If you are dreaming of owning a residential or commercial property in the United Arab Emirates then now is the best time to make your purchase, an article from Kippreport.com stated.
The reason why UAE real estate is booming these days is because of the following reasons:
High rental yields
Dubai's rental property market maybe experiencing a slowdown in price growth but experts say that it still has one of the best rental returns in the world. Abu Dhabi offers rental yields as high as 10 percent in key areas, while Dubai offers yields as high as 8 percent.
Economic and political stability
The UAE is technically an oil-dependent region but do you know that around 71 percent of its income comes from other industries. The Emirates has diversified its economy and has been good at it too making it unaffected even with an oil price crunch. Political instability is less likely to take effect since the UAE government has taken smart actions to deal with this situation.
Tax-free environment
In UAE, you don't have to pay any income or property tax and since real estate and income are not taxed, foreign investors can take their huge earnings home!
Infrastructure and ports
Dubai is where you can find the most amazing feats in infrastructure such as the Burj Khalifa in Downtown Dubai, the Princess Tower in Dubai Marina and The Gate Towers in Abu.
UAE has superb motorways and roadways and offers cheap transportation modes for residents. Dubai ports are among the most efficient and modern in the world with the capacity to handle millions of tons of cargo yearly.
The upcoming Expo 2020 which will create more than 200,000 jobs in the region as well as better trade relations are also reasons why you should choose UAE for your next property investment. And if you are looking for top class luxury lifestyle then there is surely nothing to compare to the luxury properties in the UAE. Celebrities such as Brad Pitt, David Beckham, Tiger Woods and Giorgio Armani have chosen Dubai as their vacation getaway, so why shouldn't you?
