In 2018 there were over AED 162 billion real estate transactions in Q1 – Q3 2018 (families/investors/people).
Of this, investment-related property transactions from global investors totalled AED 50 billion from 21,605 investors and according to figures from Emaar Properties they were from:
1) China | 2) India | 3) UAE | 4) Saudi Arabia | 5) UK
Dubai residents enjoy a fantastic lifestyle and weather with its most famous world’s largest shopping Mall and the world’s tallest Building being the Burj Khalifa.
We take a look at shopping, attractions, food and more, showing you why Dubai has become such a fantastic place to visit, invest and live.
The Dubai Mall is currently the world’s largest shopping mall with an internal floor area of over 5.9 million square feet and over 1,200 retail stores.
Dubai International Airport saw 67.5 million passengers during Q1 – Q3 2018. Currently undergoing expansion, by the end of Q1 2022 DIA will be the world’s biggest airport with a capacity of 240 million passengers per year.
In February 2017 marked the inauguration of the Minister of Happiness for Dubai, a government role that oversees plans, programmes and policies to achieve and sustain a happier society.
MasterCard’s 2018 Global Cities Index showed Dubai holding its position as the fourth most visited city worldwide (just after Bangkok, London and Parish).
Dubai sits at the crossroads of Europe, Asia and Africa, bridging time zones across East and West and providing easy access to many of the world’s fastest-growing emerging markets.
Dubai is free from Income Tax for residents and there’s no Value Added Tax (VAT) levied on residential property for investors, making it a very attractive destination in terms of lifestyle as well as investment.
The UAE is the No 1 country in the world for macro-economic stability in the World Economic Forum’s 2018 Global Competitive Index.
The World Economic Forum’s Global Competitive Index 2018 revealed that the UAE is one of the safest places in the world in which to live.
Logistically, it’s very easy and relatively inexpensive to invest in property in Dubai, whilst the following points ensure the property market remains highly liquid:
Global awareness and Dubai’s credibility as a desirable lifestyle destination have resulted in a multi-national customer base. Furthermore, well-developed broker base means resale of property is easy too.