It is true to say that the property market of Dubai is on track for growth while breaking through the previous sales count. However, this reason leads to the shifting of the world’s attention toward this beautiful city. The city of the tallest skyscrapers attracts several buyers and visitors by giving convenient access to the distinctive global and regional blooming market. Like other buyers do you also want to know why luxury homes in Dubai get so much attention globally? For clearing your every doubt DxB Lux Homes presents you with the inclination and the major components to reflect on. This write-up will sift through these factors to unravel the truth behind them.
The Prestigious Location
The add-on to Dubai city’s charm for investors is its prime location which encourages them to invest in luxury properties. Being the central point for both East and West it has gotten a manageable time zone for companies and workers. Also, for foreign investors, real estate visas are provided for the long term.
Another component is the architecture of the different luxury homes in Dubai which is because of the achievement of the government. It counts from the low-lying towers previously to the world-famous building Burj Khalifa and the topmost shopping malls. The infrastructure of Dubai is inspired by the Islamic, Indian, and Iranian architectural styles.
The city is loaded with contrasting colours and where watching the luxury projects every day is no surprise. Dubai is breaking the old records while making the contemporary and opulence that meets the expectations of the buyers. There comes luxury property for sale in Dubai that includes projects like Downtown, Palm Jumeirah, Beachfront, Dubai Marina, and others. This ranges from fully equipped Dubai Luxury apartments, deluxe villas, and extravagant penthouses.
No Property Tax
Yes, you have read it right! In Dubai, you do not have to worry about the payment of property taxes every year. Unlike other cities in the world, the real estate supply is no big deal here. In turn that encourages the investors to freely purchase luxury homes in Dubai. The buyer will be at liberty from the accountability that comes with luxury living after purchasing a property. Furthermore, the residential project lease is spared from VAT in Dubai.
Growing Return on Investment
The sustainability in return on investment is another factor that allows foreign investors to find Dubai most appealing globally. Undoubtedly, ROI determines the success or failure of the owner of any property. Those who want to invest in luxury property for sale in Dubai can expect persistently profitable yields. After considering all of the above, it is quite evident that investing in Dubai is a safe play. Talking of the UAE’s real estate that gains from the relatively modern architecture with a transparent governance scheme to protect residents as well as owners. For high net worth people or investors, this cosmopolitan city is one of the wisest choices. We hope that this write-up helps with each of your queries related to investment in real estate in Dubai.