Dubai one of the states in the United Arab Emirates (UAE)
seeks today to move away from its traditional oil dependence to a more balanced
one based on tourism and services. As a result, its economy has grown with more
and more tourism resorts coming up to meet this aim. This article will list
three reasons why to invest in Dubai today.
Firstly, Dubai, as mentioned earlier, is becoming a services
hub and in particular a financial services hub, there is going to be an
increase in the number of foreign professionals who are flocking there to work
and with a high pay and tax-free status over there, the average rental yields
of properties, there is above the average. Currently the single room studio
apartments are doing the best in terms of a rental since the expatriates that
work in Dubai tend to be single individuals so this would be a great real
estate investment tip to note if you intend to invest in Dubai.
Secondly, the cost of Dubai property relative to
international standards is still very low and as a result the chance of a large
capital appreciation increase is very high. Coupled with the bullish take on
rentals as mentioned above, the prices of your real estate investment in Dubai
will be set to soar in the next few months.
The reasoning cited by some real estate professionals is
that when US and UK sourced money starts flowing into such properties, the
value of the real estate will reach international standards and you would make
a handsome profit from capital appreciation.
Thirdly, there is currently a Disneyland attraction being
built there and this would result in an increase in tourist visitors to Dubai.
If your property is located near Disneyland, there is a chance that you will be
able to rent out your property to people going there on holiday. As for
problems with rental collections, most real estate companies double up as
property managers and developers so they will be able to handle most of the
payment collections on your behalf.
In conclusion, Dubai represents one of the emerging markets
where your investment dollar may make a lot more. Spending some time
considering whether you want to invest in Dubai property may be worthwhile
when considering the potential benefits involved.
Disclaimer:
This article is presented solely as an example and is not meant to replace
qualified financial advice. If you or someone you know require up to date
financial or legal help please seek qualified assistance. No content on this
site should ever be used as a substitute for direct legal advice from your
lawyer or a qualified attorney.
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