It is obvious why Dubai is a haven for real estate investment in a global trading hub. With thousands of foreign investors investing in Dubai, an ever-growing population, strategic location worldwide, and foreign workers coming to Dubai each year are some reasons why the real estate and housing sectors have seen tremendous growth in recent years. Today, Dubai provides a variety of investment opportunities in real estate, including both long-term investments and in that are ready to move into.

If you are looking to invest in Dubai, real estate investment is a golden opportunity for investors across the world. A foreign property ownership decree was issued in 2002 to allow non-citizens to invest in real estate and own property in Dubai. Following the issuance of this, Dubai experienced a massive construction boom that attracted foreign investors to the city’s real estate market.

The real estate sector is a highly regulated industry that is governed by a set of laws and regulations to protect the interests of real estate investors. The Dubai Land Department (DLD), Real Estate Registration Agency (RERA), and Real Estate Investment Management and Promotion Center are responsible for promoting, managing, and putting legal frameworks and mechanisms to regulate real estate activities, including development, investment, and brokerage in the city.

These authorities actively promote a stable and secure environment and help build a green economy in Dubai. So, if you want to invest in Dubai’s real estate industry, knowing the following rights of investors in the country will help you make the right investment decisions for maximum returns:

Immediate Residency

Investors who choose to invest in a residential property worth AED 1 million or more, with a maximum mortgage value equal to 50% of the property value gain a shortcut to legal residency in Dubai. This investment-friendly visa program attracts foreign investors looking to settle in the city for work and business purposes. To be eligible for immediate residency through this program, investors must invest in a single residential property rather than in a portfolio of commercial properties. Furthermore, the visa is only valid for freehold residential properties. This visa cannot be obtained with an off-plan property.

Attractive Rental Yields

Buying-to-let is a profitable investment because rentals continue to be popular choices for investors looking for a steady return with attractive prices and payment plans, among other things. Investors looking for buy-to-let properties can expect an ROI (return on investment) of 5% – 6% in Dubai.

Rent-to-Own Policy (Ijarah)

Rent-to-own is a contract between a developer and a buyer that allows the buyer to pay rent while also saving for a down payment. This arrangement relieves buyers of the burden of a minimum 25% down payment and allows them to enter the real estate market more quickly.

Favorable Taxation Conditions

The taxation system in Dubai, which is renowned for its low tax rate imposed on real estate investments, does not make an exception for the real estate industry. Real estate investors in Dubai gain maximum returns by avoiding stamp duties and property taxes.

Dubai is an ideal place for investors to start and grow their businesses, and any investment in the real estate sector is completely safe in a highly regulated market. Contact us at Socialite Consultancy Services to know more about real estate investment in Dubai and other parts of the UAE.