If you are interested in owning a property in Dubai you will come across 2 options, off plan and Ready properties, as follow I will highlight on the advantages of investing in a ready property.
In General It is less risky in all terms, especially compared to Off-Plan projects with a high possibility of delay from 6 months to 1 year.
You Buy what you see, you can check the actual property, you will find no changes in the property as compared to a booklet or renderings.
You get the immediate benefit of your purchase by living in the property or by renting it out right away.
Provides an option to get the UAE Residency visa (terms and conditions applies).
You have the possibility of getting a mortgage with a low deposit.
Dubai’s economy is one of the most overlooked factors when making a property investment. Report has it that the United Arab Emirates (UAE) has gone through various economic hurdles over the past decades and has remained stable and robust since then. Abu Dhabi may have suffered the blow of the oil crises, but Dubai emerged to stay strong economically in the whole MENA region.
Therefore, buying property in Dubai is a good investment choice as its market is resilient enough to withstand the economic challenges. Dubai being hailed as one of the fastest growing economies in the world is one of the primary reasons why you should consider buying property in Dubai.
Innovation and Steady Technological Advancement
Dubai is already on its way to become one of the smartest cities in the world. Everyone knows how quickly development took place in the city, transforming it into a smart, modern and iconic city. Dubai is now synonymous with luxury. People travel to Dubai for luxurious holidays, people wish to work in Dubai and live an exciting life. If you buy a property in Dubai, you would be investing in the future.
Living in a modern & smart city translates to utmost convenience; and this is what Dubai wants its residents to experience. With improved public transportation system, advanced facilities and interesting entertainment destinations, more and more people find the emirate as the perfect place to own properties.
You can travel to your workplace with ease through its smart transportation networks. Enjoy the night away with leisure destinations continuously being developed in the city year after year. The Dubai government has been actively involved in developing innovative ideas and smart solutions.
Safe and Stable Environment
Among the many advantages of buying property in Dubai, one is the sense of security that residents of Dubai enjoy. This is one of the major reasons why people relocate to Dubai. Crime is one of the things almost unheard of in the emirate, making it one of the benefits of buying property in Dubai.
An ideal property investment requires a safe community where parents can allow their children to play freely and where they can sleep soundly at night without worrying about buglers.
Note that aside from being equipped with the latest gadgets that can bust any criminal, Dubai has strict and stern policies against crime. Robbery cases are close to none and even petty road fights are resolved peacefully in the city. Being able to walk at peace alone in the night is one of the priceless benefits of buying property in Dubai.
Happiness and Dubai Residency
One of the major advantages of buying a property in Dubai is getting a chance to get a residency Visa in the UAE. This comes with some criteria for residency which includes purchasing a property worth one million AED or more, no mortgage or financial assistance for the property purchase and the property must be conducive for occupancy. Residency in UAE entitles you to a lot of benefits, as opposed to being just a foreign investor.
Although it may sound hilarious but Dubai created a ministry of happiness in 2016. This goes a long way to show how seriously they take your happiness level. The basic duty of the ministry is to develop programs and policies to improve happiness levels of Dubai residents – simply put, they make you happy.
Growing population
One of the biggest advantages of buying property in Dubai is that people from all over the world are coming here in search of better career and business opportunities. All these people need a place to stay after all, no one is going to stay in hotels for the rest of their lives.
Property project launches are estimated to increase as the population grows each year. There is no point having a property in a city where people are constantly migrating out of. That property wouldn’t yield you revenue.
On the other hand, investing in property in a city that has high influx of people would mean high return on investment. Dubai is a modern city where more than 150 different countries are residing and people from all over the world are going to in search of better career and business opportunities.
The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and will reach 5.2 million by 2030. These numbers simply mean increase in demand for housing and properties. You would be glad to know that the average population growth rate of Dubai is 4.7% which coincides with its economic growth as well. Buying property in Dubai would be a great investment