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Dubai is one of the seven emirates in the United Arab Emirates (UAE) that has deviated from its traditional oil dependent state to a more balanced economy based on tourism and real estate. Resultantly, the transition of this city has attracted not just the tourists from all around the globe but global investors as well. The city definitely has something exceptional to offer in the form of world-class shopping experience, pristine beaches, immaculate entertainment activities, lavish lifestyle and matchless facilities. Who would not want to buy a property over there?
Though Dubai real estate is facing hard time right now but the experts believe this sector will recover soon. The investors must take advantage of the low prices of the properties in the market nowadays and invest heavily in this sector. However, make sure that you always invest in the right property at the right price.
According to the current investment trend, people prefer investing in properties in Dubai as compare to any other emirate. For majority of the people, some of the reasons for preferring Dubai include the fact that it’s the business hub of the UAE, offers high rental returns with attractive job and long term investment opportunities which help them in earning consistent money in the longer run. It is also one of the most attractive tourist destinations in the world and where ever year tens of thousands of travelers visit the city.
Seemingly, all of this tourism brings in a lot of revenue, not just for the state but also for various tourist spots and tourists’ accommodation points such as furnished/serviced apartments, luxurious flats, hotels, short-stay apartments and villas. However, in reality, all of these tourist attractions are created to give Dubai real estate a boost and help it grow with the economy.
Experts believe that people prefer investing in apartments as compared to villas to earn revenue. Dubai is politically safe and stable which also makes it perfect to relocate too. If you are planning to permanently settle in Dubai, numerous investment options are available for you to choose from. From furnished & non-furnished apartments to luxury flats to opulent villas, Dubai has got it all. The beauty about owning property in Dubai is that you can easily let it if you are not residing their permanently. Letting your property is a secure way to earn a consistent sum since rental income is less likely to fluctuate as compared to many other investment options.
There are too many factors weighing in favor of potential investors willing to invest in Dubai real estate right now. A quick glimpse of the current market trend indicates that the demand of Dubai real estate is increasing and investors are turning towards this region for long term investment despite the fact that the sector’s performance is less-than-stellar.
Author Biography: William king is the director of Dubai real estate, and Discovery gardens apartments. Being an entrepreneur and a passionate blogger he likes to share his expertise and knowledge by writing for various related blogs.