Do you know that Dubai is grabbing a lot of attention from Indian investors?
Yes, it’s true! A lot of investors from India have started to look at Dubai as a new place to put their money, especially when it comes to buying property.
This trend is catching on pretty fast, but why is it happening? Well, Dubai has lots to offer – good returns, high-quality living, and property prices within reach.
Along with better rentals and affordable homes, investing in Dubai is also quite an easy task. So in this blog, we will talk about why Dubai is becoming a favorite with Indian investors.
If you are someone who is interested in investing, then this new trend is something to think about. Stick with us to learn more about this interesting shift in Indian investments.
The Current Investment Trends
There’s a buzz in the investment domain that’s hard to ignore – Indians are choosing Dubai for their property investments.
This trend isn’t slowing down. In fact, it’s quite the opposite.
The luxurious appeal of Dubai’s world-class infrastructure and the promising returns, pulled a hefty investment sum of an astounding ₹35,000 crore ($4.7 billion) from Indians in 2022.
To grasp this shift, one must understand its magnitude – this marks nearly a two-fold growth from the preceding year.
Shifting Gears from Other Global Cities to Dubai
Dubai isn’t just another city on the global investor’s radar; it’s a city that’s now topping that list. Indian investors are turning their backs on traditional investment destinations like London and Singapore and are embracing Dubai instead.
This shift isn’t incidental, but linked to Dubai’s strategic advantages over these cities – be it the thriving economy, business-friendly policies, or fiscal benefits.
The Dubai Property Expo in Chandigarh
The Dubai Property Expo in Chandigarh isn’t a typical property showcase. It is a curated event that offers insights into Dubai’s evolving property market, it creates an opportunity to learn, explore, and interact with property specialists from Dubai – all under one roof.
The earlier expos have been instrumental in shaping the investment decisions of many. For example, Mr. Prakash, an Indian investor who attended the expo last year, was so influenced by the insights and information he received at the expo, he made his first Dubai property investment soon after.
Rising Property Prices and High Returns in Dubai
Investing in Dubai’s real estate isn’t just about buying a property; it’s about buying a piece of the city’s booming economy.
In 2023, apartment prices have soared by almost 18% and villa prices by an impressive 22%.
Ankita, a Dubai-based Indian investor, purchased an apartment in 2022 and saw its value increase by nearly 20% within a year!
Increased Rental Yields
One aspect that makes the real estate sector in Dubai all the more lucrative is its high rental yields.
With returns on rental ranging between 4% to 7%, the rental income can be quite substantial. And the icing on the cake?
There’s no tax on property rental income or capital gains, leading to far greater profitability.
The Future Growth
Dubai’s real estate market doesn’t just offer promise. it delivers.
The market is projected to grow by about 15% in 2024. In other words, investing in Dubai is akin to planting a money tree that keeps on giving.
Attractive Advantages: Golden Visa, No Extra Tax, and More
Dubai’s Golden Visa is a big attraction for Indian investors. It’s like an extended stay permit granted by the UAE government.
By buying a property priced at least 2 million dirhams, investors get themselves a Golden Visa that allows them to stay for 5 years. The best part? It doesn’t end there; you can renew this visa, creating a sense of comfort and security.
A Whole Pocket of Profits with No Extra Tax
Think about Dubai’s no-extra-tax policy as a gift. When you sell property in Dubai, you’re not charged any extra tax on the profits you make. This alone makes investing in Dubai’s real estate a great idea.
Stability is Vital – And Possible with Dirham
The UAE’s local currency, the Dirham, is tied to the US Dollar. This ensures that the Dirham stays stable, which really helps Indian investors. With a stable currency, the risks of losing money due to fluctuating currency exchange rates are pretty low.
How Affordable is Dubai Property – Let’s Compare!
You’d be surprised at how property prices in Dubai measure up against those in Indian cities. For example, with ₹2 to ₹2.5 crore – not enough to even think of buying property in a city like Mumbai – you could be the proud owner of a swanky Dubai apartment!
Because of this surprising price difference, Dubai is drawing more and more Indian investors.
Dubai is Pocket-friendly, too!
Dubai is famous for its lavish lifestyle. But beyond the glitz and glamour, Dubai also offers some surprisingly affordable property options. Be it cozy apartments in suburban locations or sleek studio apartments in bustling city centers. So no matter what your budget, there’s something for you in Dubai.
Affordable Luxury – Dubai’s Speciality
‘Affordable luxury’ is what Dubai is all about. When you invest here, you don’t just buy a house, but a tasteful, modern living space that’s all about world-class facilities and a class-apart lifestyle.
Understanding Indian Big-Spenders Investing in Dubai
Well-off investors are taking interest in Dubai as a way to mix things up in their investment portfolio. When they invest in Dubai, they get to venture into a different type of investment; plus, investing in Dirhams shields them from any money loss if the Rupee’s value drops.
High Rental Returns: The Real Attraction
Most people invest in property intending to rent it out, and high rental returns are what make Dubai’s real estate sector so promising. With yearly rental income ranging from 4% to 7% – higher than many top cities in the world, big spenders are naturally attracted towards investing in Dubai.
Hassle-free Property Management in Dubai!
Does managing a property located all the way in Dubai, while living in India, sound tricky? That’s the beauty of it – it’s not! With Dubai, you can take care of everything from renting out your property to receiving rent money right from your home in India. It’s like a dream come true for Indian investors who want to invest abroad with minimal hassle.
Final Thoughts
Dubai’s real estate market is attracting more and more Indian investors – and with good reason. It offers a perfect blend of attractive features, such as the Golden Visa, a stable currency, pocket-friendly property prices, and a great investment environment with no extra taxes on profits.
With its knack for providing affordable luxury, Dubai emerges as a magnet for high-spending Indian investors, offering a chance to diversify their portfolios and benefit from high rental returns. Furthermore, the effortless property management experience makes investing in Dubai a relatively hassle-free opportunity.
As global economies continue to evolve and transform, Dubai’s real estate sector stands out as a promising alternative for Indian investors. By capitalizing on Dubai’s unique appeal, market stability, and potential returns, Indian investors can seize the opportunity to grow and add diversity to their financial portfolios.
