The largest and most highly populated city of the United Arab Emirates, Dubai is a commercial and transport hub of the Middle East. A global city and international business hub, Dubai’s economy is powered by revenue derived from trade and oil exploration concessions. However, despite the role played by petroleum in launching the city’s economic growth, Dubai has been one of the only Middle Eastern economies to move away from oil revenues while focusing on trade and commerce.
Dubai regularly receives visitors from around the world, who visit the city for a wide array of reasons. From leisure travelers and students to jobseekers and investors, the city of Dubai has something to offer everybody.
For these reasons, the real-estate sector in Dubai has seen a consistent rise in demand for both commercial and residential property in the city. Over the years, Dubai has become a popular destination for people looking for jobs, education as well as investment opportunities, drawing migrants and visitors from all parts of the region and beyond. In this scenario, buying property in Dubai can prove both profitable and convenient.
Some of the reasons for buying property in Dubai are as follows:
A Modern and Developed city: Dubai is a developed, economically advanced, global city and the commercial gateway into the lucrative markets of the Middle East. Therefore, the city of Dubai has a lot of opportunities to offer anyone looking for a job, a career or even an investment opportunity. If, therefore, you are planning to move to Dubai – either permanently or otherwise – for work or business, it might be prudent to buy a house in the city to make life more convenient and comfortable.
Excellent Investment Avenue: Investing in Dubai’s real-estate market is a lucrative proposition for a number of reasons. As one of the only Middle Eastern cities with an economy that is independent of global petroleum prices, Dubai has emerged relatively unscathed from the recent fall in oil prices. Additionally, the constant influx of immigrants has ensured that there is always sufficient demand for housing and accommodation in the city. A property-owner in Dubai can therefore have almost guaranteed income from rent, and can also expect to make adequate profit if he ever decides to sell the house.
Excellent Administration as well as security: When buying property one should always ensure that the locality is not only safe but also comfortable to reside in. And, Dubai is one city where maintenance of law and order is taken very seriously by the city administration. Also, with the introduction of the ministry of happiness the Dubai government is taking proactive steps to ensure the well-being of all its denizens. Therefore, buying a property in this city, either to settle down here in future or simply for the sake of making a passive investment, would always be a good decision.
To buy a beautiful Beach Villa in Dubai or a forest villa or even quad homes in the heart of Dubai, buyers can contact a reputed and experienced realtor operating in the city. Buying property from a real estate agency with an impeccable track record is essential to ensure that the investment made in buying property in Dubai will fetch high returns.
