Whenever a country hosts a worldwide event like the Expo or World Cup, new scrutiny is placed n that country. Some people who may not have heard of Dubai or the UAE get a great look at locations that may appeal to their real estate investment plans.
It is natural for a country to see a positive impact on its real estate market as new people become aware of the many benefits both Dubai and the UAE offer.
In the UAE’s case, the delayed opening of Expo 2020, which was opened in late 2021, has come at a good time for UAE property developers and sellers. Its presence has helped boost real estate values when owners needed it most.
There are several reasons why Expo 2020 had a positive impact on Dubai’s and the UAE’s housing markets. Here are just some of those reasons:
The visitors to the Expo needed short-term stays which helped cut the vacancy rates on short-term rentals. This jump in rentals gave a boost to the local economy.
International businessmen saw the potential of being based in this strategically located city. The housing market and benefits offered by both Dubai and the UAE made relocating an office, etc., to this area very business-friendly.
A greater return on investment is always attractive. With the Expo helping to boost real estate values, owners can get a better ROI when it comes to selling.
The real estate sales went up as tourists and businessmen saw the advantage of living in this very technologically advanced city. Tourists and businessmen wanted to jump on the bandwagon and be a part of this up-and-coming city and all of its modern advances including smart homes.
When you are looking to expand your real estate portfolio, Dubai and the UAE have been the go-to location for over a decade now. The reason for their popularity has been due to the fact that the governments overseeing these top locations make their areas investor friendly.
One of the top reasons to invest in this area is the fact that you will not have to pay any income tax. While there are taxes assigned to real estate transactions, you do not have to pay personal income tax on your profits.
Another reason to invest in this area is the relaxed rules for the Golden Visa. Living in the area has become much easier and the ability to sponsor your family makes life more tolerable and fun.
The Golden Visa is a prime reason why investing in this area is a smart investment move. Once you have that visa you and your family have access to all the benefits naturalized citizens have access to.
Then, there is the rate of return on your investment. In renting alone, you are looking at getting between 5 and 7%+ return on your rental fees. Then with the impact of Expo 2020, real estate values are going up to levels unheard of before.
Purchasing now will help you get in on the forecasting bull real estate market that is not looking to slow down for a few years yet. What the Expo has done for many potential investors is that it gave them a hands-on experience of what life is like in this region.
Potential investors got to see first-hand how the technology implemented in the new homes and office spaces will affect their lives and make it easier to live.
This real estate market is one of the hottest you will find anywhere in the world. It is not just Expo 2020 that has influenced this hot trend even though that exposition gave the real estate market in Dubai a big boost.
There are other more long-lasting influences that have made Dubai real estate some of the most sought-after properties to own.
The Expo only provided the exposure this real estate market needed to continue on its upward trend and positive forecasts for the near future. This exposure enabled tourists and international businessmen to see first-hand what was implemented technology-wise in the high rises as well as the villas and apartments.
With the rising property values, the Dubai real estate market is a tough temptation to ignore. What also helps make this an ideal real estate investment areas are the many top neighbourhoods that have been developed over the years.
These neighbourhoods come with a wide assortment of amenities that provide recreational, entertainment, culinary, and more opportunities that make living in this city perfect for singles, couples, and families.
These top neighbourhoods include:
With more in development at this time. The luxury level of living makes investing in Dubai's real estate market something that cannot be ignored.
When you are looking to expand your real estate investment portfolio and want to include international properties, give our estate agency a call. We have over 10 years of real estate investment experience in Dubai and the UAE.
Plus, our estate agents are experts in the different neighbourhoods that are perfect for investment. Take a few minutes and call us today. See what we can do to build a better future for you and your family.
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