Dubai is the leading destination, both for vacationers and investors, in the Middle Eastern region. From being one of the world's top oil producers, the United Arab Emirates has efficiently transitioned into a business and tourism hub with Dubai as the centerpiece. The city delivers a great combination of superb benefits for businesses, world-class facilities and visionary leadership. For tourists, the city is a shopping mecca with the world's trusted brands like Gucci, Prada and Bloomingdale's building their existence in Dubai. If the prediction of experts are to be reckoned, the city's push for constant development shows no sign of letting up.
This makes properties in Dubai hot commodities. The local government is regularly improving its laws and regulations to stimulate economic growth while tourists are making a beeline to test the numerous delights the city has to offer. Foreign ownership of property is a pretty straightforward affair as the local law enables non-residents to purchase and own property. Outlined are the leading perks of investing in properties in Dubai:
1. High profits in investment
Analysis conducted by real estate consultancy firm CBRE indicates that rental fees in Dubai have gone up by an average rate of 17% with more preferred locations registering impressive growth.
2. Steady source of profit
With the consistent increase of travelers and investors flowing towards Dubai, and with as much as 66 million passengers anticipated to pass through Dubai airport, market demand for property is most likely to have a progressive surge. As a form of hybrid asset, property investments give the advantage of capital appreciation of a stock and the income-generating capability of a bond.
3. Recurring value
Although property value may decrease, properties quite always raise their economic value.
4. Greater control
Contrary to the Forex or stock market, property investment is a simple endeavor, which makes it the best type of investment for beginners. Because the investor is working with an actual commodity, it is much easier for him to grasp the principles as well as broaden his investments.
5. Good collateral
If you are looking for financing for another project, properties act as extremely good collateral that can offer the top deals in financing.
Dubai has several property investment possibilities. If you are seeking to invest in a strong performer, your ideal bet could be to invest in hotel apartments in the downtown Burj area. Downtown Burj area is one of the most sought-after addresses in Dubai associated with the several attractions it offers to both tourists and entrepreneurs. Hotel apartments, in addition, are seen to have a spike in demand as they offer the unique mixture of the homey atmosphere of an apartment with the unparalleled hospitality provided by hotels.
Content resource – damacproperties.com is the premium developer across the Middle East regions with the best support and customer services through its Customer Care Program and vast network via its offices in different countries that include UAE, UK, Jordan, Iraq, Lebanon, Egypt, KSA and Qatar.
No comments:
Post a Comment