WHY INVEST IN DUBAI
Stable Currency
The UAE Dirham has been pegged to the US Dollar since 1973 and set at a constant rate since 1997 – making it one of the most stable currencies in the world.
Tax Incentives
The UAE offers several incentives including zero income tax, zero capital gains tax, and zero wealth tax, enabling maximum return for investors and business people.
Easy Connectivity
Dubai is a direct flight away from 97 countries with the world's leading airlines flying from Dubai's airports.
Communal Harmony
Home to over 200 different nationalities, Dubai is a cosmopolitan safe haven that stands for inclusion, diversity and security.
Safety for all
The UAE is one of the world's safest countries with a law enforcement system that showcases years of development and foresight, resulting in low crime rates.
World-class Infrastructure
Dubai is home to an environment where communities thrive with excellent infrastructure, public transport, parks, and more.
Strategic Location
Dubai is home to an environment where communities thrive with excellent city infrastructure, legal systems, public transport, parks, entertainment and more.
Open and Free System
Open economic policies, minimal government control and private sector regulation facilitate Foreign Direct Investment (FDI), lending a competitive edge globally.
UAE DEVELOPERS
Emaar Properties
Since its launch in 1997, Emaar Properties has made a significant impact in the UAE’s real estate industry. In addition to hospitality and retail, Emaar also develops residential and commercial properties in the UAE. North Africa and the Middle East are also foreign markets where the company has a presence.
Several iconic Dubai projects have been developed by the Dubai-based developer. In addition to the Burj Khalifa residence, the world’s tallest building, Emaar is known for its Dubai Mall, the world’s largest shopping mall.
NAKHEEL PROPERTIES
A number of iconic developments in Dubai have been completed by Nakheel, such as the projects for sale in The World Islands. In addition to leisure developments and retail stores, the company also develops commercial, hospitality, and residential projects. A notable project Nakheel properties has undertaken is the monumental Palm Jumeirah properties. Adding more than 300 kilometers of coastline to Dubai was a feat in itself with the artificial archipelago.
BINGHATTI PROPERTIES
In addition to its real estate activities, Binghatti properties is also a subsidiary of Binghatti Holding, one of the oldest and most reputable companies in the UAE. Binghatti specializes in delivering affordable, elegantly designed residential and commercial properties. The company has a number of apartments for sale in Dubai Silicon Oasis and has constructed many houses in Liwan.
SOBHA PROPERTIES
Sobha properties, known for its top-quality luxury residences has built strong credibility for top-notch services. Indian entrepreneur PNC Menon founded the multi-national organization in 1976, which has operations in Oman, Bahrain, Brunei, and India as well.
There are a number of excellent projects in Meydan developed by a well-known developer in Dubai, including the highly sought-after projects in Sobha Hartland properties.
Azizi Developments
Azizi Developments is a privately-held real estate development company located in Dubai. The company was founded in 2007, Azizi Developments built a large property portfolio worth over AED 4.5B.
The CEO of Azizi Developments is Farhad Azizi. Today, the company has more than 200 projects at various stages of development in Dubai’s most popular locations and over 11,000 residential units successfully delivered and sold to buyers and investors both local and international.
Only in 2019 alone, Azizi Developments constructed over 1.3 million sq. ft of their new and ongoing projects in Dubai. Over 54 projects will be delivered by 2023 and another 130 are planned to be delivered by 2025.
The off-plan property by Azizi is Mina, Riviera, Creek Views, Victoria. Every off-plan property offers a convenient payment plan, a DLD fee waiver and a free service period.
Off-plan VS Ready to move properties
Investing off-plan means buying a property before it is actually built – and, when it is built – rather than living in it, the investor will either sell or hold the property and rent it out. Off-plan property may also be desirable where an area is in high demand, and purchasers want to secure a future property.
The seeming risks associated with Off-plan properties are notably the risk of delays or cancellations. In Dubai, these risks are minimized through regulations imposed by the Real Estate Regulatory Agency (RERA) and the Dubai Land Department (DLD) as well as the use of escrow accounts. Developers are required to deposit 20 percent of the project costs as a bank guarantee, and the authorities have a responsibility to ensure that the developer has sufficient funds and resources to complete the project.
Ready Properties are the ones that are ready for immediate use and handover. The main advantage of buying ready property is that you can physically see the property and get the right feeling before your potential purchase. However, the investment selection between off-plan and ready properties depends on considering the current market situation and outlook. This will play a key factor in short-term and long-term benefits, and the expected returns.
The report below depicts comparisons between off-plan and ready properties from 2012 till current year