Rising real estate prices and interest rates, widespread inflation – where can one invest their money for a good return in times of crisis? One city stands out in terms of real estate investment: Dubai. Economic and political stability, quality of life, diversity, and security make the ‘Manhattan of the Middle East’ one of the most attractive metropolises in the world. Investing in real estate in Dubai offers exceptional profitability for a very high-end property.
Why Invest in Real Estate in Dubai?
Dubai is considered a real estate Eldorado for several reasons that will make you love the leading city of the United Arab Emirates. Investing in real estate in Dubai meets the expectations of ambitious investors.
Strong Economic and Tax Appeal for Excellent Returns
Dubai is attracting more and more investors from around the world. No other multicultural metropolis can offer comparable advantages. Net yields exceeding 9% or 10% are often achieved in rental properties in Dubai. Investing in real estate in Dubai protects you from the uncertainties inherent in rental property investment.
More specifically, the city owes its attractiveness to:
- Strong political stability;
- Significant economic diversification beyond hydrocarbons, through the rapid development of the renewable energy sector;
- A strategic position for trade and air traffic in the Middle East and globally.
Tax advantages are numerous, with no property tax, rental income tax, or capital gains tax. It goes without saying that the profitability of your investment can only increase in the absence of such charges.
Some of the Lowest Prices in the Real Estate Market
Dubai is unique. The metropolis has experienced unprecedented development and is now one of the most modern cities in the world. It has attracted the most ambitious and talented engineers and architects from around the globe to create a world that defies the laws of physics. The tallest skyscrapers ever built, colossal hotels and shopping centers, man-made paradise islands, an unlimited array of activities, and a preserved old oriental city blend to create an extraordinary metropolis.
Its location at the edge of the desert necessitated the use of cutting-edge technologies to create a city that prioritizes renewable energies. The buildings compete in modernity and ingenuity to offer a panorama that leaves no one indifferent.
Despite this, real estate prices per square meter are among the lowest in the world, averaging around 4,000 euros. Could you find a luxurious villa in Paris, London, or New York at this price? Furthermore, the Dubai real estate market benefits from efficient and effective management, making it an investor’s paradise. Indeed, the government supports the relocation of businesses to Dubai and is multiplying initiatives to attract new residents while creating healthy demand for real estate.
Obtaining a Golden Visa Valid for 10 Years and Renewable
Since 2022, investing in real estate in Dubai allows you to obtain the Golden Visa, valid for 10 years and renewable. This resident visa is accessible to real estate investors and their families, provided they meet one of the following purchase conditions:
- Property worth at least 2 million AED (approximately 540,000 euros in September 2022);
- Property with a loan taken out from a specific local bank;
- One or more off-plan properties worth at least 2 million AED from approved local real estate companies such as Hermanns Real Estate Dubai
The Tourist Appeal of an Unforgettable City where Life is Good
To increase the profitability of a real estate investment, you must consider several economic, as well as societal factors that will impact your rental vacancy risk.
The United Arab Emirates ranks 21st among the best countries to live in. It goes without saying that Dubai attracts many new residents each year in search of quality housing.
Furthermore, the city’s tourist appeal, with its lagoons, paradise beaches, deserts, and futuristic buildings, welcomed 7 million visitors in 2021, which is 32% more than in 2020. These travelers and holidaymakers also seek to enjoy Dubai’s extraordinary living environment by staying in quality accommodation for one or more nights.
Real estate transaction volumes continue to grow month after month, and records are expected in the coming years compared to the early 2000s. Do not miss such an opportunity; register without delay for one of our information sessions in Brussels.
Hermanns Real Estate: your Partner for Investing in Dubai
Located in the heart of Brussels since 2015, Hermanns Real Estate assists sellers and buyers in realizing their real estate projects. Always attentive, we understand our clients’ expectations and their desire to diversify their assets through relevant investments.
Thanks to the opening of our Dubai office, we aim to offer you new profitable perspectives and end-to-end support to realize your investment in the United Arab Emirates.
Seize a Unique Opportunity
Investing in real estate in Dubai offers some of the most attractive returns for:
- Growing your savings or business investments;
- Ensuring a peaceful retirement;
- Providing a valuable legacy for your children.
Whether you are an individual or a company seeking a profitable, attractive, and luxurious investment, discover the creativity of the developer Damac Lagoon for your future real estate investment in Dubai. We are offering for sale 32,000 exceptional homes and villas with exclusivity for Belgium and Luxembourg.
Receive End-to-End Support
Are you apprehensive about investing several hundred thousand euros in real estate in Dubai, a country whose rules, language, and customs you may not know? Hermanns Real Estate offers you professional support to successfully complete a project that represents a genuine financial opportunity. As your dedicated and privileged contacts, we guide you through all stages of your real estate investment project in Dubai:
- Defining your project;
- Answering all your preliminary questions;
- On-site visits;
- Tax and investment advice;
- Acquisition;
- Rental management;
- Follow-up on rental management;
- Etc.
Our Hermanns Real Estate Dubai office consists of contacts specialized in investment and taxation in the United Arab Emirates. Our team also includes Belgian collaborators residing in Dubai to facilitate your exchanges and inform you about the specificities of the Dubai market. We will inform you about all the specificities of acquiring and renting out a property in Dubai, as well as the resulting benefits. Whether you are an individual or a company, we provide end-to-end support. Register without delay for one of our information sessions in Brussels.
Would you like to schedule a visit to Dubai to discover the city, our new projects, and their investment prospects? Hermanns Real Estate will reimburse your stay (flight and 3 nights’ accommodation for two people) if you finalize the purchase of a property!
