Investing in property the United Arab Emirates
Cosmopolitan chaos and a cityscape like something from the future, Dubai is the home of the tallest building in the world, the only 7-star hotel as well as the world's largest artificial islands - everything about this city overlooking the Arabian Desert screams luxury. As one of the world’s fastest growing economies, Dubai is a city of vast opportunity.
UAE ranked as second-best market for investors in residential property. The tax-free investment environment means no income/capital gains tax or tax on rental income. With the increasing demand for residential and rent properties, there is hardly any real estate investment you can make that is more lucrative than buying a luxury home in Dubai. Buying properties in UAE worth more than 500,000 AED also makes you eligible for a residency visa.
One of the most exciting residential projects on earth is undoubtedly Palm Jumeirah, the largest artificial island in the world and the largest single-phase residential construction which extends 6.5 kilometres into the Arabian Gulf. With 4,000 exclusive villas and apartments, boutique hotels, marinas, restaurants, cafes and retails outlets, this truly is a unique place to buy a luxury home.
Many of the newer residents in Dubai have relocated for business purposes. It is recognised as one of the business capitals of the world, specifically the business capital of the Middle East. This city of superlatives has attracted investors, business moguls, tourists and new residents from around the world, and now has the largest immigrant population globally.
Dubai is the most modern of the seven emirates that make up the United Arab Emirates. The city has fast developed into one of the most desirable places to live in the world and its popularity is still growing. With exceptional infrastructure and endless amenities, Dubai is well known for its shopping, partying, fine dining and sporting events, among other attractions. Dubai International Airport is just a five-hour flight from many European capitals.
Enjoying sunshine all year round, pristine sun-baked beaches and breathtaking structures, Dubai is often associated with being the fastest, biggest, tallest and most luxurious city in the Middle East. The mega malls are a shopper's paradise showcasing all the international brands and opulent luxury you would expect to see. Shopping is arguably a favourite pastime of its inhabitants and an excellent place to socialise - Dubai even has its own festival dedicated to shopping.
Dubai’s has a vast array of water activities, including everything from exploring the nature of the Arabian Sea and exotic aquatic animals, to chartering luxurious yachts to discover the emirate’s surrounding waters. Escape from the heat in the indoor snow skiing and snowboarding centre, experience the snow bullet rides and meet the King and Gentoo Penguins.
For more information about luxury property for sale in Dubai, you can use the property database search facility at the top of this page or complete the form below and a senior consultant from Butterfly Residential will be in touch.