According to the Dubai Land Department (DLD), the Dubai real estate market is driven mainly by foreign nationals living in the UAE and investors worldwide. In fact, foreign investment accounts for more than sixty percent of real estate transactions in the city. The figures involved are undoubtedly mind-blowing, and one would wonder how Dubai can attract such sizeable foreign investment.
Why are foreign investors attracted to Dubai?
i. Central location
Dubai is strategically placed on the world map—it is like the middle point of the whole world. For instance, it is a roughly six-hour flight from major destinations in the East and the West. Dubai serves over 120 shipping lines and over 85 airlines to over 130 destinations worldwide.ii. Booming tourism industry
In the last two decades, the city's population has increased exponentially due to people taking long-term residencies. Nevertheless, the city still remains one of the most preferred tourist destinations in the world. As the Dubai Expo and World Cup are looming on the horizon, more people are expected to visit the city.iii. Outstanding infrastructure
Dubai is currently experiencing huge infrastructure developments. Most real estate agencies have invested heavily to make the city a top investment destination. Emaar Properties is one of the biggest real estate agencies in the UAE. The Arabian Ranches 3 Dubailand, Dubai Creek Beach Apartments, and Dubai Creek Harbour projects are signature residential projects that are being sold off plan.
iv. Variety of budget options
One of the biggest advantages of investing in Dubai is the wide variety of properties to choose from, depending on your budget. Also, in most cases, the payment plan is very friendly. For instance, Dubai Creek Beach Apartments are available in one, two, and three bedrooms at different prices with flexible payment plans.v. High Security
Dubai is one of the safest cities in the world due to rigorous law enforcement. In fact, petty crimes and theft are almost unheard of. A severe investor prefers to invest in a safe location to attract tenants and buyers.vi. Robust economy
As an investor, it is essential to consider the economy of the city you intend to invest in. Experts have projected that Dubai's economy will continue to improve in the coming years. In addition, numbers and statistics indicate that the city will have a continuous economic boost.In recent years, Dubai has become the most sought-after investment destination, especially in the real estate industry. Those who bought a property in the city a few years ago are now enjoying the fruits of their investments. Take this chance, and you will leap huge in the near future.
