Dubai investment properties are lifting the tide for the region’s economy attracting investors around the world. There’s no place as accomplished as Dubai.
investments
One UAE-based manufacturer already experienced substantial growth before Expo 2020. According to a report which was commission by the Dubai government that the expo will bring in the amount of Dh122.6 billion to the economy of the country by 2031.
Several activities can be done in Dubai for a first-timer. One can go kitesurfing, watching a marvelous skyline from the world’s tallest building to exploring the Sahara from the back of a camel.
The apartment units of Dubai Silicon Oasis (DSO) offer the highest rental yields for Dubai at 9.5 percent, and DSO is the most lucrative community. This is followed by Meydan and Damac Hills with 9.3 percent and 8.9 percent gross rental yields respectively.
Any shift in the dynamics of the market entails a change in the strategy used. This city remains to be a haven for Dubai real estate investors. Part of the reason is that the government has been implementing changes in its laws that enable investments to be easily done.
Families settle farther away from the business district to gain access to large properties in Dubai’s suburban areas. This is important information for those who are planning to purchase a residential property in Dubai.
Political tension in Dubai resulted in a continuing decline in gold prices. Prices of 22 and 24K gold are up. 22K gold is at AED162.25 compared to AED161.25 in the past weeks. 24K, on the other hand, rose at AED172.75 from AED171.50.
Dubai has become a more affordable country in 2019 to invest in particularly for expats. There are several factors that contributed to it: a continuous decline in rent, reduced fees, and fines for the government, a drop in grocery prices, lower prices in dining out, and a freeze in its school’s fees.
To be able to choose whether we must find a new apartment or renew the old, some of the factors to assess must be made. Is there any increase in the rent or any of the attached services such as parking, is the unit sufficient for the family or you need a more spacious home, and more!
The following are some of the important factors to think about before deciding to buy or rent a house in Dubai. Figure out which one is more favorable for you than the other.