(MENAFN- Mid-East.Info) Dubai has evolved beyond being just a holiday home, one of the primary attractions for investors is Dubai's tax-free refuge.
With no property taxes to worry about, smart investors are lured in to capitalize on the potential of owning their dream homes, with the added benefits of increased equity and ROI.
Investors can expect annual returns to reach an average of 8% with long-term tenants or even go as high as 15% with short-term leasing. Dubai's real estate investment offers a valuable chance to capitalize on exceptional returns, surpassing even global powerhouses like New York City, Hong Kong, and London.
Laura Adams, Director of Secondary Sales at Provident Real Estate said“Since the global pandemic, flexibility in work-life has become a new trend, and the ability to work outside of your work country has excelled. Dubai, being at the center of the world with every major city around an 8-hour flight away, has attracted people to invest in property for as little as AED 750,000 to obtain a visa, which is advantageous for you and your family.”
Dubai's inviting environment draws people from over 120 different countries, fostering a feeling of togetherness and inclusiveness among visitors from all around the world.
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