Why and how people invest in Dubai
One of the most dependable ways to safeguard and grow your cash is through international investment. The fact that millionaires and billionaires from all over the world employ this strategy is not a coincidence.
Moving around the UAE is best and easiest by renting a car. You can find different car rental companies such as Dubai car rental or monthly car rental abu dhabi. Renting a car is an inexpensive, and most importantly, a very convenient way to get around, because that’s how you don’t have to wait for buses and adjust to the public transport schedule. Rent a car, enjoy business trips, family trips, or trips with friends.
Property
The richest people on the planet buy property in Dubai not only for living but also for investment. Of the world stars – Robert De Niro, Madonna, David Beckham, Giorgio Armani, and others.
Profits
Contrary to popular belief, Dubai real estate is not often valued in the millions of dollars. Apartments in peaceful green neighborhoods start at $150,000, which is comparable to prices in other major cities. The complexes offer everything you might possibly need for daily life, including parking, swimming pools, gyms, restaurants, and kid-friendly spaces.
When paying in installments for an apartment in a new building, you can be sure that you will not overpay a single dirham. The payment plan could even look like this: 5% on booking, 35% during construction, 40% on handover, and 20% for two years after handover. Lots of variations.
When considering buying property as an investment in Abu Dhabi, several strategies are suggested:
• Buying off-plan real estate – you buy directly from the developer, according to convenient payment schemes, divided into certain periods. The financial burden is lower than when buying ready-made housing, as is the cost itself. In addition, as the development stages are completed, the price of real estate only increases. Upon completion of the construction, the investor can either resell his asset or start renting it out and start receiving a stable passive income.
• Buying ready-made real estate allows you to immediately start renting out real estate and earn income. But it should be borne in mind that the sale price is higher against the background of off-plan objects, but you can apply for a mortgage and cover part of the costs with rental funds.
Separately, it is worth noting that in addition to residential real estate, investments in commercial buildings, such as hotels, office space or warehouses, are in great demand. In this case, lease agreements are concluded for longer periods (not for 1 year, but even 5 or more), and the return on investment is much higher – up to 15%.
Open a savings account in Dubai
Anyone having a residence permit in Dubai is permitted to open an account with a financial institution in the region. For non-residents, the situation is different because the service is pricey and not available to everyone. By the way, when you own property in Dubai, getting in touch with any local bank is much simpler. Even if your resident visa has expired or never existed, you are still able to establish an account via the quick approach. The national average rate varies depending on the size of the deposit and is 1% annually.
Open a business in Dubai
Numerous well-known businesses have already moved their operations to Dubai. Microsoft, Nokia, Sony, Boeing, Shell, Procter & Gamble, Adidas, and BBC World are just a few of them.
Benefits of doing business in Dubai:
• Complete absence of taxes;
• Favorable location;
• Stable currency;
• It is easy to adapt and find your target audience there;
• All documents can be finalized in a matter of weeks since the government wants to draw in foreign businesspeople.
Dubai is developing at a tremendous pace. Smart investors see this and invest, which allows Dubai and the UAE as a whole to develop even faster.
You May Also Enjoy
What landlords need to know about the upcoming Renters Rights Bill
Buy-to-let investors can benefit from 12% price discounts for unmodernised homes
UK estate agents facing heightened competition as agency numbers up 24%
Homeward Bound
Growth in mortgage and rental spending slows for third consecutive month in May
