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Dubai is currently the fastest growing market for UK investors looking to purchase abroad, here we detail some of the reasons why:
- Dubai property prices are low compared to those in the UK and popular European countries where markets are at all time highs
- There is no income tax or capital gains tax applied in Dubai on rent or resale
- There is no stamp duty, legal fees or survey costs involved in buying freehold property in Dubai - apart from a 1.5% land registry fee on completion
- Property has only recently been open for purchase by non UAE Nationals and therefore many investors view there to be a huge potential for growth in the Dubai property market
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- With the current level of exchange rate, the value for money in Dubai compared to many other global property prices is second to none.
- Rental income from Dubai property is currently yielding around 8-10%
- Capital growth is likely to average in excess of 15% per annum
With year round sunshine the weather in Dubai is simply superb. Temperatures rarely fall below 20°.
- The population in Dubai is very cosmopolitan with over 85% of residents being expatriates
- There is a superb choice of restaurants offering international cuisine to suit all budgets.
- Dubai has a fantastic range of bars and nightclubs and with an ever-increasing number of internationally renowned stars appearing live in the city, the nightlife offers something for everyone.
- Dubai, whilst being an exciting, thriving, bustling city still offers the calm family orientated environment that suits all ages
- Dubai is a city which offers amazing choice of activities for both adults and children
- There are over 47 shopping malls that offer many high street brands as well as designer outlets from around the world
- Residence Visa is received with the purchase of each property
- Properties in Dubai are all finished to a very high standard
- Many UAE developments offer free or discounted access to superb facilities ranging from swimming pools, golf courses and equestrian centres to health clubs and spas. A large number also include on-site bars, restaurants and supermarkets .
- 100% freehold ownership with many of the Dubai developments
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