Dubai Real Estate Market on a rise

Dubai has become a melting pot of societies and culture with people migrating from over 200 countries to reside in the beautiful city. With the ever-increasing population in the city, the real estate has become a hot investment. If we look at the data from 2008 to 2018, there has been an increase of 86% in the population. A lot of housing projects are already underway to accommodate such high growth in population, making real estate grow many folds with savvy investors.

Dubai is coming up as the smartest city in the world with innovations coming up and bringing a higher rate of return of investment. Home to the tallest building Burj Khalifa, the city is attracting huge masses as a tourist as well as dwellers. No one can deny that with such a rapid increase in population, there are requirements for establishments such as shopping malls, hospitals, hotels and even houses. This is coming up as an excellent opportunity for people to buy properties in the city.

Sheikh Umar Farooq Zahoor, a Norwegian businessperson, believes Dubai to the next most significant investment venture when it comes to Real Estate. Mr. Umar Farooq Zahoor, who is a philanthropist and an entrepreneur, has ventured into various fields. He tasted success at a very young age with his attention to detail and humble attitude. He had worked for migrant workers and helped with clothes and food to poor people. With his dedication towards the betterment of humanity, Dubai has him as one of the successful businesspersons.

Umar Farooq Zahoor says that Dubai is coming up as an investment city because of the security that it provides to the people. Dubai remains as the most stable cities in MENA with struggle going across all Middle East. Due to the strict government policies and prompt Police actions, people are hardly on the road causing violence or chaos. There are rare cases of theft or robbery for the same reason. This has become the first reason why people are migrating here for better life quality and future. 

Another reason to buy a property in Dubai could be the eligibility to acquire a resident visa. With a few requirements to fulfil like zero mortgage and habitability, you can become eligible to become a proud resident of Dubai. The land for which you are applying for UAE property visa should be a freehold property and declared safe by authorities for all the required reasons.

There is another exceptional benefit that comes with buying a property in Dubai is no property tax. This means once the payment for land is made to the Dubai Land Department for registration, there is no other government tax liability against the property.  This creates a straightforward choice to invest in the real estate market of the bold and beautiful city of skyscrapers. With UAE investing in green energy and reasons mentioned above, Dubai becomes a very desirable place to invest in real estate offering a good return on investment. 

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