Why Invest in The UAE? Our world is full of amazing and exciting places. While some of them are good for living, others are better suitable for visiting occasionally.
When it comes to UAE it’s not only a good place for living but also a great opportunity when comes to investments.
There are a lot of fascinating things in the UAE. It’s sunny all year-round, stunning beaches, huge shopping malls, deserts, astounding infrastructures like the Burj Khalifa and Palm Jumeirah. And all these amazing things attract a lot of tourists. And since UAE is a great hotspot for tourism it’s also a great place to invest your money in.
There are a lot of reasons to invest in the UAE including strategic location, State-of-the-art infrastructures, political stability, social stability, open economy etc.
Here are some reasons why to invest in the UAE –
Location wise UAE is perfectly suitable for business as it is located between the east and the west, thus making it available to various regions like Asia, Africa, the Middle East, and Europe. Its strategic location makes it accessible to these major emerging economies by linking shipping routes and easing access for goods’ transportation.
Great Returns in the Real State
Property prices are comparatively low in the UAE, which means it’s a great opportunity for investors to invest in the UAE. Despite being one of the most advanced countries property prices here are astonishingly low compared to other advanced countries of the world.
Where with a million dollars you can only buy 25.2 square meters of land in London, 40.2 square meters in New York and 95.7 square meters in Mumbai, you can buy about 146 square meters of land in the UAE. Since the numbers of visitors are increasing in the UAE every year, it is expected that this number will rise over the upcoming years.
Choices for Business Premises
There are a lot of choices for business premises and location in the UAE. You can choose a place suitable for your business almost anywhere whether on the mainland or in a free zone.
There are a lot of choices such as –
• Shopping malls
• Plush business centres
• Industrial areas
• Commercial buildings and towers
• Specialized free zones etc.
In Dubai, there’s no extra charge when you buy a property. You don’t need to pay to grant access or anything and the purchasing method is really straightforward. There’s no tax or no hidden charges or anything. You also don’t have to worry about any long-term consequences.
Stable Political Environment
When it comes to political stability the UAE can be a role model. UAE’s political system has been the same since its formation in 1971. The UAE has been a successful constitutional monarchy since then and still continues to be so.
Currently, the UAE has 102 diplomatic missions abroad including 80 embassies, 18 consulates and 4 permanent missions. There are 199 foreign diplomatic missions in the UAE which include 110 embassies and 73 consulates. Also, as stated by the Global Peace Index, the UAE is the third most peaceful country in the region.
Despite having the presence of a large foreign community in the country, the UAE is a safe place for working and developing your capital with favourable living conditions and quality of life.
UAE has one of the lowest levels of violent crimes in the world. In 2015, UAE ranked 9th with a low number of violent crimes of 110 crimes. It is better than any well-developed countries over the world.
As the UAE is a hotspot for tourism, it has a strong economy. And its economy is continuing to grow as its tourism is growing continuously. The UAE’s regulations prohibit monopoly and encourage competition. The UAE’s GDP has increased more than 200 folds in the last 50 years and it’s continuously increasing. It started with the GDP of AED 6.5 billion in 1971 to AED 1,540 billion in 2014 and continuing to increase.
The UAE’s future goal is to create a future beyond its oil. According to their plans, the non-oil sectors of their economy will cover up to 80 per cent of their GDP in the next 10-15 years.
The upcoming Dubai expo 2020 features a huge step in this plan. Job seekers, Entrepreneurs and enormous businesses are rushing towards Dubai, which is attracting tourists from all over the world. Dubai is expecting about 20 million tourists a year. That’s 8 million more tourists than what they have now. And according to the WTTC (World Travel & Tourism Council), this figure would jump to about 40 million tourists\year by the year 2024.
As stated by the reports, travel and tourism directly contributed about 6 per cent of the total employment in the UAE. Reports also say that the number would rise about another 2 per cent by the end of 2024. This means around 400000 more job openings are expected by the end of 2024.
Tax-Free Real Estate
Another advantage of investing in the real estates of the UAE is that you don’t have to pay any taxes. Whether you are planning to buy a retail unit, office space, residential villa or an apartment, all of this is completely tax-free.
Though all of it is tax-free, there is a property transfer fee. It is 4 per cent of the property value. So, if you are thinking of buying any properties in the UAE you should consider this as well. Another thing to consider is that the delivery date of a project seldom extends beyond the promised one, like in many other countries of the world.
Increasing Demand for Housing
Investing in the UAE, especially in Dubai could give the investors the opportunity to multiply their fortunes, as the country is expecting growth in the numbers of tourists from all over the world over the upcoming years.
So, now is the best time to buy furnished apartments on short-term lease, affordable hotels, commercial spaces and shops and retail outlets as it would continue to have a high demand and be a safe and great investment.
There are a lot of other reasons to invest in the UAE such as –
• Low Traffic – In the UAE you don’t have to think about any traffic issues. Though the UAE is an advanced country, there’s no traffic in the streets. This makes life really comfortable there.
• Low Fuel Expenses – Fuel expenses in the UAE are really low.
• Free zone Area for Foreigners – Investing in the free zone area is a great opportunity for foreigners. There are no laws implemented when comes to investing in the free zone. You don’t need to be a citizen of the UAE nor do you need a residency visa.
So, if you are searching for a place to invest your money in, I’d suggest that you invest in the UAE.