Top 3 Reasons to Invest in Dubai Property

Out of all the states in the UAE today, it’s only Dubai which seeks to move away from its traditional reliance on oil and use tourism and services as petrodollar alternatives. As a result, the city’s property market has seen an unprecedented boom giving the international buyers more than one reason to invest in Dubai real estate.

Firstly, Dubai is fast becoming a services hub and there’s been sharp increase in the number of foreign professionals flocking for work with a high pay and tax free status. As a result, the average rental yields of Dubai properties have soared far above the average. Currently the single room studio apartments are doing the best in terms of rental since the expats who work in Dubai tend to be single individuals. So this would be a great property investment tip to note if you plan to invest in Dubai.

Secondly, the cost of Dubai property as compared to international standards is still very low, so the possibility of a huge capital appreciation increase is very high. Coupled with the bullish take on rentals as mentioned above, the prices of your property investment in Dubai will be set to climb in the next few months.

Thirdly, there is presently a Disneyland lure being built there which would result in a boost in tourism in Dubai. If your property is situated near Disneyland, there is a chance that you will be able to rent it out to people going there on holiday.