Buy realestate in Dubai’ is a common phrase that residents often read. Whether it is
through social media or the local newspaper, investing in real estate has and
will be advertised for a long time. Despite the images of well-furnished homes
in beautiful locations, people continue to ignore it. One of the primary
reasons why readers disregard these advertisements is due to the lack of
answers. Two common questions always asked is ‘why should I invest in real
estate’ and ‘why invest in Dubai.’ Therefore, moving forward, we will provide
the answers to your frequent questions.
Why invest
in real estate?
Statistics
published in 2017 revealed that 90% of millionaires increased their wealth through
buying property. Later in 2019, CNBC interviewed nine advisors from The Oracle
to test if the statistics were accurate. To everyone’s surprise, the article
concluded that investing in property successfully multiplied income.
According
to reputable sources like Entrepreneur, Forbes, and Investopedia, real estate
is an excellent investment that promises an attractive and stable income. The
key advantages of investing in real estate are higher return, high tangible
asset value, and tax benefits. In other words, since real estate is a tangible
asset, the amount of money increases over time. Additionally, having complete
control over the property allows you to sell when the market improves, thereby
building equity. Along with increasing income, real estate comes with numerous
tax benefits. “While I suggest diversifying your investments, there is no
better place to park your money than brick-and-mortar investments you can live
in and enjoy. When you invest in your surroundings, you invest in yourself,”
Holly Parker told CNBC.
Why invest
in Dubai?
Dubai, as
we all know, began with a humble background and has evolved into a dynamic
country. With state-of-art infrastructure, the land is built with a vision of
the future. Thanks to their magnificent skyscrapers and numerous
entertainments, the UAE has become a popular tourist destination. Therefore,
while investing in Dubai, you are spending on land that boasts a safe and
thriving economy. In 2019, UAE ranked first in the region for the ease of doing
business. The results were based on parameters like starting a business,
dealing with permits, and registration of property. Additionally,
GOBankingRates revealed that UAE is the second-best country to purchase a
rental property out of the 25 countries surveyed. Continuous advancements
combined with the ease and high returns have resulted in UAE becoming an
excellent investment.
In
conclusion, investing in Dubai properties proves to be an excellent source for
maximizing your income.
