Dubai's Real Estate Market Sees Surge in International Demand and Top Buyer Nationalities Revealed
May 9, 2023
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NEWS & ARTICLES
Dubai's real estate market is seeing an increase in interest from both local and international buyers. This can be attributed to a number of factors, including:
• The desire for security
• Positive investment returns
• Tax efficiency
Top Communities for Buyer Demand
Dubai Marina:
Dubai Marina is one of the most popular communities in Dubai. It offers a wide range of properties, from apartments to villas, that are within close proximity to shopping malls and restaurants. The community also has its own marina where residents can enjoy water sports activities like swimming and jet skiing.
Jumeirah Lakes Towers:
JLT is one of the most sought-after residential areas in Dubai due to its proximity to Sheikh Zayed Road (the main artery connecting all parts of Dubai), as well as excellent schools like Dubai American Academy. Residents will also find themselves near several luxury hotels such as Crowne Plaza Jumeirah Beach Hotel & Spa or Hilton Hotel Jumeirah Beach Residence.
Jumeirah Village Circle: This community offers affordable housing options for those who wish to live close by but not necessarily inside JVC itself - which means easy access without having too much traffic congestion at peak hours! You'll find yourself surrounded by lush greenery so if you're looking for peace and quiet then this could be your ideal spot!
Top Nationalities Investing in Dubai's Real Estate Market
The Dubai real estate market is attracting a lot of interest from investors from around the world. There is a wide range of nationalities investing in Dubai's real estate market, including:
• UK
• India
• Russia
• Italy
• Lebanon
• Egypt and Turkey (especially Istanbul), as well as France and China. In fact, Emiratis themselves have also been buying property in their own country for investment purposes or to live in it themselves.
Why Investors are Flocking to Dubai's Real Estate Market
Dubai is a city that's growing and evolving at a rapid pace, with new developments popping up all the time. In addition to its dynamic economy and political stability, Dubai has several other factors that make it an attractive place for investors:
• Strategic location. Dubai is situated on the Arabian Peninsula between Saudi Arabia and Iran, which makes it an ideal base for companies looking to do business in these countries. It also has easy access to markets like India and Africa via air travel or shipping routes through the Suez Canal in Egypt.
• Positive investment returns. In recent years, real estate prices have increased significantly due to high demand from both local residents (who want homes) as well as foreign buyers (who want vacation homes). For example, average apartment rents rose by 23 percent between 2014-2016 while villa prices increased by nearly 50 percent over this same period.* Tax efficiency.* The UAE does not levy taxes on capital gains from selling property; instead it charges 5% VAT on sales transactions only when you sell your home within three years after purchasing it.* Safe haven
Dubai's real estate market is seeing a surge in interest from both local and international buyers, with many renters transitioning to the sales market. With investors flocking to Dubai's real estate market, it's no surprise that demand for residential units has increased substantially over recent years.
Dubai has been able to attract so many foreign investors thanks to its stable economy and strong growth prospects. The emirate's GDP grew by 4% last year alone; meanwhile, rents have remained relatively low compared with other major cities around the world (for example: London). This makes investing in Dubai very attractive for those who want access to high-quality properties at affordable prices - especially given how quickly prices are rising!