5 reasons to invest in Dubai in 2022
Real estate investment in Dubai is on the rise and there are excellent reasons for this. Dubai Immo, the leading real estate agency in Dubai, reviews for you the main advantages of Dubai in terms of real estate investment. Find 5 reasons to invest in Dubai in 2022, with the help of the experts of Dubai Immo agency.
Dubai, a must-see tourist destination
Dubai is one of the top three tourist destinations in the world in 2021, and the numbers for 2022 are more than promising. Ranked 1st in TripAdvisor's favorite cities for travelers, Dubai has become a must-see destination. With the influx of tourists, the hotel offer is struggling to keep up and more and more travelers are now choosing Airbnb-type rentals during their stays in Dubai. Hotel room rates are skyrocketing, as are rental requests on Airbnb. The American platform has also voted Dubai as the villa with the highest highest rental profitability in 2021 on Airbnb.
Buying real estate: the most affordable of the world's major cities
With average prices per sqm around 4000€, Dubai has the cheapest prices per sqm when compared to big cities like Paris, London or New York. And yet the reputation of the villa, the standard of living of the inhabitants and the quality of the property on offer has nothing to envy to other big cities. Buying a 4 bedroom villa for 400.000€ is only possible in Dubai, not in the big European or American cities!
Real estate in Dubai, a very advantageous tax system
In Dubai, you will not find any property tax, rental income tax or capital gains tax. It is therefore the only major city in the world to offer such advantages, which allow you to increase very strongly your net profitability, which generally exceeds 8%. A tax treaty even exists between France and the United Arab Emirates, and it strongly specifies the regulations and tax rules regarding the taxation of French investors on their real estate income in Dubai.
An exceptional quality of life and a 2024 plan
Dubai is one of the happiest cities in the world. And the vision of the Emir of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, is to place Dubai at the top of the rankings within a few years. To achieve this, the ambitious Dubai 2040 plan carries an incredible project for Dubai. Green spaces, renewable energies, infrastructure, measures to support business creation and economic dynamism, taxation, everything has been planned so that the city of Dubai has more than 5.4 million inhabitants by 2024.
Golden Visa, the real estate investor visa
If you make a real estate investment in Dubai, you will be entitled to a Resident Visa for you and your family, subject to certain criteria. This visa can be obtained for any purchase over AED 750,000 (€180,000), once your apartment has been delivered to you. If you are buying off-plan, you can obtain a Golden Visa as soon as the contract is signed, provided the property is worth at least AED 2 million (€500,000). This visa, renewable for up to 10 years, can be issued for both members of the couple and their children, with no age limit.
Conclusion
At a time when uncertainty reigns unfortunately in Europe, at all levels, Dubai is doing well. Political stability, economic stability, security, quality of life, affordable prices, everything is gathered for Dubai to continue its exceptional growth. With properties available from 100.000€ in luxury residences with swimming pool, we are convinced that we should take advantage of the investment opportunities still available on the market. The growth of prices per m2 is very sustained and such prices may not last. It's up to you!
