Most expatriates staying in Dubai have at some point considered the “rent or buy” question. However, there is no right or wrong answer to this question as there are several personal / situational factors to consider. Dubai being an expatriate dominated city, a good number of people working in the city may be temporary residents who are here for a few years before moving back to their home country or moving on to another town. But if you have been in Dubai for a few years and are likely to stay in the city for the next foreseeable future, then it is worthwhile to consider buying a house. Let’s look at some of the benefits of buying a property in Dubai
An investment and an asset
Buying a property in Dubai not only makes for a good investment, but it is also an asset where you can save money as you will not be paying rent.
Generating a passive income
Buying a property in Dubai will help in creating potential growth in personal wealth and build equity. The value of a property in Dubai will appreciate over time, and if you decide to sell, you can earn a profit off your investment.
Predictable Living Costs
If you plan to live in the property you buy, that offers you the advantages of having a more predictable and more stable cost of living as you will not be subject to rent fluctuations.
Control over your home
Having your property means that you can invest in designing the decor and landscape it to suit your needs and style.
Affordable Property prices
Dubai offers a range of property types to choose from and at prices that fit all budgets There are plenty of value offerings with competitive pricing and a wide range of amenities. This makes an appealing opportunity to those looking to invest in Dubai real estate.
Safe & Secure
Among many benefits of buying property in Dubai, one of the most important is the sense of security that residents of Dubai enjoy. In fact, UAE is considered one of the top safest country in the world due to its rigorous law enforcement. The safe and secure environment provides a very big advantage to invest in a property in Dubai.
No property Tax
Investing in Dubai’s real estate market is tax-free. Once you have purchased a property and paid the registration fee, the owners are not obliged to pay any other additional taxes in the future.
The Expo 2020 being help in Dubai is expected to attract 25 million visitors over the 6-month period. With such a high influx of visitors it is expected that a good number of them may invest in the city, driving up the property value.
Pride of ownership
Lastly, but not the least is the pride of being a property owner in Dubai- a place that is uniquely “yours”.
Overall, buying a property in Dubai makes good investment sense. If you are considering buying a property than Genesis by Meraki offers value apartments with state-of-the-art amenities.
For more information, contact us on 800 Meraki or send us an inquiry on email@example.com