With a positive reputation, premium lifestyle facilities, strong infrastructure, higher returns on investment, and stable economic growth, Dubai poses to be the best place to invest in the real estate sector. In the wake of ongoing war-induced turbulence and uncertainty caused by the COVID-19-led pandemic, an unprecedented demand for alternative residence and citizenship has been recorded amongst global investors.
Dubai is considered a top choice, when it comes to investing in real estate and enjoying a peaceful lifestyle. It has taken a top spot in a new global real estate index for people looking for secondary residence or citizenship. Recently, a new real estate index was launched, and the UAE is leading there.
Best Investment Migration Real Estate Index
The “Best Investment Migration Real Estate Index” is an analytical tool created by Henley and Partners to help global investors consider real estate-related investment and migration options and make well-informed decisions. It also assists global citizens to make strategic choices about where it is best to live, work, study and retire.
The UAE is leading the index with 82 points, followed by:
- Spain – 80.7
- Montenegro – 77.2
- Turkey – 76.5
- Portugal – 75.8
Thailand, Greece, Grenada, Cyprus and Dominica are the others on the top ten list.
What makes Dubai so attractive?
The UAE has scored higher on the index due to a number of factors such as property prices being lower than other established global markets and rental income potential being higher. A large number of potential investors are enticed to buy properties in Dubai seeing its status of being the safest city and offering a secure environment complemented with premium amenities, attractive employment and business opportunities and a strong infrastructure to support the entire system.
Recently, the UAE government has taken numerous initiatives including a Golden Visa to make Dubai a place for a long-term stay.
According to this international residence and citizenship advisory firm, an 80 per cent increase has been recorded in the enquiries over the last 12 months. It is because wealthy investors are looking to diversify their investment portfolios after experiencing a significant dip due to the COVID-19 induced global pandemic. Moreover, second citizenship has its own charm and benefits.
Investment in Dubai real estate offers a hedge against inflation, unpredictable market and political instability. Moreover, it offers global accessibility and the most secure environment to start your business venture. This is what attracts to the global entrepreneurs, who come to Dubai to start a business venture and tend to invest in residential properties as well.
The index compares programme options available worldwide – against 30 parameters and across 300 data points – based on the quality of life in the host country, GDP, potential rental income, the minimum real estate investment amount, associated property costs, application processing efficiency, the real estate holding period, residence requirements, and saleability, as well as crypto-friendliness, a growing trend.
The increase in the number of property transactions has been testified by the official statement released by the Dubai Land Department (DLD), according to which more than 80,000 real estate transactions took place in Dubai.
Another interesting feature is that the high-end and luxury properties have seen a sharp increase in demand during the pandemic. If we look at the luxury property market, investors have positive sentiments for Dubai real estate due to buyers’ protection laws and rewards in terms of higher returns on investment. The supply is shrinking and might not remain enough to meet the demand, which can lead to further increase in property prices.
Dubai luxury property prices are increased by 42 per cent in Q4-2021, compared to high-end property prices in Q3-2021. Seeing the hike in prices, the real estate experts are of the view that prices will continue to rise and most likely, the same trend will continue in a few years to come.
If you are interested in buying a luxury property in Dubai, you must contact the team HFRE – dealing in premium properties across Dubai. All you need is to pick up your phone and drop us a call at +971 4876 2473 or write us at info@hfre.ae and one of our team members will get back to you with a curated list of premium properties in Dubai.
