The Emirate of Dubai is one of the seven emirates of the United Arab Emirates. It is the most populous emirate of the UAE. The capital of the emirate is the eponymous city, Dubai.
DUBAI, HOME TO AN ICONIC SKYLINE, WARM WEATHER AND OPULENT LIFESTYLES, OFFERS MANY EXCITING INVESTMENT OPPORTUNITIES.
THE UAE IS THE 3RD SAFEST COUNTRY IN THE WORLD, WHILE DUBAI IS THE 8TH SAFEST CITY GLOBALLY ACCORDING TO A REPORT BY NUMBEO.
DUBAI IS THE 21ST HAPPIEST CITY TO LIVE IN ACCORDING TO A WORLD HAPPINESS REPORT
THE UAE IS THE 20TH BEST COUNTRY IN THE WORLD FOR HEALTH CARE, ACCORDING TO CEO WORLD RANKINGS.
DUBAI IS THE 8TH FRIENDLIEST CITY IN THE WORLD ACCORDING TO A SURVEY DONE BY ROUGH GUIDES.
THERE IS NO INCOME TAX ON INDIVIDUALS IN THE UAE.
THE UAE IS CONSIDERED ONE OF THE MOST PROGRESSIVE CRYPTO COUNTRIES IN THE WORLD.
97.92% OF THE POPULATION IS FULLY VACCINATED AGAINST COVID-19, MAKING IT THE MOST VACCINATED COUNTRY IN THE WORLD ACCORDING THE GLOBAL VACCINE TRACKER.
DUBAI IS A CITY OF MANY FIRSTS, WELL KNOWN FOR SETTING WORLD RECORD AFTER WORLD RECORD.
- Home to the world’s tallest tower, Burj Khalifa, which stands 830m high.
- Dubai has the highest number of skyscrapers (>300m) in the world.
- Burj al Arab, a seven-star hotel in Dubai, houses the world’s highest tennis court.
- The Dubai Metro is the longest driverless metro system in the world.
- Standing 250m tall, Ain Dubai is the world’s largest observation wheel.
- Get a glimpse of the desert’s hidden beauty. Go on a desert safari, quad biking or take a camel ride in the Arabian Desert.
- Visit Dubai Mall, one of the largest malls in the world, home to the Dubai Aquarium and Underwater Zoo, an Olympic-sized ice rink, a massive cinema complex and more.
- Take a trip up Burj Khalifa, and get a breath-taking view of the city from 452m high
- Visit the city’s historical and cultural roots at the Dubai Museum and Al Bastakia in the Al Fahidi Historical District
- Learn what tomorrow has in store for this young city at the exciting Museum of the Future
- Relax at one of the city’s many beautiful beaches. With average annual temperatures of 30°C, there’s never a wrong time to hit the sands
- Dubai is full of family destinations that will prove to be fun for visitors of all sizes and ages, such as IMG World of Adventure, the Dubai Safari Park, Legoland Dubai and more
Plan for 2030
- Dubai is heading full tilt towards the future with its planned introduction of the world’s fastest land transportation system
- 25% of all transportation will be autonomous by the next decade
- The Mohammad bin Rashid Al Maktoum Solar Park, the world’s largest single-site, solar park in the world will produce 5,000 MW by 2030
- Dubai’s Industrial Strategy 2030 aims to establish the city as a knowledge-based, sustainable and innovation-centric global and is poised to generate US$43.6 billion in revenue
Plan for 2040
- Dubai by 2050 and beyond Dubai will have achieved the Dubai Clean Energy Strategy under which 75% of Dubai’s energy will be generated from clean sources.
- In early 2019, the city announced plans for the Dubai Future District, the region’s largest district dedicated to developing the new economy
Why Dubai..!!
Dubai has been on investors’ radars for over a decade, courtesy of favourable investment policies. Although the market took a beating during the pandemic, there have been visible green shoots of recovery during the first half of 2022. But, how is its promising real estate advantageous to Indians, and should you invest in a property in Dubai? Dubai-Prime delves into critical details.
Constituting one of the seven emirates of the United Arab Emirates (UAE), Dubai is the epitome of luxury and grandeur. However, much like other markets, Dubai had also been reeling under the pressure of the global pandemic. Reports suggest that property prices in the city had dipped by over 35 per cent during the period. Nevertheless, 2022 witnessed a sharp turnaround with an over 50 per cent increase in sales compared to the previous year. Thus, it is safe to understand that realty activities have picked up in the city. However, does an upward tick in Dubai’s market impact Indians? Can Indians invest in a property in Dubai and make the most of it? Let’s find out!
Benefits of investing in Dubai
High rental yield
Dubai is a global market that attracts individuals from all parts of the world for work, study and leisure. This translates into a high amount of rental activity in the market. As per historical data, Dubai assures lucrative Returns on Investment (ROI). On average, the annual
ATTRACTIVE LOW PRICES COMPARED TO THE GLOBAL REAL ESTATE MARKET
CUSTOMERS CAN INVEST IN A VARIETY OF OPPORTUNITIES WITH MORE FLEXIBILITY
EXCITING OFFERS SUCH AS GUARANTEES, WAIVERS AND EARLY HANDOVERS, AS WELL AS EXTENDED PAYMENT PLANS, SOFTER INSTALMENTS AND POST-HAND-OVER BENEFITS
EASY MORTGAGE OPTIONS AVAILABLE FOR CUSTOMERS (I NCLUDI NG NON-RESI DENTS) WITH THE LOAN To VALUE
HIGH DEMAND FOR COMMERCIAL AND RENTAL RESIDENTIAL RENTALS IN THE CITY
0% TAX ON PROPERTY OWNERSHIP, RENTALS INCOME AND CAPITAL GAINS
With an annual traffic of 29.1 million in 2021, Dubai International Airport is the world's busiest airport for the 8th consecutive year
70% of the Fortune 500 companies have chosen Dubai as their regional headquarters
Tax-free investment
UAE is known for its investor-friendly practices. An investment in Dubai attracts no annual property tax, income tax, capital gains tax, rental revenue tax, or Value Added Tax (VAT). This allows an investor to dedicate a much larger financial portfolio to purchasing property and, in turn, get higher returns. On average, an Indian can buy a luxury property in Dubai for Rs 2-6 crore. Interestingly, although investment in Dubai is devoid of direct taxes, you might be required to pay municipality fees and private community charges.
Golden Visa relaxations
The UAE administration has recently announced two significant relaxations to its coveted Golden Visa. . The Golden Visa is essentially a long-term residential permit that allows foreign nationals to invest, work, study, reside and own business in the emirates. As per new norms, the minimum investment to avail Golden Visa has been brought down to AED 2 million, as opposed to AED 5 million previously. Also, the visa will now be extended from five years to 10 years.
A CITY YOU CAN CALL HOME
MULTIPLE VISA OPTIONS
2 YEARS
Residential Visa
Investment of AED 750,000 or more in freehold properties.
10 YEARS
Golden Residence Visa
Investments of AED 2 million or more in public investments. Investments must be held and not sold for at least 3 years.
