Benefits of Buying a Home in the UAE
Buying a home is not an easy decision. It may be a decision that you take once in a lifetime. If you make the wrong decision, you may regret it for a long time. Not everywhere is suitable for buying a home, and investing your money in a redundant home is no fun. That's why we want to help you to buy the home that you always dreamed of.
One of the best places in the world to buy a property is the UAE. With its well-developed and modern infrastructure, the UAE never fails to impress. Buying a property in the UAE is tempting for many. If you want to live in one of the prosperous and well-developed countries in the world, we will explain why you should invest your money in the UAE to buy a home.
If you have been living in the UAE for a while and paying rent, you may probably complain about the rent prices. So, have you ever thought of buying a home? If you gain a minimum of 15000 UAE Dirhams per month, you are suitable for applying for a mortgage. During the last few years, the UAE's real estate market has been developing increasingly. Buying a home in the UAE can be a pretty rewarding experience. Recent data also lists Dubai as the most affordable city compared with major business hubs such as New York, London, Hong Kong, Singapore.
There is no meaning in investing your money in a town that nobody wants to stay in. That wouldn't provide you any profits. When you look at the cosmopolitan cities in the UAE, you can easily see the population is growing increasingly, and many people around the world are willing to migrate. Many ex-pats came here for better career opportunities and better living conditions. According to World Population Review's information, Dubai's population increases at a rate of %10,7 per year, whereas Abu Dhabi grows at approximately 2% for three years, according to macrotrends.net.
The sun of the Emirates never leaves. It is sunny all year round. If you are a summer person, you will love the weather in the UAE.
The United Arab Emirates is a very safe country. Many people say that it is one of the safest countries in the world as it ranks 31st in the ranking of the safest and most dangerous countries. When planning to buy a house in the UAE, safety is not a problem.
Higher Rental Return
In the city of Dubai, being a property investor may be one of the cleverest moves in your whole life. Compared to other major real estate capitals, Dubai can provide you with much more profit. Your Dubai property can generate at least %5.82 rental return. Also, investing in Abu Dhabi is pretty much the same as investing in Dubai, as it has one of the highest rental yields in the world. Pretty much the whole UAE is the same.
It may surprise you, yes, but the UAE has no property tax. That means once you register your property and paid the registration fee, you will not pay any tax to the government. This fact alone contributes to the higher rent yields.
In the UAE, you will witness the constant development of the country. You can notice that the UAE is already well-developed, but the process is still going on. With its prosperous economy and mass-developed buildings, the country attracts many tourists around the globe. So, the tourists will need a place to stay, and it can be your place.