Dubai's property market has garnered significant attention in recent years, attracting the gaze of many domestic investors. With its favorable property prices and unique policies and development prospects, Dubai has become an ideal investment destination for many.
Considering the price advantage of Dubai properties, in prime locations of Dubai's city center, the average property price is around 40,000 to 50,000 RMB per square meter, while in non-core areas, it is approximately 20,000 to 30,000 RMB per square meter.
Compared to the property prices of first-tier cities in China, which often exceed 100,000 RMB per square meter, Dubai's property prices are undoubtedly more attractive. This means that investors can acquire larger properties in Dubai at a lower cost, thereby enjoying the developmental dividends of first-tier cities and achieving high cost-effectiveness.
The high return on investment in Dubai's property market is a crucial factor that investors pay attention to. According to statistics, the average return on investment in Dubai real estate is as high as 5.5%, far exceeding many other cities globally, including New York City, Hong Kong, and London. This implies that investors can expect higher investment returns in Dubai, which is a compelling incentive for investors seeking investment profits.
Dubai's property policies and living environment are also highly attractive. For example, purchasing property in Dubai does not entail any property tax, acquisition tax, or stamp duty. For investors willing to rent out their properties, there is also no rental tax, meaning that rental income belongs entirely to the investor without worrying about tax issues.
In addition to investment returns and tax advantages, Dubai's properties also offer convenient visa policies. Investors need only 2 million dirhams (approximately 4 million RMB) to obtain a golden 10-year visa within 7-10 days, or purchase a property worth 750,000 dirhams (approximately 1.5 million RMB) to obtain a 3-year visa. This lenient visa policy provides investors with more flexibility and attracts more people to choose Dubai as their long-term residence or investment destination.
