Reasons to Invest in Dubai Real Estate Properties 2024
Renowned for its iconic skyline, world-class amenities, and breathtaking landmarks, 971Properties Dubai has also built its reputation as a top real estate hub, which is certainly no surprise at all considering it ranked in the top 10 Global Passive Property Investing worldwide (GPPI) in 2024.
As we consistently break records, cementing our position as one of the most appealing passive opportunities and enticing people from all over the globe to look into Dubai real estate, here are the top reasons why it’s worth joining 971Properties.
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- High Rental Yields
Compared to major global cities, like London and New York, with low rental yield, 971 Dubai offers from 2% to 10%, bringing in steady ROI streams. Imagine it — your Dubai investment properties working for you, bringing in a steady stream of top-notch income that you can’t really find in any other major global city.
- Investor-Friendly Environment -
Besides Dubai being a tax haven for property investors (that’s right — no income tax and no property tax), it’s also an incredibly diverse, transparent, and regulated market. Dubai government has created and actively supported an investor-friendly environment by consistently implementing regulations and attractive initiatives for investors globally. Not to mention, the Golden Visa is a huge benefit for international buyers looking to secure Dubai investment properties. - A City on the Rise (Literally) —
Dubai is truly a city that never sleeps and that includes its constant development and innovation! With mega-projects constantly popping up. From the Creek to Dubai Canal, the city continually invests in projects that enhance livability and attract investors. Plus, there’s a lot more on the horizon that has kept the city’s market on its toes, especially branded residences like Atlantis The Royal and One & Only One Za’abeel. Above all, these developments are just proof of Dubai’s futuristic growth and infrastructure as the ultra-luxury living standard starts to take the spotlight.
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- Gateway to the World
Serving as the midpoint between the East and West, Dubai’s strategic location makes it a global hub for business and travel. As it continues to benefit significantly from its booming economy, be it through Free Zones or key initiatives like the Dubai International Growth Initiative, Dubai has solidified its position as the largest business hub in the Middle East. That said, this strategic, business-friendly, and cosmopolitan atmosphere attracts a diverse range of buyers looking for Dubai investment properties, and, consequently, tenants, further boosting the rental market and making your Dubai property even more desirable. - Affordability
This might come as a surprise to many, but Dubai is known to be one of the world’s most affordable markets. Last year, the market average sales per square foot price of AED 1,257, coming off its last high from 2014 — this was recorded as one of the lowest globally when compared to New York, London, and Paris.
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Currently, the average price per square foot stands at AED 1,325. Even with this increase, Dubai still remains far more affordable compared to global hotspot cities. Moreover, property prices in Dubai start as low as AED 450,000 — for a studio apartment. Not just that, but Dubai also has fairly lower interest rates and attractive payment plans which make it even easier for first-time buyers to enter the market and invest in Dubai real estate!
Ready to Invest in Dubai Real Estate?
These are only some of the reasons why Dubai real estate is a promising investment opportunity in 2024. Naturally, every investment comes with its own considerations, so be sure to do your research before taking the plunge. Still, with all these factors in its favor, Dubai might just be the key to unlocking your property investment and wealth-building dreams!
If you’re ready to add some Dubai investment properties to your portfolio, then check out 971properties.rent! We make investing in Dubai real estate simpler, affordable, and more transparent. By offering a variety of residential short-term and long-term rental opportunities to add to your real estate portfolio, you get access to expertly selected properties by our team. Essentially, we help maximize your return on investment and allow you spread your risk across various properties via our fractional ownership model.
Better yet, we provide you with all the market data and property documents you need to invest in Dubai real estate with confidence, while handling all the property management, admin work, and pretty much any hassle, so you don’t have to. So, head to SmartCrowd now and check out the latest opportunities available on the platform. Just invest, and we’ll handle the rest!
