have options ranging from offices, commercial stores and even industrial sheds.
These 7 things make Dubai a heaven for the international property investors as very few cities including Dubai gives such a huge amount of advantages and benefits along with such healthy returns to the real estate investors.