Dubai, without doubt has been a leading hub for local and international property investments based from 2016 and 2017 year end reports. Investors have been attracted by the possibility of high returns from properties in Dubai, in addition to the absence of property tax unlike in other parts of the world. The ROI is still better compared to other developed countries, where the minimum return on investment is only about of 5-6%.
Unlike other global destinations, the Dubai property market is open and welcoming to all investors – making it simple, safe and streamlined to conduct real estate transactions no matter your country of origin or current citizenship.
A good mix of purchasing units is readily available, which makes Dubai an ideal location to buy property for people belonging in different income groups, and extremely affordable for all categories.
In 2017, the highest sales transactions in the residential category were recorded in Business Bay, Jumeirah Village Circle, Town Square, Dubailand, Dubai Marina, International City and Jumeirah Lake Towers.