Dubai is a city within the United Arab Emirates and the financial centre of the Middle East. Home to the world’s tallest building, The Burj Khalifa and the iconic Palm Jumeirah, Dubai truly has established its position in the world as a Global Capital. With over 80% of the Dubai’s population constituting of expats, over the last decade Dubai has seen an influx of foreign investment due to offering some of the worlds highest rental yields, flexible interest free payment plans and award winning top 10 global developers
Property Investment in Dubai
The Wealth Report 2015 by Knight Frank lists Dubai as one of the World’s Five Prime Global Hotspots with strong growth opportunity. Dubai provides value for money and ample growth opportunity as the 2nd cheapest Global Capital from 20 Global Capital’s assessed with averages prices of £422 per square foot for prime luxury residential property. Opportunities for Property Investment in Dubai are galore from hotel apartments in Business Bay and Downtown Dubai, to luxury investment properties on Palm Jumeirah, a skyline apartment in Dubai Marina overlooking the Arabian sea, a villa property in one Dubai’s new golf communities or a low-cost apartment in Dubai World Central by the new airport and Expo 2020 site.
With a growing local population and a booming tourism sector Dubai property is certainly an asset to be held by a global property investor as part of diversified portfolio.
- UAE Economy grew at 2.9% in 2019 compared to 1.7% in 2018
- IMF expects UAE Economy to grow at 2.5% in 2020
- UAE’s GDP to reach DH 1.5 Trillion in 2020 from DH 1.464 in 2019
- 312,000 companies are registered under VAT in UAE
- NEw discovery of Gas helps future revenue streams
- Inflation Rate in 2019 was at 1.5% from 3.69% in 2018