Why 2022 is the Best Time to Buy Property in Dubai

What Makes Dubai a Prime Real Estate Location?

The real estate market has always been in a volatile state, but as 2022 approaches, Dubai will see one of the most affordable rates with an upward trajectory into the new year. Based on the statistics shared by the Dubai Land Department (DLD), the real estate arena is finally getting back on track after recovering from the impact of the pandemic. This begs the question: should you jump the gun and invest in real estate property in Dubai moving forward?

Benefit #1: Dubai Offers High Rental Yields

Dubai is one of the most popular places for expatriates to settle down. The reason is simple: Dubai offers a high-end lifestyle at an affordable rate. As part of the UAE, Dubai receives over 120 nationalities of expatriates who are employed by some of the leading companies in the region. Not to mention, Dubai ranks ninth in the world and third in the Middle East for high rental yields globally.

See also: Villas for sale in Dubai

It’s a feat that’s not easy to achieve and one that makes Dubai a prime market to consider investing in. Rental yields are a key factor to consider when making an investment in any market but are particularly important when it comes to real estate investment.

Benefit #2: Property Prices Per Square Foot is Significantly Lower

Although Dubai and the UAE overall have seen steady price increases in recent years, the average price per square foot is substantially lower than many other popular locations around the world. Property prices per square foot are significantly lower in Dubai compared to other major global cities. The cost per square foot in Dubai is believed to be around $8.3/square foot and is just 0.6 percent of the price of New York, which is the most expensive in the world.

Benefit #3: A Friendly Place for All Kinds of Investors

Dubai has a good market for investors of all levels, wherein one of the most interesting unique things about Dubai is that the city offers living conditions that can be enjoyed by both short-term and long-term investors.

For instance, short-term investors will enjoy the fact that they can have a quick and lucrative profit with their rental properties, while long-term investors will have the incentive of capital appreciation when they re-sell their properties through the years.

Benefit #4: Easier Tax Implications for Real Estate Investors

Real estate investment in Dubai is a good way for investors to manage their taxes, particularly since it doesn't come with standard property taxes and stamp duties. This is something that Dubai has one of the best tax systems in the world, and it is encouraging for investors who are interested in real estate. It’s a great relief from the taxes that exist in other places in the world, such as the US, which is one of the very few places that tax the interest income on mortgage loans or the capital gains from the sale of the property.

The Bottom Line: The Wonders of Investing in Dubai's Real Estate in 2022 and Beyond

Dubai is soaring to the top of the global real estate market with its unique mix of low prices per square foot, high rental yields, and flexible investment options. Even when the next global financial crisis hits, Dubai’s real estate market will still be relatively resilient.

There are plenty of reasons to start your Dubai real estate investing in the upcoming years, for the price of land in Dubai alone is sure to rise due to its limited supply. The best time to invest in real estate in Dubai is now, so you can really reap the benefits from the city's real estate market as 2022 approaches.

Do You Need Help with Your Real Estate Endeavors?

Buying or selling property in Dubai can be tricky, but you don’t have to go through a lengthy trial-and-error process to navigate the complex real estate market. Aleizba.com can take the guesswork out of your hunt for the most lucrative real estate available with our expert guidance.