Dubai has been in the spotlight for several years now. This is not surprising if you think about all the advantages that this city offers to its inhabitants: year-round sunshine, endless activities.
Above all, Dubai offers a tempting investment prospect thanks to the quality of its infrastructure, its tax policy and the ease with which foreigners can settle there.
So, is Dubai an Eldorado for investors? We explain the good reasons to invest in Dubai.
Summary:
A city where life is good
A profitable investment
Reduced formalities for foreigners
A city where life is good
As soon as you arrive in Dubai, it is easy to understand what attracts the curiosity of the thousands of tourists who flock there: the architecture of the city, dominated by the Burj Khalifa, made eternal by Tom Cruise's vertiginous stunts, forms a cocktail of modernity, excessiveness and striking grandeur.
When you move there, you quickly realize another element that makes the difference: in Dubai, the sky is almost invariably blue, and there are no more than twenty rainy days per year. This is a sobering contrast to European countries, where the average is between 100 and 200 days of rain per year.
And there is no shortage of activities: between the beaches, a shopping culture that rivals New York's Time Square, the possibility of going on excursions into the desert and skiing in all seasons, Dubai knows how to keep its inhabitants busy. And last but not least, the city is one of the top 10 safest metropolises in the world.
A profitable investment
Dubai's real estate reflects the city's infrastructure: solid, modern and of excellent quality. In fact, the average range of homes available for purchase is of a standard that would be considered luxurious in Europe. From this point of view, contrary to a widely held belief, no doubt relayed by the many social network influencers, real estate prices are far from being exorbitant. In a word, the value for money of a real estate investment in Dubai is one of the best we know of at iKeys Realty.
Recently, the Dubai real estate market has gone through a period of falling prices, like much of the rest of the world, making it an ideal time to invest. The prospects for returns in the market have never been better, especially buoyed by the Emirates' policy of making the city a leading player on the international stage.
Finally, a key element to understand for any investor is the tax system. On this point, the bargain of investing in Dubai is almost without comparison in the world: no income or corporate tax, and no taxation on capital gains on resale.
Little formalities for foreigners
On the practical side, Dubai continues to pursue its generous, foreign-oriented policy.
Firstly, payment for a property is made extremely simple and light by the possibility of gradually paying the amount of the investment for off-plan purchases, especially according to the progress of the project.
Then, it is relatively simple to become a resident in the Emirates. Either by creating a freezone company, which allows you to obtain a 3-year renewable visa for yourself and your partners. Or by purchasing a property worth more than 1 million dirham, or about 250,000 euros, which allows you to obtain a 6 to 24 months renewable visa.
To conclude, contrary to the idea that many Westerners have, life is certainly expensive in Dubai, but mainly because of the rents. If you take this element out of the budget, you will quickly realize that the rest of the activities, with equivalent quality, are relatively cheaper than in Europe.