Today, many visitors choose Dubai as their holiday destination, where you can find the world’s biggest spenders. Also, this city is known as the financial center of the Middle East with no tax percentage and zero crime rate. All these points and many other factors have made Dubai one of the most important real estate markets in the world, where you can find many tall buildings such as Burj Khalifa, Palm Jumeirah and many prominent real estate developers such as Amar and Deyaar. Now, if you are interested in buying a property in this wonderful city, you must first learn about the best developments in Dubai to buy property. Keep reading and learn all the important details about it.
Why do people choose Dubai developments for investment?
I mentioned earlier that many investors choose a property for sale in Dubai as a profitable choice due to low tax rates, high rental returns, and freedom to do business. Now, I would like to go into the details and explain why Dubai is among the 10 best places to live in the world.
● All Dubai developments are tax-free:
This is a special privilege for investors who want to buy an apartment for sale in Dubai. Based on this point, you should not pay any Value Added Tax (VAT) for the residential property that you buy as an investor or end-user buyer. Also, I have to mention this city is famous for its zero Income Tax rate.
● Dubai’s free and open system:
You might have heard about the FDI (Foreign Direct Investment) factor, which has had an upward growth in recent years in Dubai. And based on the real estate professionals this growth is because of some main factors, such as private sector regulation, minimal government control, and open economic policies.
● Dubai developments’ easy payment plans:
Today, many great residential projects are developed by famous developers, such as Emaar new projects, Dubai properties projects, and so on. And the best point about all these real estate projects is that they offer attractive interest-free payment plans. It means as a buyer, you can choose the home of your choice among Dubai developments and not have to worry about the huge amount you have to pay initially as you can pay it off in affordable payment plans.
● Dubai’s strategic location:
I want to mention Dubai’s strategic location as the second advantage of Dubai developments. Each year, many investors from over the world invest in this city’s developments because it is located at an intersection between Europe, Asia, and Africa, which means you can easily access the most important international emerging markets.
● Dubai’s first-class infrastructure:
This point is an advantage that comes as a result of the smart policy of the Dubai government. For years, they worked hard on developing different first-class infrastructures, and investments in telecommunications, transport, and industrial infrastructure. And now, these points help Dubai be one of the most attractive real estate investment destinations in the world.