Investing in Dubai in 2021

Mounir REDJDAL, CEO & Founder of Dubairealestate.net, answers many of your questions. Notably on the famous question ” Why invest in Dubai in 2021? “.

It’s not just about being able to live in the sun all year round. The reasons for investing in property in Dubai go much further, but what are they?
“2.5 billion euros. These are the figures recorded in May 2021 in Dubai. For a total of 11 billion since January.

Hello, I’m Mounir REDJDAL, Director at Dubaïrealestate.net. Today, we’re going to talk about why to invest in Dubai:

Zero tax, no tax; in fact, you won’t pay any tax on resale, especially if you make a capital gain. You also pay no income tax. So here’s why investing in Dubai is so interesting. Because you won’t be paying any extra money to the state.
The only tax in Dubai today is VAT, which is 5%.

You will benefit from a payment plan that will be set up directly with the developer. This will enable you to pay for your property from 1 to 7 or even 10 years, here without a credit agreement or agreement in principle.

You’ll benefit from a very good return on your investment in Dubai, to also make a capital gain on resale, so for more information, I invite you to click on the link below and we will contact you as soon as possible. Thank you.”

Indeed, today we have several reasons toinvest in Dubai, when we summarize:

– When we look at real estate investment figures, we see that 2021 is a banner year for investors. The COVID-19 crisis has boosted real estate investment in Dubai. According to the figures recorded by Dubailand Department, since the beginning of the year, the amount of transactions has only increased, as has the number of transactions.

– The fact of not paying any additional taxes to the government is one of the reasons most people know about. Not having to pay income, resale or even property taxes is a real added value. Dubai is planning to increase the number of inhabitants and is betting heavily on real estate investment.

– A number of real estate developers are setting up payment plans to make it easier for buyers to invest in property in Dubai. Depending on the developer, payment plans may vary. From 1 to 10 years.

– We must not overlook the return on investment. Today, real estate investments offer returns of 7 to 10% net, compared with 4 to 6% gross in France.

– Numerous technological advances are constantly being made. Many are expatriates, around 88% expatriates and 12% from the Emirates. The average age in Dubai is 30-35, a young, active population. The tertiary sector is becoming increasingly important, attracting young people to develop their skills and move up the career ladder.

– Dubai is one of the TOP 10 safest cities in the world. Each year, Numbeo, the world’s largest participatory database of cities and countries, publishes its rankings for a total of 431 cities. In 2021, Dubai will be in 7th place in this ranking. The safest city in France is Nice, ranked 194th. Note that 3 cities in the United Arab Emirates are in the TOP 10 safest cities (1st Abu Dhabi, 6th Sharjah and 7th Dubai).