UAE is a land of expats from across the
globe. People come to the UAE for earning tax-free money and often make this
destination their home; such is the charm of this country! While Dubai remains
the most attractive destination, each of the emirates in the UAE offers various
reasons to stay in and own a piece of real estate here. Indians, who form the
largest expat population of the UAE, are known for their love for gold and
property investments. While a majority of them transfer money back to India, a
significant number of them are making investments in UAE’s booming real estate
market.
Why Invest in UAE Real Estate?
UAE is a major trading hub with some of the
world’s biggest ports located in the country. It is also home to the world’s
tallest buildings, best hotels, and biggest shopping malls. It is a major
tourist destination, attracting millions of tourists every year who stay in
hotels, go shopping in malls and have fun in amusement parks. The resident population
of the UAE largely comprises of expats who usually rent houses during their
stay.
Whether you own commercial real estate like
shops or residential real estate like apartments and villas, UAE offers a very
high potential for rental income. The proximity of this country to India also
makes it an attractive investment destination for Indians because they can
quickly travel to see what they are investing in.
After the economic downturn in 2008, when
the UAE’s real estate market plummeted, there has been a steady revival in property
demand. In 2014, the UAE generated over
$30 billion in real estate sales with nearly half of it coming from foreign
investors, mostly Indian and the British. Due to the revival in demand and easy
availability of business finance, developers have resumed construction of projects
that they had earlier put on hold. New real estate and infrastructure
development projects are coming up as well. All these are signs of a real
estate market with the potential for significant growth and returns on
investment.
Who Can Invest in UAE Real Estate?
Virtually any investor from any part of the
world can invest in the residential and commercial real estate market in the
UAE. High net worth individuals can utilize asset management services for
investing in the UAE because this gives them several options for investing
directly or indirectly in real estate.
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