Known for the tallest buildings in the world, the record-breaking statistics, and the omnipresent opulence, Dubai is one of the most attractive places to buy property. Geared towards tremendous economic growth, Dubai is set to thrive in the following years attracting global talent, increased amounts of Foreign Direct Investment, and even more impressive projects.

Here are the top 10 reasons why Dubai makes an excellent real estate investment opportunity:

1.  No Annual property taxes

Dubai has no property tax, or capital gains tax, making the Emirate the best place to invest. Once a property is purchased, owners will not pay additional taxes in the future only the one-off real estate transaction fee.

2.   Outstanding financial rewards

Dubai has the 5th highest performing economy in the world. The government is dedicated to making the Emirate competitive across the globe by constantly introducing new measures to improve the business environment and promote long-term growth.

Individuals who are investing in Dubai property enjoy flexible payment plans, tailored to their financial status. With an unlimited remittance limit and a very stable currency, pegged to the dollar, Dubai is offering unparalleled financial security. Investors prefer Dubai because it’s developing quickly to a solid investment choice, with easy exit and a guaranteed 10-year visa in many cases.

The Emirate’s increasing population ultimately increases the demand for new homes. Each year Dubai is growing, while the market is maturing to include prestigious projects from well-known established developers.

3.   High return on investment

Dubai’s spot on the map and its definite luxury status exhibit the durability and top position of the city on real estate worldwide. Dubai ranks between the world’s ‘emerging cities’ and ‘new world cities’ as a city with superior live-ability. Buy-to-let investors in Dubai can achieve higher rental yields compared to other mature property markets.

4.   Strong Infrastucture

Dubai’s real estate sector is all set to gear towards a smart recovery, due to investors’ unshakable confidence in its promising infrastructure development and is one of its major strengths. One of the most important factors to comprehend is why to invest in Dubai real estate sector, considering regular increments in developments taking place. It is one of those cities that provide exceptionally well infrastructure and a high standard of living that continues to advance.

5.   Dubai Expo 2020

Expo 2020, is one of the largest events held in Dubai. The exhibition was the largest global business event held worldwide. It shows Dubai’s commitment to economic growth through massive opportunities for potential entrepreneurs and investors.

6.   Exceptional hospitality

7/10 of the world’s tallest hotels are in Dubai. Dubai is a global destination, attracting high-net-worth individuals looking for unique experiences. Catered to those with eclectic tastes, Dubai is a retreat of the connoisseurs with avenues to reveal the vibrant high life and food that tantalizes the taste buds.

7.   The business hub of Middle East

Dubai is a true axis of international trade, a gateway to the Middle East, the Indian Subcontinent, and Central Asia. Home to ⅓ of Fortune’s Top 500 Companies, Dubai attracts business talents from every part of the world.

Rightfully gaining momentum, the Emirate is offering an excellent legal framework for businesses to grow and a free enterprise system. Business leaders view Dubai as the untapped area where tremendous growth is set to happen.

8.   A shopping paradise

Dubai hosts some of the largest malls in the world, featuring the latest trends and attracting shopping aficionados from across the globe. Ranked as the most important international shopping destination globally, and currently has the largest shopping mall in the world, the Dubai Mall.

9.   The happiness goals

Dubai seeks to become the happiest place in the world. Adopting a globally unique, science-based, and methodical approach, the Dubai Happiness Agenda measures, impacts, and sustains happiness for the whole city, created to increase satisfaction among residents and encourage positive psychology.

10.   Unrivaled real estate projects

Innovative real estate projects in Dubai with record-breaking sales. Potential investors who are looking to live Dubai’s high life to the fullest will benefit from properties in stellar real estate in Dubai.

To learn more, contact Concept Elite through their website and an Investment Specialist will guide you.