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Motivators for foreign buyers in Dubai’s real estate market.

According to the global investment report issued by the United Nations conference on trade and development, United Arab Emirates is the second greatest recipient of foreign direct investment in western Asia. Foreign investors are encouraged by the economic stability, low-energy cost, and innovative initiatives by the government.

The lengths that Dubai’s authorities went to ensure that expats and foreign investors feel a sense of security is commendable. Dubai topped the global ranking concerning the percentage of people vaccinated, as 91% of residents have received their first and 80% their second doses of vaccination. Amidst the travel restrictions and difficulties caused due to the ongoing pandemic, Dubai welcomed 2.3 million visitors only in the first month which puts Dubai as one of the favorite destinations to visit in the world.

With the increasing demand for expats and foreign investments in Dubai, the government announced innovative policies that encouraged them to not only invest but move to Dubai for a more promising quality of life. The government introduced multiple visa categories to fit the lifestyle of all. A five-year retirement visa for people over the age of 50, a one-year remote working visa, and for the first time they are offering a 10-year gold residency visa for selected professionals. Investors are furthermore inclined to invest their money here due to tax-free properties and the absence of limitations on repatriation on profits, low mortgage rates, new and overwhelming development projects, and the rate at which this economy is thriving.

Recent developments in Dubai have focused largely on building communities that are ideal for families with serious consideration to world-class schools and healthcare among with other amenities. Dubai land, Mudon, and Jumeirah beach are a few of many locations that are the best locations for families with proactive gated communities that comprise townhouses and villas. Parallelly developing affordable projects like Reemram and Mudon views. Lastly, in 2020 U.A.E was the only country with three of its cities that are Dubai, Abu Dhabi, and Sharjah in the top 10 safest cities to live in.