Dubai is a rapidly growing metropolis at the heart of the United Arab Emirates, renowned for its relentless innovation and dynamic expansion. With its expanding offerings and infrastructure, the city has become a global hub for commerce, trade, and investment.
According to the Dubai Land Department and Dubai Statistics Center, the Dubai real estate market set a new sales record in 2023:
The Dubai 2040 Urban Master Plan outlines a comprehensive strategy for the city’s sustainable urban development. Over the next 20 years, the Government of Dubai aims to enhance the region for both citizens and foreigners, focusing on improving the quality of life and making Dubai a top destination for residents and tourists alike. Under this plan, the expatriate population is expected to double from three million to six million.
This ambitious approach is anticipated to significantly boost the real estate market. The influx of new residents, drawn by Dubai’s status as one of the most technologically advanced countries in the world, will drive a substantial increase in the demand for housing. Consequently, both the purchasing and rental markets are expected to see considerable growth, leading to rising real estate prices and further strengthening Dubai’s position as a global real estate leader.
The UAE is known for its modern infrastructure, security, and stability, with a strong focus on environmental sustainability in its new projects.
Purchasing an apartment during the early stages of construction can yield a profit of up to 40% upon selling.
Investors enjoy a complete exemption from income tax on all their investment earnings.
The UAE offers one of the lowest VAT and corporate tax rates globally. VAT does not apply to residential real estate purchases.
Buying real estate in Dubai grants you the right to obtain a residence visa for yourself and your family.
by ERMAX GROUP
by ERMAX GROUP
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