Dubai, the ultra-modern metropolis located in the United Arab Emirates, has been attracting investors from all over the world for its booming real estate market. Indians, in particular, have been investing heavily in Dubai’s property market in recent years. In this article, we will explore ten reasons why Indians are buying properties in Dubai.
Ten Reasons Why Indians are Buying Properties in Dubai:
Higher Returns on Investment
One of the primary reasons why Indians are investing in Dubai’s real estate market is the higher returns on investment. Dubai’s property market has been experiencing steady growth, offering an average rental yield of 5-7%. Moreover, the property prices in Dubai are comparatively lower than in other major cities globally, making it an attractive destination for Indian investors.
Investing in Dubai’s real estate market offers tax-free returns to Indian investors. Dubai’s government has implemented a zero-tax policy on rental income and capital gains, making it an attractive proposition for Indians looking to invest in foreign real estate.
Dubai’s strategic location offers Indian investors access to the European, African, and Asian markets. The city is located at the crossroads of the world and is easily accessible by air, making it a hub for international trade and commerce.
Diversification of Investment Portfolio
Indian investors are increasingly looking to diversify their investment portfolio, and Dubai’s property market offers a lucrative investment opportunity. The city’s real estate market offers a wide range of properties, from affordable apartments to luxurious villas, catering to different investment needs.
Safe and Secure Investment Destination
Dubai is known for its stable political climate, low crime rates, and strong legal system, making it a safe and secure investment destination for Indians. Moreover, the Dubai Land Department’s stringent regulations and investor protection laws offer further security to Indian investors.
Quality of Life
Dubai’s high standard of living and quality of life have been attracting Indians to invest in the city’s property market. The city offers world-class amenities, including healthcare, education, and entertainment, making it an ideal destination for Indian families looking to relocate or invest in a second home.
Strong Economic Growth
Dubai’s strong economic growth, driven by its diversified economy and infrastructure investments, has been attracting Indian investors. The city’s real estate market is expected to continue growing, driven by investments in infrastructure, tourism, and trade.
The Indian rupee’s strength against the UAE Dirham has made investing in Dubai’s real estate market more affordable for Indian investors.
The currency advantage has made it easier for Indians to purchase properties in Dubai, providing them with an opportunity to diversify their investment portfolio.
Attractive Payment Plans
Dubai’s real estate market offers attractive payment plans, including post-handover payment plans,
making it easier for Indian investors to finance their investment in the city’s property market. The payment plans have made investing in Dubai’s real estate market more accessible to a wider range of Indian investors.
Residency and Citizenship Benefits
Investing in Dubai’s real estate market can provide Indian investors with residency and citizenship benefits. The UAE government offers residency visas to property investors, providing them with an opportunity to live and work in Dubai. Moreover, investing in Dubai’s real estate market can also provide Indian investors with a pathway to citizenship.
In conclusion, the above ten reasons illustrate why Indians are increasingly investing in Dubai’s real estate market. With its strategic location, tax-free returns, strong economic growth, and high standard of living,
Dubai offers Indian investors an attractive investment opportunity.
As Dubai’s real estate market continues to grow, it is likely that more Indians will look to invest in the city’s property market, seeking to diversify their investment portfolio and benefit from the city’s economic and cultural vibrancy.