It is without question that Dubai’s real estate market currently ranks amongst the most active and potentially lucrative in the world. The city thus has groundbreaking architectural design, well-sited, and is tax-exempt to many investors worldwide. There are numerous and variegated choices for those who are going to play with one millions of dollars. South African TV Informer All types of property can be found within this market ranging from high yield rental property to luxurious homes alike. The following article is the best guide on how to invest in Dubai’s real estate sector, if you have one million dollars to spend.

Why Invest In Dubai Properties?

• Strategic Location

Dubai being a city in the east was strategically situated as a connecting point with the other parts of the world in the west. It is advantageously located between some of the country’s largest markets and boasts of modern infrastructure which makes it ideal for commercial and tourism related activities. This strategic advantage increases property values, as well as rental yields.

• Tax-Free Income

Although Dubai is not a fully developed city for investment in the real estate industry, the no-tax income policy is one of the biggest selling points in this city. This greatly improves profitability because the property owners can enjoy their revenues without tackling capital gains or even income taxes.

• Stable Economy and Infrastructure

The Dubai economy comprises tourism, export, finance, banking and technology. Also, its modern technical platform and well-designed city landscapes offer attractive conditions for real estate development.

Some Of The Most Frequently Used Categories Of Real Estate For Investment Include:

• Luxurious Apartments in the Right Areas

Some of the prime central business locations in Dubai include Downtown Dubai, Dubai Marina and Palm Jumeirah, where there are beautiful and big expensive apartments. You can get a luxurious house with incredible features, beautiful views, and great access for only $1 million. All these properties also boast high returns owing to its popularity among tenants as well as tourists.

• Single Homes in Child Friendly Neighborhoods

For the individuals who are also interested in investing and / or have a long term perspective, villas in compounds like Arabian Ranches, Jumeirah Golf Estates & Emirates Hills are favorable. Such properties provide the buyer with a large living space, their own garden, and sometimes even the opportunity to use various facilities. The villas are designed for families and expatriates rendering the businesses fully booked and therefore generating good revenue.

• Off-Plan Investments

Of all the types of opportunities, off-plan properties offer the greatest potential for big profits because these are relatively cheap in comparison with similar properties sold after the construction is completed. Some of the projects in immature regions such as Dubai Creek Harbour and Dubai South have the best likelihood of real estate appreciation once they are developed.

• Commercial Properties

Any other prospective investor wanting a variation can invest in commercial buildings like offices or retail shops in busy areas like Business Bay or DIFC. The growth of business structures in Dubai guarantees a consistent market for the establishment’s necessity for the commercial areas.

The Best Cities For $1 Million Bet On Properties

Downtown Dubai

Apart from the tallest building on the planet- Burj Khalifa and the largest mall in the world – Dubai Mall, Downtown Dubai is associated with luxury. The property is very attractive to investors due to high rental returns that can be obtained by putting $1 million in a stylish apartment.

Dubai Marina

Dubai Marina, the area famous for waterfront lifestyle, also provides an excellent choice of good residential and business accommodation. With its colorful environment, close association in neighborhood to beaches, good accommodation facilities, young working population and tourist troupes favour it.

Palm Jumeirah

This artificial island is one of the grandest creations of the Dubai world. Accommodation in this province falls in the luxury and extortionate prices with first-rate, free-standing villas and beach front apartments commanding the highest prices in the market. Buy your piece of this globally recognized place for $ 1 million.

Jumeirah Lake Towers (JLT)

JLT is relatively cheaper than many other districts in Dubai but it boasts of good connectivity and social facilities. Because the property comprises residential, commercial, and industrial uses, it entails both the residents and business people, and available investment options within the $1 million are numerous.

Mohammed Bin Rashid City (MBR City)

It is a relatively new field, and as a unique project, MBR City is planned as a city inside a city. There is also availability of luxury homes, lifestyle amenities and entertainment places as well as reservation of areas of natural vegetation. This breeds confidence in affording betterments here, developments that will have a high likelihood of appreciation.

Main Advantages Of Investing In Real Estate In Dubai

• High Rental Yields

According to data available, Dubai provides some of the best yields for rental with the yield rate ranging for residential property being between 5-7%. In fact, such areas as tourists’ attractions or families’ neighbourhoods can bring even greater results.

• Long-Term Value Appreciation

It’s a fact, the properties purchased in Dubai have an unsigned tendency of increasing its value in the market. Off-plan returns may also increase for projects that involve proper investment in areas that are still under development.

• Residency Visa Opportunities

By investing in Dubai’s real estate you can get residency visas which are areas of interest to most expatriates. Investors are granted a visa valid for three years renewable based on properties worth AED 750,000 ($204,000), valuable properties attract long-term visas.

Advices Of Improving The $1 Million Stock

• Research Market Trends

Knowledge of markets is extremely important. Some factors that remain sensitive are; demand / supply, the next big projects lined up, and regulations by the government. It is this knowledge that will make you make the right investments.

• Choose the Right Developer

Involve professional developers with experience in development, especially on construction projects that are timely. Brunni names such as Emaar, DAMAC, & Nakheel give credibility & future value to the venture.

• Evaluate Location Carefully

Characteristics such as location of a property have significant influence on the property’s value. This indicates that the most connected, and growth potential places have always been the most secure investments in the long term.

Conclusion

It is with these that the real estate market in Dubai remains appealing to investors from across the world because of the dynamism as well as the high returns that are realized. Thus it remains to note that market study, optimal property choice, and professional partners can help yield the best results from this rich investment in the now-growing city.