The United Arab Emirates is a modern and dynamic country that strives to attract the maximum number of investors and entrepreneurs. The UAE is characterized by political and economic stability. Over the last 10 years, the inflow of foreign investments has increased and the UAE has gained the status of one of the most attractive investment destinations in the world.
Why is it profitable to invest in Dubai real estate now?
1. Free Zone: These are the areas where foreigners without citizenship and residence permits can buy any type of real estate in full ownership.
2. Property prices are falling, and remain the lowest compared to similar proposals in Europe, Asia or America.
3. A mortgage from a local bank with a low interest rate. On average, mortgages are offered to people who are 25 years old and have a regular legal income, at 5-6% of the amount. These are very low rates compared to other countries such as Canada, USA, Austria.
4. The national currency of the United Arab Emirates is the Dirham, over the past 13 years, the currency has increased by almost 4 times against the ruble. Even if the property you bought in 2020 becomes cheaper in 2030, it will still pay for itself and generate income.
5. The average rental profitability ranges from 7-11% a year, compared to 3-6% in Austria and 2-4% in Russia.
6. Buying real estate can give an investor the right to a residence permit. Residence permit is issued for several years, some programs allow for extension of residence permits without limiting the overall term or registration of citizenship.
