Dubai is a global investment hub because this city not only offers numerous residential and commercial real estate investment opportunities but also allows expats and foreign nationals to buy and own all types of real estate. No matter whether you are a citizen of the United Kingdom or the USA, you can make a purchase and buy property in the world’s most popular city.
Investors from the United Kingdom should consider Dubai for real estate investment because this emirate of the UAE offers multi-fold advantages to them. Not only does Dubai offer luxury living and premium business spaces but also extends huge returns on investment. An investor from Great Britain can capitalize on Dubai’s offerings and achieve his real estate objectives.
If you are a UK citizen and aiming to invest in the property sector then give this blog post a read to find out where to invest and why. Definitely, your ultimate purpose is making money out of your investment. So, you should go for a property investment option that offers high ROI.
Here Is Why UK Citizens Should Prefer Dubai For Real Estate Investment:
Tax-Free Properties
There are no property-related taxes in Dubai. Investors are not bound to pay income tax, property tax or capital gain tax in this city. It means real estate investment is more profitable in Dubai than in the UK because investors and property owners do not have to share their profits with the government.
High Rental Yields
Dubai offers significantly high rental returns as compared to the UK. Investors from the UK can also take advantage of Dubai’s significant rental returns. If we consider some prominent areas such as Downtown Dubai and Dubai Marina, these neighborhoods offer 6 to 8% annual profit on rental properties.
Off-Plan Properties
Properties that are incomplete or yet to be completed are called off-plan properties. Dubai offers off-plan real estate. This property investment option is relatively cheaper than the purchase of other completed properties. It means Dubai also allows and encourages people with limited budgets to invest in real estate.
Attractive Payment Plans
Developments in Dubai normally come with attractive payment plans such as a 1% payment plan and rent-to-own. These flexible payment plans make it easy to invest in Dubai because professionals and people with limited salaries can also purchase and own property in Dubai. For example, the 1% payment plan in Dubai requires buyers to pay only 1% of the total amount on a monthly basis.
Currency Exchange Benefits
The currency of the UAE is pegged to the US dollar. It allows Dubai to follow a fixed exchange rate policy, making it a more suitable property investment destination than the UK because there is no risk of currency depreciation.
Investors from the United Kingdom should prioritize Dubai for real estate investment, for that it offers maximum returns and also it is quite easy to buy property in Dubai. Tax advantages, flexible payment plans, high ROI, luxury real estate and fixed exchange rate make Dubai a worth considering property investment destination.
Summing Up:
UK citizens should now consider Dubai for their real estate investment because this metropolitan city comes with a diverse range of investment opportunities that can be purchased at flexible rates and also there is no property tax in Dubai. If you belong to the UK then you should join hands with us to obtain maximum returns from your Dubai real estate investment.
Trust Us To Guide You In Buying Property In Dubai Seamlessly!
Kelt and Co Realty is a real estate agency in Dubai. This property company facilitates locals, expats and foreign nationals to buy their desired property. If you are from the United Kingdom and looking for a perfect investment spot then come to us for consultation and find your dream property in Dubai!