Thanks to the Dubai’s initiatives of digitizing its official processes, buying properties here is a piece of cake. Without worrying about special visas or lengthy paperwork/approvals, all you need is to find a property to buy, pay the owner and become the new owner.
If that wasn’t interesting enough, buying property worth more than AED 1,000,000 automatically gets you a residence visa, allowing you to live a luxurious life in the shopping capital of the world.
All sorts of incomes in Dubai are tax free and no taxes mean companies can offer attractive salary packages to employees. This in return attracts a large number of expats, including Indians, to the emirate.
Coupled with the high-end lifestyle of the emirates and the flexible payment plans offered by property developers, it’s no surprise Indians converge on Dubai the year round.
The Expo 2020 will be huge and it’s taking place in Dubai. The emirate is aiming at hosting 25 million visitors in event’s six-month duration and this opens up massive chances of multiplying profits for businessmen and development opportunities for real estate developers.
Masons, architects, marketers; the event is bringing opportunities for all. Starting up a business or investing in a stake in Dubai is not only easy, it also promises mammoth gains in the future.
As real estate property continues to become pricier in India, Dubai becomes increasingly attractive to Indian investors. With $1 million getting you a mere 96 square meters of land in Mumbai and the same fetching a cool 145 square meters of luxury property in Dubai, why wouldn’t Indians invest in the emirate?
So what are the easiest methods of making money from a home? Online work might be one option, but the best method is renting out your property in Dubai. The emirate offers you rental yields as high as 12% of the property value even with studio apartments (per Bayut.com) and that’s the cheapest category of apartments you can buy in Dubai. The Indians are no newbies to this fact and hence they invest in apartments here.
Capital gains are also high in Dubai as it is one of the world’s fastest growing economies. The influx of visitors and tourists is strong and that’s what’s allowing the emirate to multiply its gains. Dubai’s economy has also steered clear from the oil price crunch witnessed by other Gulf countries thanks to the careful diversification of the economy into non-oil sectors.
The ever-increasing strength of the property sector is making Dubai’s real estate more valuable by the day. Considering the development path Dubai is currently on capital appreciation is no less than a guarantee.
Proximity to India
Dubai has a close geographical proximity to India and travelling between these two countries is a mere 3 hour journey by plane. Plus the city has the best geostrategic position for business and trading. In the world of business where time is money, the ease of access to Dubai means investors from India are just hours away from their business interests.
You and your money are safe in Dubai. It goes without saying that a secure and stable business environment is key to pulling in international investors and Dubai offers you just that. The emirate offers you crystal clear, business-friendly laws which are, without any doubt, the ideal ingredients for the perfect investment recipe.
Indians in Dubai
Indians represent the lion’s share of Dubai’s expat population and this is another reason why many Indian nationals are interested in the emirate’s property sector. When Indians visit Dubai, most feel at home. The city is just a cleaner, safer and technologically-advanced second home for Indians.
The emirate features an unparalleled tourism sector that offers some space for every kind of investors. Millions of tourists visit Dubai every month to enjoy the various entertainment facilities it offers and hotel developers also offer people to invest in hotel rooms to benefit from the lucrative returns from the hospitality sector.