5 Reasons Why You Should Consider Buying Property in Dubai

Not only is Dubai home to large urban areas filled with a vibrant entertainment scene, but it also has lower crime rates and great transportation. 

There are a lot of reasons why Dubai should be your next home. The city has a lot to offer, especially when it comes to real estate value. If you're unconvinced, here are some reasons why you might want to consider buying property in Dubai.

#1: You Get a Residence Visa

Most foreigners in Dubai are given a residence visa, which means that you get to live in the UAE for at least one year. You can stay longer, but your visa will be canceled if you do not find a job within six months. Without a job, you can stay in the UAE for up to three years.

The UAE's residency requirements are a generous deal for those who live here, and the fact that ex-pats are given residence visas means that you can settle down in the country.

#2: Lower Acquisition Cost

Property expenses in Dubai are very low in comparison to other global cities. In fact, even though the living expenses here are low, the rent will still be very cheap. Most ex-pats are able to save on rent and property acquisition in Dubai.

In addition, property acquisition costs in Dubai can be a lot lower than in other cities. Not only is the cost of land low, but developers are also well known for giving out discounts for property acquisition.

#3: No Annual Property Taxes

Another great benefit to owning property in Dubai is that you don't have to pay property taxes. In other countries around the world, property taxes are common, but this is not the case in the United Arab Emirates.

#4: There Is a Good Return on Investment

Dubai is a city that is blossoming with opportunities. If you purchase property in the city, you will get a great return on your investment.

But as the city's property market grows more and more popular, homeowners have to deal with strong competition and skyrocketing prices.

#5: The City Has a Very Low Crime Rate

As we all know, high-rise cities tend to boast a higher crime rate. However, Dubai is an exception because it has a low crime rate. In fact, Dubai is ranked as one of the safest cities to live in, mainly thanks to its high crime-per-capita rate.

Dubai has a lower crime rate than other cities such as New York City, almost half that of the U.K., and less than a third of the rate in the U.S.A.

Conclusion

These are just some of the reasons why you might want to consider investing in property in Dubai. If you are planning to live in Dubai, then you should definitely invest in property. But if you're looking for a place with good job opportunities and a low crime rate, you might want to consider living in Abu Dhabi as well. Both cities have their own merits, but they are both good choices if you're looking to settle down in the UAE. 

If you are looking to buy a property in Dubai, Dacha Real Estate is here to help. We can help connect you to quality properties in Dubai as you look for your new home. Get in touch with us today to learn more.