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Home»Exclusive news»Is it worth buying real estate in Dubai?

Is it worth buying real estate in Dubai?

June 24, 2019

Located on 72 kilometers of the coast of the Persian Gulf, Dubai is the second largest emirate in the UAE. This emirate is not very large, its entire area is five percent of the entire country. Today, Dubai is not only the largest tourist center, but also the business and economic center of the Middle East. We can safely say that most of the economic life of the Emirates is concentrated in Dubai. Increased the attractiveness of this region for foreign investors, the adoption of a law in 2003, thanks to which citizens of other states received the right to acquire real estate in Dubai. To date, those foreigners who want to purchase real estate in the Emirates have the same rights as the citizens of this country. Investing funds in real estate Dubai, not only profitable, but also promising. Dubai real estate market offers many different options for buying. Villas and Townhai, apartments and apartments located in various areas of Dubai are represented by both not very expensive housing and super prestigious real estate, softly, high prices. Foreigners can also purchase commercial real estate, such as shops or office premises. Acquired real estate in Dubai can be used both for living yourself and for renting. In Dubai, business life is very dynamic and active, for this reason, those who want to rent your real estate will always be found. In addition to investment attractiveness, an important advantage of Dubai is a soft and pleasant climate, safety and comfort of living. An important advantage of this emirate is the lack of taxes and the presence of several free economic zones that attract many investors from all over the world here. Buying real estate, both residential and commercial, excellent investment, with the expectation of the prospect. To date, most investors who invested in real estate Dubai have a stable income from real estate acquired earlier. In the case of successful management and renting prestigious housing, such as villas, on the coast, it is quite possible to earn about eight percent per annum. In some elite areas, rental of residential real estate can bring up to twelve percent of per annum.

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