Dubai is the Best City to Live and Invest

In the modern world picture, Dubai holds a top position and deserves it. This city appeared in the desert as a mirage and has become a future spaceport where different races, religions, and cultures intersect. Here, business meets beach holidays, and innovation perfectly coexists with ancient traditions. To be tolerant and productive.

Dubai has the tallest skyscrapers, the largest shopping malls and theme parks, the most luxurious hotels, and the most incredible man-made islands. The whole city seems to be an exhibition of the highest human achievements. Starting from the ski slopes inside the shopping center and ending with the project of robot taxis as part of the city’s transport system.

You can add the EXPO 2020 exhibition with pavilions from 197 countries of the world and the Museum of the Future, which literally takes you to the future years of 2071, to the checklist of technological wonders.

It is no surprise that Dubai has become the world’s top tourist destination, overtaking Paris and New York. Here you can combine a beach holiday at any time of the year with the most amazing entertainment and futuristic sights available to a human being.

Dubai’s multicultural energy and the economic stability of the UAE (the dirham exchange rate has not changed against the dollar since 1997) have made this city a point of attraction to many foreign investments. And real estate has become one of the main areas of capital investment.

1. Safety

Dubai is in the top 10 safest cities in the world for both single professionals and families with children.

2. Law Transparency

The property is easy to buy and register.

A foreigner can acquire full ownership of any real estate in specially designated areas (freeholds), including such popular areas as Dubai Marina, Downtown Dubai, Jumeirah Lakes Tower, and others.

All real estate rights are recorded in the Dubai Land Department, where the owner immediately receives a registration certificate after the transaction.

3. Loyal Tax Policy

Owning and renting a property does not oblige the owner to pay fees within the UAE.

4. Property Prices

Dubai has very competitive property prices for a futuristic metropolis and resort city. For example, the apartment price can start from $2,000 per m2.

5. Flexibility in Property Rights

Real estate can be bought and sold at any stage of readiness.

6. High Return on Investment

Renting a property in Dubai is in high demand among ex-pats coming to live and work in the dream city and tourists visiting for relaxation and vivid impressions.

The return on investment in real estate in Dubai is one of the highest in the world. For example, return on investment (ROI) goes from 8 to 15%, and gross rental income — is about 5.19%.

In Dubai, you can get a significant passive income from renting out — at the level of 7-8% and even higher, especially since, in the UAE, rent is paid for a year in advance.

7. Remote Rent Out

Renting out real estate is possible without coming to the UAE. It can be just enough to arrange property management services.

8. Attractive Mortgages

For non-residents, they range from 2.5 to 5.75%.

9. Cryptocurrency

There is a wide range of offers to buy real estate for cryptocurrency in Dubai.

10. Resident Visa for Real Estate Investment

A 3-year visa is issued to an investor who has spent AED 750,000 (USD 204,000) purchasing real estate in Dubai. Residency opens up many opportunities — from 0% taxes to direct access to local stock markets.