Dubai real estate market : The real estate industry in Dubai has become one of the most lucrative, Transparent and Secure property market in the world. The Dubai Real estate Regulatory agency (RERA) presented a modal of inspirations for Indian authorities to reform their own regulatory farm work in 2016.
Dubai real estate market
Dubai’s RERA currently offers the best protection for investors in the real estate sector. The property developers in Dubai are deprived of the right to access investors’ money without permission from RERA Writes Augustine Joseph Managing Partner M/s Network Ventures
Dubai offers 7-8% rental returns from annum, compared with 2-3%in most metropolises in the world. Which means an investor could recover the entire investments in 12-13 years through lease or rent. These investments yield higher returns compared to similar properties in metropolitan city in India. Even with a high dollar rate and Indian rupee trading low, some of these investment opportunities are unbeatable and can help an investor to acquire high yielding property.
Dubai real estate market
The entire process of property purchase in Dubai is simplified and does not require a lawyer to complete at any developer’s or government approved trustee office.
Some established developers offer a post-handover extended payment plan, wherein an investor could get the keys of the property after paying on average 50%of the price, leading more attractive ROI as high as 15- 20%.. For example a buyer could take a possession of a two Bed room apartment that is priced say DH 1million (1.8 crores) by paying just Dh 50,0000with the balance to be paid in 5-7 years. He could easily command the rent of Dh 80,000(Rs. 14 lakh) per annum that makes it 16%return on investment.
Dubai real estate market
Dubai world class infrastructure , Geographical location, frequency of air connectivity and emirates liberal socio-economical polices and political stability make Dubai a natural choice for Indians to invest in their second, third or fourth homes. The recent relaxation in the UAE’ visa policy offers Indian nationals an electronic visa or a visa on arrival basis their valid us\EU visa.
Indian nationals, who forms the largest foreign investor group in Dubai’s real estate, have brought properties worth Dh 83.65 Billion in the last five years—from 2013 to 2017 —-in Dubai’ property sector .
Dubai real estate market
Due to the above reasons, Indian nationals will continue to dominate the list of foreign investors in Dubai real estate market for long time.
This Article is Authored by Mr Augustine Joseph, Manging Partner M/s Network Ventures, He has vast Experience in Real Estate both in Domestic and international Sales, Representing Luxury Developers both in India and UAE, He can be Reached at +91-7829071666
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