Invest in Real Estate

The evolution of the UAE from a simple Gulf port to an extraordinarily rich and wealthy trading country has marvelled the world. Dubai and the other Emirate cities in UAE have established a successful business hub along with many career opportunities, tourism, and entertainment. The best investment options in the UAE are the Stock market, mutual funds, fixed deposit, recurring deposit, and to invest in real estate.

The United Arab Emirates experienced rapid growth in the real estate, property, and construction industry. If you closely take a look at the cities of the UAE, you will notice how much they invest in building properties and providing it for the many expats working in the company. Since many expat workers are migrating to Dubai and increasing the population in the cities, the need for more properties also increases over the years.

While Abu Dhabi generates a massive growth in the oil and gas trading operations in the UAE, Dubai on the other hand focuses its economic growth by building the best hotels in Dubai and attractive holiday destinations in the tourism industry and the development of the real estate. Dubai has become the most visited holiday destination in the tourism industry. Being the home to many skyscrapers and attractive buildings, the city aims to focus on creating a tourist-oriented business destination in the country. UAE is known for trading and to invest in Oil and Gas worldwide, and it is one of the Middle East countries generating economies with natural resources.

In today’s world, Dubai has aimed to become the center of business opportunities and a holiday destination. The city holds some of the most striking buildings in the world. The Burj Al Arab, the Palm Jumeirah, and the tallest building in the world, the Burj Khalifa, these buildings create an iconic statement for the city.

The decision to adopt the city into creating more tourist attractions, lead to building many properties and an increase in real estate investments.

Properties in Dubai

Emaar International, the property construction company built the Burj Khalifa and many other properties in Dubai. Along with the Dubai shopping mall, Dubai Waterfront, Dubai parks, and hotels & residences all across the city and country.

Real Estate in Dubai

Ever since UAE allowed many migrants from more than 200 countries and nationalities inside the Emirate cities, the rapid growth in the real estate industry also increased. The first villa that accommodated many non-UAE residences in the city were the meadows, the springs, and the Lake. These properties were designed by Emaar properties (the designs are also known as Emirate Hills).

The expanding growth in the economy of Dubai automatically makes real estate one of the best investments in the city and the UAE. The growth of business in the city has increased the demand for real estate residential properties in the city. Silicon Oasis has become one of the residential communities with many migrant workers in the city.

Investing in Dubai’s Real estate

When you buy a property in a foreign city, there are many uncertainty and regulations that you need to follow before owning it. Even though the real estate industry in Dubai has faced many challenges over the years, the industry is growing to become a successful investment option. If you own a house in Dubai as an expat who worked in the country for more than 3 years, you will be eligible to become a Dubai residence in the country.

However, buying properties in the real estate market in Dubai and other Emirate cities is expensive. The luxury cities provide high-quality standards for lifestyle. Hence, before deciding to invest in real estate you need to do marketing research in the industry.

Foreign investors who search for investment opportunities in the UAE have a greater advantage while owning properties in the country. The property owned by the investor remains as a great form of asset to access bank funds in the city. The banking and financial companies in the city are open to many foreign investors. If an investor possesses a property worth funding for then they can set up a business in the city with a trading license. There are many different types of investment programs that require investors to possess a property before applying for a Dubai Investor visa. A foreign investor with a ten-year investor visa and property in the real estate market can reside in the city and sponsor other people.