Dubai has emerged as both a top tourist attraction and a fast-growing economy in the world. Every year, the opportunities to make a fine living and work are increasing at a significant rate. As a result, the real estate market in Dubai is experiencing steady demand.
Dubai also has lots of freehold areas where non-GCC residents can purchase and own properties. Once you have purchased a property in a freehold area, you are free to live on, lease, or sell the property. This essentially allows you to choose from a broad range of properties.
Among the different types of properties, villas have become the sought-after ones as many families prefer to live in more spacious properties after the pandemic. However, owning a bigger home is not the only reason that increases the demand for villas for sale in Dubai. There are other important reasons as well.
Here are the top six reasons to invest in a villa in Dubai.
1. You Will Get to Enjoy an Excellent Lifestyle
Because of its top-notch infrastructure and excellent quality of life, countless people consider Dubai one of the finest places to live in. From innovative recreational facilities and exceptional connectivity to efficient public governance and tranquil locations, the city has everything to help you enjoy a healthy lifestyle. In fact, this is one of the key reasons a large number of celebrities from different parts of the globe flock to Dubai.
2. You Will Enjoy Top-Class Amenities
The majority of the villas for sale in Dubai come with top-class facilities and amenities in the community. These often include a swimming pool, a fitness center, and parks where your kids can play and you do not need to worry about their security or whereabouts. Some high-end villas in Dubai also come with a private pool. This gives you a perfect opportunity for sunbathing or inviting family members or friends without minding others.
3. You Will Get Maximum Freedom
The majority of apartments come with a fixed set of rules and regulations that owners and tenants need to follow. However, when you buy a villa in Dubai, you may be able to renovate and design it as per your requirements and preferences after obtaining the necessary approvals from the developer. When you own a villa in Dubai, you can live the way you want.
4. You Will Have Complete Privacy
One of the key advantages of living in a spacious villa is the utmost privacy it offers. A villa provides you with space away from your neighbors, without any shared wall. Generally, you will get a good amount of personal space. So, you do not need to worry if you are playing a little loud music or your kid is crying at night.
5. Villas in Dubai Experience Steady Increase in Price
Every year, the Dubai real estate market is getting more expensive. Therefore, the sooner you purchase a villa, the more you should be able to benefit from it. The property that you buy will most likely have a significantly high resale value after a few years. Even if you rent out the property, you should get a substantial percentage of its cost back each year. Villas in Dubai, in particular, typically yield much higher rental returns compared to other types of properties. One of the key reasons behind this is that the demand for villas is generally significantly higher than their availability in Dubai.
6. Dubai Has an Appealing Tax-Free Structure
Dubai has successfully maintained a leading spot in the world for attracting FDI (foreign direct investment) mainly because of its minimal restrictions on revenue repatriation and attractive tax-free structures. The Dubai real estate market is less expensive compared to many other markets around the world.
The market is free from capital gains or income taxes. Additionally, foreign investors do not need to pay any kind of capital gains tax. As a property buyer, you will only need to pay one-time registration and property transaction fees. You will also not need to pay recurring taxes. This basically means you will not need to worry about paying any type of ongoing taxes. This makes investing in a villa in Dubai more affordable for investors compared to many other prominent cities.
Hopefully, this post has proved to be useful and provided you with enough inspiration for purchasing a villa in Dubai. If you want to learn more about top-notch villas for sale in Dubai, you can contact fäm Properties. The company is one of the highly regarded real estate brokers in Dubai, managing a broad range of villas across the city.
fäm Properties has a team of experts who have years of industry experience and a robust understanding of the Dubai real estate market. Having such an expert team by your side will surely help you get a great deal.