Dubai’s popularity
Over the past 20 – 30 years, Dubai has transformed into a top global destination and the richest city of the Middle East, attracting investors, businessmen, and other successful people from all over the world. With the economic uncertainty in many countries, COVID-19 restrictions, and political turmoil, many have been considering houses for sale in Dubai the UAE for the sake of relocating for permanent residence there. Here are the things you need to take into account before you make the final decision.
Diversity and safety
If you like socializing with people from different countries and feeling safe outdoors, buying real estate in Dubai, the United Arab Emirates is a great option for you for the following reasons:
- Meeting people from around the globe
Nationals of other countries account for 85% of the Dubai population
- English is universally understood
You do not need to learn any other languages to get around and have a great time
- Public safety
Three UAE cities – Dubai, Abu Dhabi, and Sharjah – made it to the list of top ten safest cities of the world in 2020. The punishment for crime is often severe here, so it’s not unusual to see a luxury car parked with the keys in the ignition or a laptop left sitting on a table for half an hour. Families with children that purchase foreign real estate here are sure to appreciate such level of safety
Lifestyle
Wealthy people from all over the world flock to this emirate to enjoy first-rate services. It is twice as expensive to live in Dubai compared to other locations in the UAE, so this is a place with the finest dining options, including Michelin-star restaurants, exclusive clubs, yachting, golfing, and other features of truly luxurious living.
This inevitably affected the cost of living and the rent. Rentals in Dubai surged over the last several years, particularly in areas with apartments where expats prefer to live. An average house in this emirate currently costs around $670,000. All this is extremely good news for potential investors who can expect a high ROI on their buy-to-rent properties.
Innovations are a staple of the Dubai development program implemented by the Government of the UAE, which made it to the list of top 35 most innovative countries worldwide. The Smart Dubai initiative includes digitization to avoid paper document circulation, universal implementation of artificial intelligence, and beneficial terms for startups. Tech entrepreneurs are welcome in the UAE and are eligible for residence visas.
Public transport in Dubai is famously well-developed and varied, with buses, water taxis, ferries, trams, metro, and monorail available to young professionals who purchase real estate in the downtown and want to avoid the car traffic in rush hours. Metro is a popular and cheap way to reach different destinations. A single trip costs only AED 3.5. The lowest taxi fare is AED 12, and it’s also very convenient and fully digitized thanks to the Smart Taxi App.
Climate and nature
Many retirees from colder countries or families with children purchase Arabic property to live in a place where it’s always sunny. Temperature in Dubai hovers around 20 ⁰C in winter and spring and soars all the way up to 40 ⁰C during the summer. Fans of sunbathing, swimming, and beach leisure should consider buying a villa on Palm Jumeirah or another seaside community in Dubai. The best listings can be found on the official website Emirates.Estate that features verified offers from developers and real estate agencies.
Along with numerous opportunities for doing all kinds of water sports, Dubai is great for bird watching. As many as 320 species of birds can be observed in Dubai during the migration season.
Buying a home in Dubai
These are only a few suggestions among numerous reasons to move to this emirate. More popular incentives include the lenient tax treatment with zero personal income tax, architectural and engineering wonders of the modern world, and much more. Start looking for a home in Dubai today to make this dream come true for you.
