The strong economy of the Emirates, the stability of its currency and the investor-friendly policies that have been implemented over the years are bearing fruit
According to the new “Best Investment Migration Real Estate Index 2022” by Henley and Partners and Deep Knowledge Analytics, the United Arab Emirates is in the lead, followed by Spain, Montenegro, Turkey, Portugal, Thailand, Greece, Grenada, Cyprus, Dominica and Saint Lucia. , Saint Kitts and Nevis, Antigua and Barbados, Malta, Jersey and Mauritius. — File photo
A good reputation, the best quality of life, strong and stable economic growth, high rental income and easy resale of assets make the United Arab Emirates, especially Dubai, the best place to invest in the real estate sector, according to the leader and experts in the real estate sector. .
In addition to the ongoing Expo 2020, Dubai and the successful handling of the pandemic, the emirate’s strong economy, stable currency and investor-friendly policies that have been implemented over the years are paying off. dividends and boost the confidence of foreign investors for a long-term future. presence here.
Thierry Delvaux, CEO of JLL Middle East, Africa and Turkey, said the UAE’s economic indicators broadly suggest that economic growth has accelerated in 2021.
“The Expo helped drive growth, with hotel occupancy rates and residential real estate prices rising. We expect this to continue to have a positive impact on the real estate market in 2022 as well,” he said.
Rizwan Sajan, chairman and founder of Danube Group, said Dubai has a number of advantages that attract foreign investors.
“First of all, all investments are protected from any intervention. Second, it provides a business-friendly environment. Third, the emirate offers unparalleled security and quality of life. Fourth, its world-class infrastructure and global connectivity are amazing as a businessman can travel to over 200 cities across six continents non-stop from Dubai. Fifth, Dubai real estate offers reasonably good returns on investment in key business sectors. And above all, it is a tax haven with one of the economies with the least direct taxation. Therefore, Dubai is a magnet for foreign investors,” Sajan added.
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According to the new “Best Investment Migration Real Estate Index 2022” by Henley and Partners and Deep Knowledge Analytics, the United Arab Emirates is in the lead, followed by Spain, Montenegro, Turkey, Portugal, Thailand, Greece, Grenada, Cyprus, Dominica and Saint Lucia. , Saint Kitts and Nevis, Antigua and Barbados, Malta, Jersey and Mauritius.
The index covers 12 key metrics, including reputation, quality of life, GDP, minimum amount of real estate investment required for the investment migration program, potential rental income, costs associated with buying property. property, processing efficiency, holding period, residency requirements, restrictions on the use or ownership of property, asset liquidity, and the state of cryptocurrency regulation in the country. The index was launched for those seeking secondary citizenship. Imran Farooq, CEO of Samana Developers, says there are multiple factors, but certainly the most attractive is Dubai’s stronger position as a long-standing business hub in the Middle East, as recent favorable economic reforms to investors attract foreign investors.
Farooq said investor inquiries have doubled since the start of Expo 2020 Dubai and there has been a significant increase in property sales.
“Since the UAE has been ranked as one of the best places to live and work, I can see the upward trend continuing and attracting more foreign investors who have longer term plans to do business in Dubai and take advantage of the luxury lifestyle here,” Samaná CEO added.
What attracts foreign investors to the UAE:
- Quality of life
- Rental income
- Attractive property charges
- Stable economy
- Treatment efficiency
Source: Henley and Partners, Deep Knowledge Analytics and KT Research