Dubai, one of the most developed cities in the United Arab Emirates, offers exciting opportunities for expatriates who own property in the region. Owning a property in Dubai provides not only economic benefits but also the full right to live in this dynamic and cosmopolitan city.
Dubai is deservedly considered one of the safest cities in the world. Personal security is guaranteed here at a high level, which attracts potential investors and those who seek to live and work in this city. Living in your own house or apartment gives you a feeling of stability and comfort.
Dubai is renowned for its innovative and modern infrastructure. All conditions for a comfortable life have been created here, including advanced medical and educational institutions, a variety of entertainment and sports complexes, luxury shopping centers, and world-class restaurants. Purchasing property in Dubai provides access to first-class services and amenities.
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Moreover, it is in Dubai that most of the income from the country’s tourism sector is concentrated. Thus, according to the World Travel & Tourism Council, in 2021, Dubai accounted for 57% of revenues from the tourism sector in the UAE.
Tourists from all over the world come to Dubai. However, the top three countries from which the largest number of tourists come have remained unchanged in recent years.
This is India, with which Dubai has excellent air connections (more than 70 direct flights per day). In addition, almost 3 million Indian expats live in Dubai, and a fair share of Indian tourists are their relatives and friends.
The top three also include neighboring Oman. Most tourists from this country visit Dubai on weekends or short holidays.
In addition, Dubai is popular among tourists from Saudi Arabia who visit the city on vacation and business trips.
Owning real estate in Dubai provides foreign citizens with the opportunity to obtain permanent residence in the country and fully enjoy all civil rights and freedoms guaranteed by the state. Freedom of movement, the possibility of employment, and starting your own business – all this becomes a reality thanks to owning real estate in Dubai.
Middle Eastern real estate is expanding fastest in the UAE. Since the market is currently at its peak, there is no data to suggest that it is sluggish. The government is actively working to control market transparency through legislation and guidelines. Now all users can see the data. All loans are owned by the Dubai Land Department (DLD).
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One of the countries that investors find most attractive is Dubai. As a result, investors are showing interest in UAE real estate due to its thriving economy.
The UAE government announces two updates for the Golden Visa. A long-term visa is used to live, work, invest, do business and open your own company in the emirates. By investing AED 2 million, you will be eligible for a Golden Visa. The validity period of this visa has been increased from five to ten years.
