Here are some key facts relating to the purchase of investment property in Dubai outlining the distinct advantages in investing in this high growth area.
Capital Appreciation Dubai properties have risen by more than 20% in the past 2 years – Dubai property is still set to see estimated growth in excess of 12% per annum
No Capital Gains Tax, No Income Tax or Inheritance Tax
Dubai Property Prices
Dubai properties are still far cheaper than most major cities – if you could invest in London Docklands 10 years ago would you? Yes
Demand vs Supply
85,000 Dubai Properties are being built per year – 52,000 Residency permits are applied for every month! The supply of Dubai properties is not expected to meet the demand for years to come Dubai property.
Rental rates in Dubai have increased vastly year on year with increases between 20% - 40% in the last 2 years alone
The increase in tourism is clear for everyone to see
1.9 Million Visitors in 2000
5.4 Million Visitors in 2005
15 Million Visitors expected by 2010
Dubai will be a Worldwide destination
Dubai is creating a destination with something for everyone – From beautiful beaches, largest shopping malls in the world to the spectacular Dubailand development, 3 times the size of Disney World in Florida and much much more…
Attractive Exchange Rate
The UAE Dirham is pegged to the US Dollor
Dubai’s Business District
Dubai is the business hub of the Middle East, with a 24 hour stock exchange and Business Bay under way, Dubai’s Manhattan! Offering prime commercial & residential investment opportunities
And then to top it off of course, year round sunshine and a cosmopolitan lifestyle with an array of entertainment options to suit every taste.