Dubai is one of the most beautiful and luxurious cities suitable for travellers from across the globe. Apart from having gained much popularity as a tourist destination, this city of radiance has been crawled into by the real estate investors quite naturally. Because of its central location, booming economy and pro-expat policies by government the homes for sale in Dubai have attracted elite investors from around the world.
With more and more of the influxes of High Net Worth Individuals (HNWIs) coming in for Dubai homes for sale we can’t help but wonder – what really makes this city so attractive to invest in? Read on as we unveil the three biggest reasons that make Dubai an attractive option for luxury homebuyers in the HNWIs segment.
The Best Prices for Luxurious Living
Even though it was only in 2002 that Dubai began allowing foreign ownership, the city quickly became known as one of the world’s most glamorous luxury real estate destinations. For every taste of luxury, there is a home in Dubai that meets those preferences.
Knight Frank released their 2019 Dubai affordable luxury market. In AED 3.6 million (or $1,000,000) budget range you can get a spacious 1539 Square Feet ft. of luxury space in Dubai. However, that sum would just get you a 334 sq. ft. in cities like London, New York ft.
Affordability will understandably accuse quality, and to some extent in Dubai that is very true. The high end property projects of the city are such that there is something for everyone and some of well known real estate developers flaunt their skill by bringing in innovative, luxurious homes. Or are you imagining luxury amenities so rare that when your fuel runs out, someone will knock on the door and offer to sell you some?
Buying Supreme properties with more ease
Large, diverse city Dubai is a large and cosmopolitan city that attracts people from all over the world who are in search of luxury. It is one of the wealthiest cities in the globe with its thriving economy; therefore, it becomes an ideal place for investment.
Highly attractive Dubai homes for sale with more than the offer One of the several benefits in acquiring a property within this city is actually its tax gains. The country offers a tax-free mechanism in terms of capital and income for foreign investors, & there is no additional taxation that obstructs the transactions making them comparatively more risk-free hence profitable.
Add to that Dubai’s high ROI for residential real estate, increasing population rate and most of all standards in living so we can easily understand the attraction luxury home specialists have when showcasing their portfolio on homes criteria.
Why Location is Everything
Dubai, being located on the Persian Gulf is neighbored with emirates of Abu Dhabi and Sharjah as well as surrounded by Omani exclave Musandam. Its sandy southern beaches and northern deserts help make it appealing. This makes it even more attractive for real estate investors as the city features islands such as Palm Jumeirah and Deira Island built through artificial means.
Such specific location of Dubai forms a corridor between East and West, which is crucial for business activities. It is strategically located time zone wise to match both the eastern and western business hours. And best air connectivity, you can be in major Asian/European/Middle East city within a day. Now toss is a long-term real estate visa and you have all the reasons why investors are looking into Dubai homes for sale.
Better Invest on Dubai as the Excellent Location
Dubai The attraction of Dubai as a luxury home destination is also well known. With the world-class modern architectures, luxurious facilities and prime locations of luxury apartments for sale in Dubai it ensures an upscale living you will adore to bits. Wanting to live a life of luxury in DubaiWell, for such times and situations; investing your money into properties like Imperial Avenue Downtown as developed by Shapoorji Pallonji is the next best move.
