Is Real Estate a Good Investment in 2019
Before you buy apartment in Dubai or any type of real estate property in the UAE, you should know whether it would be a good idea or not. After all, real estate investments are major and the paramount consideration is high ROI. At this point, you might be wondering if real estate is still a good choice. The quick answer is yes and here are the reasons you need to know. Increased number of Foreign Investments One of the main reasons UAE enjoys a great growth in its real estate sector is foreigners pouring in a big amount of money in the country. The trend is seen to continue for the following decades as UAE offers attractive incentives and tax exemptions, discounts for foreign investors. In 2017, there were more than 23,000 foreigners who completed about 30,000 property transactions. This figure greatly outnumbered Gulf nationals. Not only that, but foreign investors spent approximately Dh56 billion in 2017 buying properties in Dubai. Higher Return on Invest...