Why buying real estate in Dubai is still the greatest option for Indian investors today?
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Dubai, with its towering skyscrapers, luxurious shopping malls, and man-made islands, has become a symbol of opulence and extravagance. But beyond the glitz and glamour, Dubai offers a thriving real estate market that has been attracting investors from around the world, including India.
In this blog post, we will explore why buying real estate with a Real Estate Sole Selling Agency in Dubai is still the greatest option for Indian investors today.
Facts and Figures
Before you consult with the best Real Estate Advisor In Dubai, let’s look at the facts and figures that truly make Dubai worth investing in, today!
- Dubai has become a global hub for tourism, business, and investment. According to the Dubai Department of Tourism and Commerce Marketing, the city attracts 15.94 million annual tourist visitors, making it one of the most visited cities in the world. Dubai is also strategically located at the crossroads of three continents, connecting 2.5 billion consumers across the Middle East, the Indian Subcontinent, and East Africa.
- In addition to tourism, Dubai has become a hub for international business and commerce, with a dynamic business environment that attracts entrepreneurs and investors from around the world. According to the Dubai Chamber of Commerce and Industry, the city is home to over 50,000 active businesses from 150 countries, making it one of the most diverse and cosmopolitan business hubs in the world.
- Dubai is also the world’s top city for visitor spending, with tourists spending a total of $30.8 billion in the city in 2019, according to Mastercard’s Global Destination Cities Index. This reflects the city’s reputation as a luxury shopping and lifestyle destination, with high-end retail outlets, luxury hotels, and entertainment options that cater to the most discerning visitors.
- In addition to its favorable business and investment climate, Dubai offers several attractive incentives to foreign investors, including 100% repatriation of capital investment and total profit earned. This means that investors can bring their capital back home and earn profits without any restrictions or limitations. Dubai also allows 100% foreign business ownership, which means that investors can have full control over their business operations without the need for a local partner or sponsor.
Indians Investing In Dubai
Since 2004, Indians have been one of the top three nationalities to buy real estate in Dubai, with the help of Dubai Property Consultants. A golden visa enables both nationals and non-citizens to file for residency for 10 years after getting funding of at least Dh 2 million. In Dubai, the average price per square foot for real estate of investment quality varies from Dh 1,000 to Dh 1,500. In India, this is approximately equivalent to a step costing between Rs 20,000 and Rs 30,000.
The typical return on investment for residential real estate in Dubai is between 5 and 6 percent yearly, compared to India’s 2 percent. An excellent chance to raise the value by at least 8% to 10% might exist in a well-managed short-term apartment. Investors may use their belongings as a vacation home when visiting Dubai.
So, if you’re looking to make an investment in Dubai’s buzzing real estate market, Sole Real Estate Consultants in Dubai can help!
Last year's investment numbers
The Dubai market made a staggering 16 billion dirhams, or Rs 35,500 crore, from purchases to Indians in 2022, more than doubling the 9 billion dirhams it made in 2021.
Homebuyers from India made up a sizable 40% of the market, with the majority coming from Delhi-NCR, Ahmedabad, Surat, Hyderabad, and Punjab. The remainder was made up of global Indians (20%) with locations around the globe and Indians residing in the UAE (40%).
The 2023 Dubai property market trends forecast
According to Top Real Estate Consultants In Dubai, here are some of the top trends that are set to call the shots in Dubai’s property market in 2023.
Dubai’s economy has been steadily growing over the past few years, driven by a thriving tourism industry, a dynamic business environment, and a rapidly expanding population. This growth is expected to continue in 2023, which will create a favorable environment for property investment.
The Dubai government has launched several initiatives aimed at boosting the property market, such as the reduction of property registration fees, the issuance of long-term visas for property owners, and the introduction of new real estate laws. These initiatives are expected to attract more investors to the Dubai property market and increase demand.
Dubai has been investing heavily in sustainable developments, such as solar energy projects, green buildings, and smart city initiatives. These developments are expected to attract environmentally conscious investors and tenants, leading to increased demand for sustainable properties.
Dubai is embracing technology in various industries, including real estate. The integration of technology, such as blockchain and artificial intelligence, is expected to increase efficiency and transparency in the property market, making it more attractive to investors.
Global Economic Conditions
Global economic conditions, such as interest rates and currency fluctuations, can also have an impact on the Dubai property market trends in 2023. Changes in the global economy can affect investor sentiment and demand for property, leading to fluctuations in prices and sales activity.
How to invest in Dubai real estate from India?
Investing in Dubai real estate from India with the help of reputed Dubai Property Consultants like Sole Real Estate Consultants can be a straightforward process if you follow the steps here. Working with a reliable company like ours can help you navigate the Dubai property market and make informed decisions that align with your investment goals while offering ease of transaction.
Invest In a Rewarding Future Now!
Dubai is an extremely attractive investment destination for Indian investors, who are increasingly looking to diversify their investment portfolios and explore opportunities beyond their home market.
With its strong economic growth, favorable business climate, and diverse real estate options, Dubai offers a secure and profitable investment opportunity that Indian investors can take advantage of.
So go ahead and reach out to us at Sole Real Estate Consultants, as we help you secure some of the most hot-selling, high-demand properties that will give you high, assured returns like none other!