If you’re looking to invest in real estate or settle down in a thriving metropolis, this is your opportunity to buy property in Dubai. With 42,356 homes valued at $1 million, prime residential real estate in Dubai is now among the most affordable in major cities.
Invest in Dubai Property
Dubai is known as one of the best places in the world for various activities, such as living, traveling and investing. It also holds the title of the safest city in the world. It has a social, economic and service-friendly environment that offers residents and investors many advantages not found in other countries, making it one of the most attractive places to invest in a variety of industries, especially real estate.
With 27,642 real estate transactions in Dubai worth AED111 billion in the first six months of 2018, the Dubai real estate market is ever growing – attracting foreign investors who accounted for nearly half of the transactions.
There are key advantages that make real estate investing in the Dubai real estate market very attractive to foreign investors. And at PHOREE Real Estate, you will find a varied portfolio of different properties that are fitted for every lifestyle and preference.
High-quality lifestyle with affordable housing
One major advantage of investing in Dubai, especially in real estate, is undoubtedly the exemption from property taxes. Although VAT was only recently introduced and does not apply to the purchase of residential property, it is still negligible in terms of overhead costs. As a result, you can buy a villa or apartment anywhere in the city without sacrificing any part of your annual income.
As Dubai's population is expected to double by 2040, more real estate projects are expected to be launched, assuring investors of a high return on their investment. According to the Dubai Center for Statistics, Dubai had a population of 3.4 million in January 2021 and will have 6.2 million by 2040.
The United Arab Emirates and Dubai are known as highly secure countries and cities. In fact, it is often named the safest in the world. More than 96.1% of respondents in a survey conducted by the 12th International Symposium on Best Policing Practices in 2019 said they felt comfortable walking the streets at night, and personally, I can only confirm this, as a woman who lives and works in Dubai.
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