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Dubai Real Estate an Attractive Investment in 2017

Dubai has always been an attractive place for property and real estate investors. Every year investors observe and speculate some positive changes in Dubai real estate market. Below are 10 driving factors for investors to invest in Dubai real estate.

• Growth In Price Trends

Dubai real estate prices have shown a noticeable growth over the past few years. This has attracted more and more international companies to invest in Dubai real estate market both in terms of construction and tourism. According to many experts, 2017 is the best year to invest in Dubai property. Many investors are turning to invest in Dubai real estate market to bring home their share of benefits that Dubai real estate market has to offer to its investors.

• New Development Projects

While a few potential property investors may keep on holding back speculation choices, new project developments and declarations in the city are expanding housing and investments options for buyers. At the point when there are a ton of successful quick developments, people do see a dip in the secondary market, however it is useful for the fate of Dubai in the long run and will offer a bigger advantages to investors.

• Expo Contracts

Dubai government has decided to grant more than 40 construction and development contracts at the Expo site. The worth of these contracts is approximately Dh 11 Billion. The move is anticipated to quicken financial development in the city. A further 98 non-development contracts worth around Dh 360 million will likewise be dispersed before the end of this year. This declaration is probably going to help increase the demand for housing and will drastically increase the real estate value in the upcoming few years. Considering these facts, it is likely that an ever increasing number of purchasers, who have been waiting to invest in Dubai, will now take advantage of this opportunity.

• Visa- On-Arrivals For Russians

Visa-on-arrival policy is now in practice for Russian citizens, which according to the real estate associations, is a good sign to strengthen the country’s tourism. In the near future, as the number of Russian visitors will increase, there is a big chance of an increase in Russian investment in Dubai and more specifically in the real estate sector.

• Chinese Buyers

Like Russians, Chinese visitors and citizens are also subjected to the Visa-on arrival policy. In the past few years, Dubai tourism industry has recorded a 20% increase in the Chinese tourists which is a major factor in increasing both the housing demand as well as, Chinese investment in Dubai real estate.

• Us Visa Ban Policy

Donald Trump’s dubious visa ban policy is probably going to divert numerous US-bound ventures towards Dubai. The uncertain nature of this policy issued by the US president will make financial specialists suspicious about the investment in the US.

• India’s Demonetization

Demonetization policy from Modi will further increase the Indian investment in Dubai as Dubai real estate offers more handsome returns to Indian investors than they will get in India after this policy. Investors who do not want to take any risks might shift their complete investment to Dubai.

• Newer Locations

Dubai occupants and speculators today have a wide variety of choice to put resources into new locations, permitting them to choose from newly developed societies and projects, those that are more moderate or those that offer more attractive investment returns.

• Global Instability

More than 130 countries and companies have invested in Dubai real estate market which cumulatively makes around 44 billion AED up till last year. Dubai has figured out how to clutch its status as a ‘protected investment city’. Each dip in Dubai has incited a flood of funds and a lift in the general speculation, particularly in the real estate industry. Moreover, this foreign investment amount is expected to increase massively because of the newly developing housing and residential projects in Dubai.

• High Returns And Other Policies

In Dubai there are some polices which attract the investors such as, 100% ownership of the freehold ownership system, 100% exemption from taxes on: rental income and capital appreciation, annual return on investment at 7% (rental rate), good valuation of real estate capital in average annual of 10-15%. These regulation and standards of international real estate investment in Dubai will also play a vital role in increasing Dubai real estate investment.

Author Bio:

Sarah Feldman is working as a correspondent with dubai real estate consultants and doing research about different luxury development projects

This was posted in Bdaily's Members' News section by Sarah Feldman .