Dubai has grown exponentially, currently it is one of the best places in the world to live.
Why Indians should invest in Dubai?
Well there are many reasons to it. In this article we wrote 12 to the point reasons why you need to invest in Dubai right now.
These are unique selling points that Dubai as a destination offers you.
However before we talk about these 12 precise reasons why you must invest I would tell you other good things why you need to invest in Dubai anyway.
Especially if you are an Indian then you should love investing in Dubai for following reasons.
Dubai is very close to India as compared to other cities like New York or London. It takes only 3 hours from New Delhi or Mumbai to reach Dubai.
And you know time matters whether it is business or other important things. Moreover there are more flights to Dubai from cities all across the country.
So it means now if you live in cities other than Mumbai and New Delhi like Bangalore, Chennai, Hyderabad, Ahmadabad etc you can travel to Dubai easily.
Also Read: 10 Best Ways to Invest Money in India
Big Indian Diaspora
If you are new to Dubai then you will feel like home. It is because there are many other Indian expats living there. So you will never get a cultural shock while you reach there.
Whether it is food or taxi driver you will find Indians everywhere.
In fact there are neighborhoods where only Indians live. It is a fact that Indians make up majority of the city’s population.
So investing in Dubai would be great.
Disneyland and Other Great Destinations
Dubai has become a great travel destination. There are places that will blow your mind. They have 1000+ meters high building called Burj Khalifia.
They also have a tennis court on the rooftop; you can go to indoor skiing complex and many other things that you will never see in other cities.
But my favorite is the Disneyland that they are building. It is one of the favorite tourist destinations in Dubai.
If you have a home there then you can rent it out and earn money doing nothing. There are many other spots in the city that you can visit.
It’s the Future
The most important thing is it is the future. The government of UAE is very stable and has ensured the country will continue to grow in coming years.
The real estate price is going to boom in coming years. So if you have invested in property then you can easily buy and sell it. You will make good money by making right decision at right time.
So don’t let this opportunity to pass on, go there and invest.
12 Best Reasons to Invest in Dubai in 2022
Here are some straight to the point reasons why you must invest in Dubai right now.
1. Save City with Low Crime Rate
The city is absolutely safe because of strict laws. Police and other law enforcement agencies are always there to help you if you have any problem.
Crime rate is also very low hence you have safe neighborhoods for your kids and family.
2. No Rental Income Tax
While you buy a property in Dubai then there is no rental income tax. In India rental income tax could be around 30%.
However in Dubai there is no Rental Income tax whatever property you lease. Isn’t this great to invest there?
Moreover the rental return is over 7%, much better than other cities in the world.
3. No Capital Gain Tax
One of the best things about buying property in Dubai is there is no capital gain tax.
In Dubai capital appreciation is very high because it is one of the fastest growing cities in the world.
So there is no capital gain tax on wealth gained.
Also Read: 21 Fast & Best Ways to Save Money for Your Future
4. Flexible Payment Plans
The payment plans are very flexible because they are very generous in their attitude.
There is no 4% fee, the EMI’s are absolutely interest free and you can pay after the property is handed over to you.
5. Regulated by Government of Dubai
Everything is regulated by the Government of Dubai. Hence if there is a legal issue then you can go to the courts because everything is regulated.
Everything is under the law if you are dealing to anyone.
6. Property Investor Visa
The government of Dubai is ready to offer you property investor visa if you are willing to buy a property.
If you are ready to invest in Dubai then government will issue you a visa as soon as possible.
7. Budget to Ultra Luxury Properties
You can afford even ultra luxury properties because it will be very much under your budget.
It is better to buy a flat in Dubai rather buying in Manhattan, New York.
Also Read: How to Make Money Renting Your House
8. 100% Owner Ship (freehold)
You will have 100% ownership of the property which means it will be your freehold property.
So as a freeholder of the property you own it outright including the land it is built upon. Isn’t this great!
9. A Fantastic Lifestyle
Now we did talk about the lifestyle early in the article. However I want emphasize on this again and again.
You can find every amenity that you want and there are some great places to live especially Dubai Marina.
10. Finance up to 50% Available
Finance that is available is up to 50%. So you can buy a property even if you have half of the money. It is that great.
11. No Restrictions on Repatriation of Funds
There are no restrictions on repatriation of funds. So you can convert the currency into INR how much you like and send it over here.
There is no limit. That really makes easy for many Indians who want to invest there.
Also Read: What is Cryptocurrency? Know Everything About it
12. Simple Documentation
Final documentation is very simple and hassle free. Everything is ready in just 2 to 3 weeks, it is like a breeze.
You don’t worry about any legal issues.
So these were 12 reasons why you can’t afford to miss this wonderful opportunity. Make best use of right time at right place.
Dark Side of Dubai
We talked every good reason why you need to invest in Dubai. However it is our responsibility to show you both sides of the picture.
It can’t happen that everything is hunky dowry in Dubai. If it is so then why people still love to buy properties in other cities like New York, London, Hong Kong etc.
Well here are some dark sides of Dubai that you might not like.
There are certain laws in Dubai that could impinge on your freedom. Like
- You cannot show affection in public. Like if you kiss or hold hands together then you might get deported back to the country you came from. So no love in public.
- In public men and woman should always wear clothing that covers from shoulder to knees. However there is exemption if you are at beach or swimming pool.
- However if you are a women then you can’t wear skin tight clothing or anything that is transparent.
- During month of Ramadan you can’t drink or eat in public.
- Illegal drugs are strictly forbidden. However alcohol is served in licensed bars and hotels.
- Finally Dubai is Sharia Compliant.
So you can make the final call.
