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.
Burj khalifa |
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.
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