Dubai Real Estate Market: Why it Is A Preferred Global Investment Destination?
Dubai property market continuously encourages confidence among real estate investors. Now is the perfect time to buy to gain rich rewards. According to the sources, The Dubai initiative which was launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, is anticipated to further boost investment in the Dubai property market and generate more opportunities for businesses.
The Dubai property market is on an optimistic path. The UAE government has adopted path-breaking policies that have positively impacted not just the real estate sector, but also other sectors of the economy in the past few years. The Dubai Global initiative, launched by the Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, clearly aims to strengthen the city’s position as one of the top business hubs globally. The vision of this great move is to establish a 50 offices network across the 5 continents to allure new businesses, talent, and investments. This initiative is anticipated to further grow the emirate’s economy and establish the world’s best top-notch business environment in Dubai.
As a result of its excellent growth prospects and top-notch infrastructure, Dubai is and will always remain a booming destination for global property investments. The property market in Dubai is still one-third of the peaking prices of real estate in Hong Kong, Singapore, London, and even Mumbai, because Dubai is recording remarkable growth in the last two years.
The real estate prices are anticipated to continue to jump up rapidly in Dubai, and the growing flooding of end-users from India and other parts of the globe and high-net-worth investors around the world will fuel the Dubai real estate market further. So, now is the right time to invest in the property market to gain high returns as the Dubai property market continue to encourage confidence among the real estate investors.
The Dubai Global initiative is launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum is forecasted to boom investment further in the property market and generate more and more opportunities for businesses. This revolutionary move has already started showing positive signs as enhancement in the competitiveness of the emirate’s economy has been experienced including the property sector.
What has made Dubai’s residential property sector even more appealing is the introduction of the newly announced liberalized visa rules which includes a ten-year Golden Visa for skilled employees and investors. The housing demand is quickly increasing, which is majorly coming from foreigners. The newly introduced visa and residence scheme by the authorities of the UAE includes a Business Entry Visa in which there is no requirement of any host or sponsor. This has inspired entrepreneurs and investors to examine investment opportunities in the Emirates.
For real estate investors, the Dubai property market remains one of the best sources of assurance. In conclusion, buyers and end-users should have their belief in the Dubai property market and the businesslike policies of the government. Dubai will continue to be an alluring investment destination around the world because of its supportive policies and growth outlook.
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