Dubai Real Estate Market is booming. Investors from across the globe are now becoming more and more aware of Dubai as an ideal Real Estate Investment Hub.
Some of the reasons for Dubai being preferred lifestyle and real estate investment destination shared in this article.
1. Attractive Rental Yields
Dubai is comparatively having higher Rental Yields compared to most other Mega Cities of the world. The local currency being pegged to USD is another factor after the recent drops in GBP and EUR for international investors.
2. Fast Growing Population
The population of Dubai is projected to nearly double in the next 20 years, according to experts who predict a fresh wave of post-pandemic immigration.
Experts anticipate the growth will drive the need for new schools and hundreds of thousands of new homes, with some new arrivals expected to be from Russia and Sub-Saharan Africa.
Dubai Statistics Centre’s population counter, which records growth using residency visa data, showed the city hit 3.5 million in April 2022.
3. Ranked Amongst Safest City in The World
Dubai maintains one of the world’s lowest crime rates. Tourism is a big industry here, so you can encounter the same petty crime like pickpockets, but even that is rarer than in many other major cities.
Investors are attracted to Dubai for being a safe place not only to invest but also to live.
4. World Class Infrastructure
Dubai boasts a world-class infrastructure, well-maintained roads, excellent public transport and connectivity. But great infrastructure is just one reason why Dubai is a global trade center.
5. Major Global Aviation HUB
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Today, the Dubai International Airport (DXB) is the gleaming aviation hub of the region, with more than 1,100 aircraft movements of international flights each day. Because of its strategic location and highly developed, state of the art Aviation Facilities it has become the preferred connection between The East and The West.
With number of passengers passing through Dubai growing every year it will retain its position as Busiest International Airport of The World in future.
6. World Class Entertainment Facilities
Being home to multiple theme parks, water parks and Biggest Indoor Theme Park in the world Dubai offers its residents and tourists some Major attractions and entertainment outlets. Mega Malls, Pristine Beaches, Open Desert Adventures and much more makes Dubai an entertainment destination for all types of tourists.
If you are looking to invest in Dubai property market you can trust us for your valuation requirements, Credence & Co. is one of the leading valuation companies in Dubai that possess the right team abilities and knowledge to deliver.
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