Why Australian Investors Should Consider Owning an Apartment in Dubai
Real estates investment is one of the most lucrative investment opportunities that the Australian investor can make in Dubai as far as the enhancement of the quality of life is concerned. The following are the main reasons why you should buy an apartment in Dubai.
It is well known that Dubai boasts some of the highest rental returns globally, with yields that are some of the highest in the world. The annual return rate is between 5 percent to 8 percent and 4/100 percent which is suitable for investors who are interested with the income from there property investment.
Tax Advantages
There is another important privilege of owning a property in Dubai – the emirate is one of the world leaders in terms of low taxes. Taxes on properties include property taxes, capital gains taxes and income taxes on rental income; there are none of these. This tax shelter strategy helps the investors to achieve the highest possible return on investment with the least possible investment cost.
As a crossroad between Europe, Asia and Africa, Dubai is also a business city due to its location. This positioning not only enhances the link of the city but also enhances the requirement of homes for dwelling as well as business objectives therefore making the property market very vibrant.
Dubai has a rather diverse and mature economy with the major emphasis on the tourism, business/ commerce, and finance sectors. The city has a fairly stable economy which makes the investment risk in the area low and vice assures constant property value increment. This stability is further enhanced by the governments effort to encourage foreign direct investment.
Dubai investment offers VIP lifestyle and services and facilities of high standard. Some of the complexes also offer such features as private beaches and rooftop gardens, spa services and others. Occupancy rates for rental properties have had a steady rise because a good quality of life has been a significant magnet for people in the region.
This is because through the Golden Visa of the UAE property investors can be able to obtain the permanent residency which will grant them a home in Dubai. This visa is available for the investor willing to invest a minimum of AED 750,000 in real estate with extra privileges for the higher level of investment.
Owing to the fact that there is a variety of property types on the market, from the luxurious villas or houses to the affordable flats and apartments, investors are always able to select suitable properties that will bring them profits. This process diversification assist in reducing risk and at the same time attempt to tap into other market segments in order to improve overall return on investments.
Like any other state in the Middle East region, Dubai has allowed foreign investment in properties, and this is allowed only in some areas where foreign investors are allowed to own and have properties with full rights This therefore puts investors in a very powerful position as they are able to sale, lease or transfer ownership of the investment in any way they see fit.
Therefore, buying an apartment in Dubai is beneficial to the Australian investors in terms of higher rental yields, tax free income, economic and environmental stability and an opportunity to live the luxurious life. It has therefore played roles in boosting property investment in Dubai as listed below.