Real estate industry executives and experts agree that the UAE, especially Dubai, has the best reputation, the best quality of life, strong and stable economic growth, high rental income, and easy salability of assets, making it an excellent place to invest in the real estate sector.
In addition to the ongoing Expo 2020 in Dubai and successful management of the pandemic, the Emirate’s strong economy, stable currency, and investor-friendly policies that have been implemented over the years are paying dividends and strengthening the confidence of foreign investors to stay in Dubai in the long run.
Thierry Delvaux, CEO of JLL Middle East, Africa, and Turkey said the UAE’s economic indicators suggest growth accelerated in 2021.
“The Expo has helped stimulate growth, with hotel occupancy and residential real estate prices climbing. We expect this to continue to positively impact the property market in 2022 as well,” he said.
Dubai has a number of advantages that attract foreign investors, according to Rizwan Sajan, chairman and founder of Danube Group.
“Firstly, all investments are protected from any intervention. Secondly, it offers a business-friendly environment. Thirdly, the emirate offers unparalleled safety and quality of life. Fourthly, its world-class infrastructure and global connectivity are amazing because a businessman can travel to more than 200 cities across six continents non-stop from Dubai. Fifthly, Dubai’s property offers reasonably good returns on investments in key business sectors. And most importantly, it’s a tax haven with one of the economies with the least direct taxation. Therefore, Dubai is a magnet for foreign investors,” added Sajan.