Why invest in Dubai?
Dubai – the city of towering skyscrapers, astonishing luxury complexes, and rich culture. With all this, it ranks among the top destinations for investment opportunities worldwide.
Here are a few reasons to invest in this enchanting place:
Low Taxes
In Dubai, you can benefit from the absence of property tax and capital gains tax. Only a one-time fee for real estate transactions is required. It is the only city that offers such tax freedom.
The one-time payment accompanying the transaction upon sale includes the following fees:
- Government fee to the Dubai Land Department (DLD) – 4% of the purchase price + an administrative fee ranging from €10 to €147 depending on the property.
- Property registration fee – from €508 to €1,017 + 5% VAT depending on the property value.
- Mortgage registration fee at the Dubai Land Department – 0.25% of the loan amount + €74.
Golden Visa
The UAE has lowered the investment requirements for real estate to obtain a “Golden Visa.” The minimum financial requirement for applying for a three-year visa has been reduced from the original amount of AED 1,000,000 (€251,963) to AED 750,000 (€188,972). Investors who purchase property worth AED 2,000,000 (€503,926) or more can obtain a renewable residency visa for up to five years.
High Returns
Dubai offers a variety of investment opportunities, with real estate being the most preferred investment. High returns are guaranteed as the city rapidly develops, constantly introducing new measures to improve the business environment and encourage long-term growth.
Remarkable Infrastructure
One of Dubai’s strongest points is its impressive infrastructure. The city is one of the few that provides excellent infrastructure and a high standard of living. Not to mention, Dubai International Airport is one of the busiest in the world in terms of international passenger traffic. The Jebel Ali port is the largest in the world, which is another reason for investors to make a positive decision about investing in Dubai.
Safety
Residents of Dubai are extremely polite and courteous. This is partly because it is very easy to go to jail for an insult or an inappropriate gesture in public. The crime rate in Dubai is virtually zero. The laws in the UAE are very strict regarding offenders.
In conclusion, Dubai represents an investment destination with limitless growth and success opportunities. Considering all the above-mentioned facts, it becomes the ideal platform for investors looking for growth and returns.
