Guide to Dubai Real Estate Investment in 2021
Are you looking to invest in Dubai Real Estate but aren’t sure where to begin or whether it’s the right time? Here we will explain why investing now is a good idea and some steps you can take to get started.
1. Define and understand your goals
The ultimate goal of any investment is to receive a handsome return on investment. When it comes to luxury real estate investments, there are several options to generate returns. One of the best options is to flip the property quickly and get quick returns, but if you’re looking for a long term investment, a different approach might work better for you. So, when investing in luxury real estate, you have to clearly define your goals, whether you are looking for a quick return or you’re looking into a long term wealth creation.
2. Allocate the source of funding for your investment
The source of funding for any investment is really important. If you have excess money, you can easily allocate it towards your investment. However, if you don’t have ready funds to spare, you can look into other sources such as banks. Make sure you know where the funding will come from, and understand and agree with the terms and conditions.
3. Choose the market
Choosing the right market is very important for a successful luxury real estate investment. Before investing in a luxury real estate market, you have to research different factors, such as the job market, cost of living, and the median household income of that location. Researching factors like this will help you to gauge the future growth of the location you are investing.
Why should you invest in Dubai Real Estate Market 2021?
The real estate sector in Dubai contributes heavily to the country’s GDP and is a reliable indicator of the overall economic scenario of the nation. In 2019, real estate contributed 7.2% to Dubai’s GDP. This contribution was 8% during the first quarter of 2020 – the largest contribution ever since Q1 2017.
The Visionary Government
The proactiveness of UAE rulers and the UAE government has ensured that the city remains perpetually interesting to investors. Buoyed by a rebound in tourism and quick distribution of vaccines, business activity in Dubai is quickly catching up to the pre-pandemic levels. 74% of the eligible population has been successfully vaccinated, and it seems that the goal of 100% vaccination will assuredly be achieved by the end of 2021.
The government has provided considerable impetus by making key changes to company ownership laws and visa laws. Dubai now allows 100% ownership of businesses without the need for a local partner. The Golden Visa program has been a veritable magnet for aspirants of UAE residency.
The Dubai Expo 2020 is a large public exhibition, and it is estimated that 182 countries and organizations will be participating in it. The goal of the exhibition is to raise awareness about the challenges faced by humanity on a global scale. The theme, “Connecting Minds, Creating the Future”, is based on the belief that bringing the world together will lead to an exchange of new perspectives and inspire real-life solutions to real-world challenges.
Dubai expo 2020 is going to be the third-largest event in the world after The Olympics and The FIFA World Cup. This event is going to attract a lot of people from all over the world, which is an excellent boost to Dubai’s economy. The event will generate a lot of new jobs and will increase the hotel business as well. This event will also give Dubai global exposure and will attract Foreign Direct Investments. All these positive impacts will also boost the real estate business tremendously.
With these changes, Dubai has opened its doors to global investors. By investing in Dubai real estate, investors will not only get a property where they can relax with the whole family but also a valuable asset with great potential returns.
However, researching and analyzing all the above factors can prove challenging for an individual. This is where Tamleek Real Estate Investment Trust (REIT) & Global Investments Team can help – we conduct thorough research on the best luxury real estate investment opportunities in Dubai, with special consideration to your unique circumstances and goals mentioned above. With our real estate investment strategy, we help our clients to invest in a way that provides them with handsome returns.