Travel and Prosper: Find the Perfect Property in Dubai for Expats
Dubai has been the gateway to wealth for many expats and investors worldwide. You, too, can now key into the amazing benefits of the city vis-à-vis the travel and tourism prospects. If it is to be nicknamed in the sense of this article, it would be perfect to call Dubai the hub of many wonders and home to travel, tourism, and real estate.
Travel Prospects in Dubai
According to Emirates.Estate, Dubai is a highly frequented location for expatriates to travel to. Other than the city’s tourism prospects, there is a unique feel that comes with vacationing in the city. Such that even if you decide to lounge in any part of the city merely, you are likely to have an amazing time. How, then, can one categorize the travel prospects in the city?
1. Firstly, it is central to Asian, African, Arabian, and European countries. This is because it is either closely bordered by countries in those regions or related in trade with them. The surrounding countries to Dubai, for example, are Oman, Qatar, Jordan, Turkey, and Pakistan – from that combination, you can see the Asian and Arabian connection/ proximity to Dubai. Furthermore, it is close to Europe, particularly through France, Switzerland, Georgia, etc. At the same time, it is quite close to West Africa, particularly Ghana, Nigeria, and Rwanda, and not so far from South Africa. As a result of its central nature and Dubai’s fame for quality fabrics, clothing items, and many other location attractions, it is regarded a good travel location. People go in and out for commercial and business purposes.
2. Secondly, on the travel prospects, Dubai has a very relaxed immigration policy. Although it does not play with its laws on religion, modest dressing, road traffic, and all such unique provisions that are not standard or which cannot be easily found in European countries; once you enter the UAE legitimately, it is easy to stay, have a decent life, and grow in Dubai. With the relaxed immigration laws, there are various routes, such as study routes, travel and visitation visas, work visas, etc., which allow people to move, explore and live in the city. This increases the factor of immigration and Dubai as a travel spot.
3. Finally, Dubai is a travel hotspot because of the affordability of life in the city. It may appear odd, but if you choose to live calmly and within budget, you can still do so in the city. The city has various centers and corners for all classes of people, and they are positioned in an integrated way so that you can live on a lean budget and still be in town. Also, food from local open markets is quite affordable, with all kinds of protein options.
The three points above make it a very desirable place to travel and migrate to in the UAE and indeed in the world.
Real Estate Prospects in Dubai
Other than the travel prospects of Dubai, there is an equally enormous real estate prospect in the city. When these two are combined, people get to benefit greatly from any property in Dubai for expats. The easiest way to link both concepts would be to understand that where there are travel turnouts, there are likely to be real estate movements and growth.
Best elite communities to travel and invest in Dubai
Consider some of the elite locations for a real estate engagement below. In these places, you can travel, tour, and also invest:
1. Umm Sequim: For the rental average of about 100,000 AED, you are set for an amazing investment in Umm Sequim, one of Dubai’s most exotic
2. Mirdif: The average rental value for apartments in Mirdif is about 50,000 AED. The location is peaceful and comprehensive, with access to medical centers and many attractive locations, such as a Park, and multiple communities, from uptown to central Mirdif, etc. Malls and all essential markets are present.
3. Arabian Ranches Another prime site is the Arabian Ranches. Premium for villa properties and an annual rental average of 150,000 AED. It is a prime location for the reach.
4. Palm Jumeirah: The Dubai Palm Jumeirah is as sophisticated as available; there are locations for the extremely wealthy and for the ordinary people too. The expensive high-class apartments/building have an annual rental yield of about 165,000 AED.
5. Downtown Dubai: Downtown Dubai is home to Burj Khalifa and many other skyscrapers and lovely locations. It is a social magnet with varying apartments ranging up to 150,000 AED annually.
Investing in any of these prime locations is a gold mine because real attention is placed on the people living there, and there is a higher turnover in the area.
What to expect from travel + real estate in Dubai
Real estate has been a big deal in Dubai for a long time. Even when a steep fall was predicted, the market bounced back quickly. Some nay-sayers expected that with the high number of investments in the city, the realty sector would have crashed by now. However, it is as unshaken as before. In fact, when compared with other prime locations, it bounces back faster in economic crisis (take the Covid 19 pandemic, for example). So, what do you expect?
Firstly, you can expect a minimum profit of 5%, going up to 8% per annum on landed premises. It is entirely left to you and your plan if you choose to sell or lease. Secondly, you can expect quite luxurious living in the city, due to its high-quality real estate and a lovely-welcoming economy. Thirdly, you can expect high turnover and ease to sell or dispose of the property when you are ready to let go.
Conclusion
Finding the perfect property in Dubai is a crucial step for expats looking to embark on a new journey of success and prosperity. With the right guidance and resources, expats can turn their dreams into reality and enjoy all that Dubai has to offer.
You May Also Enjoy
Victorian homes reign as most sought-after period property style
Average 5-year fixed mortgage rate now above 5% for first time since January – Rightmove’s weekly mortgage tracker
Breaking Property News – 07/05/24
Real Estate Lawyers: Who They Are and What They Do?
Weekly News Roundup – 03/05/24