Dubai, one of the top 10 cities in the world, is not only an international financial center but also a top tourist destination. Its infrastructure, museums, hotels, islands and recreational facilities are some of the world's top achievements.
And to move to this city, all you need is to own a house.
01
Dubai Golden Visa
Previously, in a bid to attract global investors, entrepreneurs and professionals, the UAE introduced a 10-year golden visa.
Foreign investors who purchase a property worth Dh2 million and above in the region will be granted a 10-year residency for the whole family, which can be renewed indefinitely upon expiry of the visa.
As the second largest emirate in the UAE, Dubai has attracted a large number of HNWIs to settle in the city due to its unique advantages of security, prosperity and tax exemption.
According to the latest official data from Dubai, a total of 158,000 golden visas were issued in 2023, which demonstrates its strong appeal.
02
Is Dubai real estate a good investment?
Some people may wonder if Dubai real estate really has investment potential. The answer is obvious! In terms of price, market security, added value and return on investment, Dubai real estate is worth investing in.
❍ Price advantage: Although Dubai is the world's top financial center, the rich and powerful, but the average price of its real estate is only 40,000 / ㎡, one-third of Shanghai, one-fifth of Singapore, Hong Kong, one-seventh.
❍ Market security: Dubai's property market has been developing steadily, and the real estate bubble index has been close to zero for 8 consecutive years, so the market risk is low.
❍ Added value: Buying Dubai real estate enjoys benefits such as 0 common area, freehold, unlimited purchase, attached parking space, and only 4% land registration fee when buying or selling.
❍ Return on investment: the return on investment is up to 6%-10%.
In addition, in 2023, the famous Portuguese soccer player Cairo also purchased a mansion in Dubai's “Billionaire's Oasis” - Jumeirah Bay Island.
03
Is Dubai a good place to live and do business?
► Leading business environment in the world
Dubai has attracted over 400 Fortune 500 companies to operate here, including Deutsche Bank, Credit Suisse, Morgan Stanley, Merrill Lynch, China's four largest banks, Huawei and many more.
Dubai has also established a number of free trade zones, offering investors a wealth of business opportunities and incentives, with business advantages including:
❍ 100% foreign investment;
❍ Zero tax policy, known as a tax paradise;
❍ Free movement of capital and profits in and out of the country with no foreign exchange controls;
❍ Currency pegged to the U.S. dollar with a fixed exchange rate;
❍ Simple processing procedures without cumbersome bureaucratic procedures.
► Abundant educational resources
Dubai currently has 221 international schools, including 60 British, 30 American and 10 British/IB schools. In addition, Dubai is home to 36 universities such as the American University of Dubai, the University of Wollongong Dubai Australia, the University of Canada Dubai, and the University of Birmingham Dubai UK.
► Safe Social Environment
In addition to its booming economy, Dubai has one of the lowest crime rates in the world, making it a peaceful place to live for residents and visitors alike.
Overall, Dubai is an ideal destination to live and invest in.
If you are interested in applying for a Dubai Golden Visa, please contact Nebula Hai International and we will provide you with a customized solution.