Investing in a Home when Prices Hit Rock Bottom

The real estate market in Dubai has been sluggish in the last year. This is usually the case when supply exceeds demand. As the city is gearing up for exponential growth entering into the next decade, demand for real estate is yet to proportionately catch up. Experts opine that getting closer to Expo 2020 will change all that, with a good reason. The greatest comfort that a city can offer to its dwellers is, infrastructure. Clearly, there is no dearth of offering to lead a life of luxury in Dubai. Which means that not only the city offers great infrastructure, but goes over and beyond to keep its steady stream of foreign visitors in great spirits with a multitude of entertainment ranging from musical concerts of international stars to Formula 1 races to local cultural experiences.

Real estate developers are leveraging these excellent amenities after identifying Dubai as one of the most important connecting cities for commercial activities between the West and the East. Numerous buildings with breathtaking architecture adorn the city attracting investors all around the world. The new commercial and residential projects offer the much needed office spaces for leading multinational companies and plush houses for expats. Leading developers have already roped in celebrity endorsements and invited buyers from all around the world to invest in Dubai. Why is there so much buzz about a city that is yet to peak in real estate prices this year? You will surely find some answers here. If that didn’t convince you, here are top 5 reasons why you should look at investing in a bear market:

1. Houses are built to meet international standards with modern conveniences. No need to spend time and money on upgrading the property.
2. Rental yields are higher than global averages. Read our press note to learn more.
3. Property prices are lower compared to other major cosmopolitan cities around the world offering similar comforts
4. Before you consider investing, you can go through the listings, compare and schedule viewing of the shortlisted properties through property search sites enabled by cutting-edge technology. This way your search for a real estate investment suitable for your budget is done more efficiently.
5. Although Dubai hosts people from all walks of life, it is one of the expensive cities to live in. Affordability of larger sized properties such as villas, townhouses and bungalows are going to be more expensive in the coming years. That’s why you can sit pretty on your property investment if you buy real estate now than later.

Apart from the above reasons, Dubai also extends a tax free environment and offers residence permit and visa for property owners who meet conditions prescribed by the government. As a relatively young city, Dubai is bound to grow its population by leaps and bounds by way of not only workforce immigration but also as an investment hub, in the coming years. As one of the most happening cities of the world, it attracts the young for school and job opportunities, the experienced workforce for better prospects and seniors for vacations and a warm retired life! As you can see, it has a little for everyone.  

This Middle East city is also a melting pot of cultures. Dominated by the labour workforce from India, Pakistan, Srilanka, Phillipines and Bangladesh, it also attracts white collared workers and investors from the very same countries and in addition from UK, France, South Africa and Canada. Restaurants and food services offer a range of ethnic cuisines. Bollywood movies are a big hit in Dubai in addition to the blockbusters from Hollywood. With such diversity, one can only feel at home in Dubai. If you are looking at investing in a global property, find gorgeous sun-kissed homes by the sea or along golf courses in trending neighborhoods like Arabian Ranches, Palm Jumeirah, Jumeirah Golf Estates, Green Community and many more. Our portal MyVilla.com offers you listings of exclusive villas, townhouses and bungalows in Dubai. So hug the bear today!