Dubai presents lucrative investment opportunities for Asian investors in real estate sector. The proximity of Dubai to these countries along with good rental yields is the main attraction. Moreover, Dubai offers unique opportunity of earning tax free gains.
Furthermore, the deteriorating law and order situation in many of surrounding countries is another reason which boosted Dubai’s property market. Affluent investors from gulf including Syria, Lebanon, Iraq, and other Arab countries have flocked to Dubai.
Investors from non-Arab countries too have benefited from its property market. The data from Dubai Land Department shows that Pakistani investors, during 2015, has invested AED 8 billion in Dubai, which is more than AED 7.588 billion, invested during 2014.
India has topped the list of largest investor. The amount invested by Indians during 2015 is AED 20 billion which is more than AED 18.123 billion, invested by Indians during 2014.
UK citizens are second largest investors in Dubai’s property market. The amount invested by U.K. investors, during 2015, is AED 10 Billion. Previous year investors from U.K. invested AED 9.318 billion.
The improvements made by UAE Govt., after 2008 crisis, helped build investor confidence. Steps like increase in property transfer fee sidelined speculators. Furthermore, Escrow account added another layer of security for genuine investors.