What drives you to buy a property in Dubai?

The epidemic that struck the countries of the whole world and affected most of their humanitarian and commercial activities did not affect the amazing global performance of the real estate development and construction sectors in the UAE, and dozens of related commercial activities during and after the Covid-19 pandemic. The continuation of work in the real estate sectors has played a role in the recovery of the rest of the sectors, while continuing to adhere to preventive measures until they are completed by a decision of the competent authorities. This is not what the results of that performance showed, in terms of the amount of potential opportunities and the unique advantages enjoyed by the investment climate in the UAE, which resulted in a noticeable increase in international investors' interest in heading to the real estate market in various cities of the country, and to Dubai particularly.

The sustainable growth witnessed by the real estate market in the country is enjoying a remarkable shift in demand into a market that attracts foreign capital and investors. With the prices of sales and rents in Dubai taking an upward trajectory, Dubai witnessed 42,895 sales of various properties, with a total of 103 billion dirhams in the 9 months of this 2021, and the effects of the launch of the global event Expo 2020 appeared clear and strong on the performance of the real estate market, as investors purchased housing units with more than From 16 billion dirhams in the September preceding the launch of the event. The investments related to Expo 2020 have contributed to attracting foreign investors, increasing market stability and providing an optimistic outlook for real estate developers.

The UAE is characterized by very high investment returns when buying and renting a property, as in the Emirate of Dubai, if profits are compared with other global real estate markets, where the average rental returns reach 5-9%. It is also known for not imposing real estate taxes as applied in other global countries. And this is what makes it an attractive environment for real estate investment. The UAE is considered one of the most attractive countries for investors, especially in the field of real estate investments in the Emirate of Dubai, due to the facilities and multiple advantages it provides. Perhaps the most prominent of these investment facilities is obtaining real estate residency in the UAE or an investor visa that grants the investor the right to stay in the territory of the United Arab Emirates for a period of two years, five years and up to 10 years. This real estate success during the Corona virus pandemic is attributed to the wise decisions taken by the UAE government, which provided security and safety for investors and residents on its land.