Since the beginning of its development, Dubai has been afamily-friendly city. Every community in Dubai is well designed and planned. Inevery society, you will find public parks, supermarkets, leisure spots, nearbyshopping malls and cinemas, etc.
Dubai knows how to keep its streets and communities cleanall the time. For instance, thousands of people use public transport on NewYear’s Eve, and all gather in downtown Dubai to witness the biggest fireworksshow from the tallest building in the world, aka Burj Khalifa. You won’t find asingle piece of tissue paper on the streets in the morning.
Dubai has excellent healthcare, educational and recreationalfacilities. There are a widespread network of medical centres, public andprivate hospitals, and the city also boasts the best schools and colleges, aswell as major international universities that have established their campusesthere.
All major communities in Dubai are well connected andcovered with the public transportation network. The main commuter service isthe Dubai Metro, a driverless train/tube service.
Dubai is no doubt one of the most secure cities in theworld. Dubai police are famous for their law and order maintaining skills, anddue to strict regulations, Dubai is also very safe from outside threats.
Buying Property As A Holiday Home
Holiday homes make up a thriving property market in Dubai.The favourite destinations for these are Palm Jumeirah, Dubai Marina, JumeirahBeach Residence and downtown Dubai (Burj Khalifa district). Buying a holidayhome in Dubai comes with many perks:
Get A Resident Visa
One of the benefits of buying property in Dubai is that youcan get a resident visa. The property value should be equal to or above Dh 1million to qualify for UAE resident visa. If you are a frequent visitor toDubai, having your resident visa is very beneficial as it allows you unlimitedentries and exits from UAE until its expiration date. The permit can be renewedat the time of expiration.
No Tax On Your Property
Property investorsdon’t pay government taxes on that property. So you are not compelled to rentyour property to cover that expense, and it can be available to you every timeyou visit Dubai.
Sunny All Year Round
Dubai’s weather is sunny most of the year, with a few days of rain. The sunny beaches of Dubai are usually within walking distance of your property and are a great source of leisure.
Lots Of Activities
Dubai has the world’s largest shopping mall (Dubai Mall),and the tallest building (Burj Khalifa), as well as countless otherattractions. The city also has a buzzing nightlife. You can go for nightsafaris or hit any nightclub of your choice.
Buying Property As An Investment
This is the biggest reason why people buy property in Dubaior any other part of the world. Buying property in Dubai secures your future.It is the best way to park your funds and let them grow while you enjoy thebenefits of yearly rental income should you choose to rent your property.
No Property Tax
The absence of property tax is the single most significantbenefit of buying a property in Dubai. Let’s say you have USD 500 000 to investin real estate. If you were to purchase a property in Hong Kong, the tax ratewould be 15% of the purchase value, 13% in Singapore, 2.33% in London and 2.21%in New York.
Dubai offers higher rental yields: None of the major cities(London, New York, Hong Kong, Singapore) come close to the rental yield offeredby Dubai. According to the Global Property Guide, Hong Kong offers just 2.82%return on your investment. Singapore has an average rental yield of 2.83%,London comes at number three with a rental yield of 3.21%, and New York offersan average rental yield of 3.91%. Dubai is number one, with a conservativeaverage rental yield of 5.82%. In certain areas of Dubai, the rental yield goesabove 10%.