Is Dubai’s real estate slowing down?
Is Dubai’s real estate slowing down? This is the most common question being asked by to be investors as they are cautious and often distracted by pessimism. Every market thrives on demand and supply. The most common factors which continue to attract buyers are: - Ever increasing rents - Freehold ownership - Low Interest rates, approx 3.98% per annum - Flexible Payment plans, some developers allowing first time home owners to pay 1% monthly during construction and some even offering post hand over payment plans from 2 to 5 years after a tenant moves in - Its quite common to see most home owners owner 2–3 properties, one for their own use and others for investments as in Dubai, ROI (Return on investment) is the highest in the world, reaching up to 10% in some areas - Capital appreciation on an average of 10–12% every year - Zero tax on earnings, whether its from rent or capital appreciation - Stable Government - Zero Income Tax, the only tax residents pay is VAT which is mere...