10 Reasons Why Indians Prefer To Invest In Dubai’s Realty

From shopping to spending you holidays, luxury hotels to investing in realty, Dubai has always attracted everyone’s attention for some reason or the other and Indians are no exception. According to a leading property portal, Indians accounted for more than 60% of the hits on its online site for buying property here in the month of May 2016.

So what is it exactly about Dubai’s realty landscape that attracts Indians in droves? We look at the 10 main reasons that could explain why Indian investors prefer to invest their monies in Dubai’s property market.  

1.It’s a hassle-free process
Unlike many other countries buying property in Dubai is pretty a much straight-forward process of selecting the property and buying it from the owner. There are no cumbersome visa processes, lengthy paperwork or special permits needed. What’s more, buy a property with a price tag in excess of AED 500,000 and you get a residence visa too, which allows you to stay in Dubai for as long as you wish. 

  
2.Great bargains for investors
While many buyers are finding Indian cities like Mumbai and Delhi increasingly unaffordable due to high realty prices, Dubai is relatively cheaper. To put matters in perspective for USD 1mn you can buy a meager 96 sq mts of land in Mumbai, but the same amount can buy you 145 sq mts of realty in Dubai, which makes a lot more sense given its rising clout as a global commercial hub.


3.Better returns
With its current rental yields pegged at well over 7% - which are among the highest in the world - it makes perfect sense for Indian investors to invest in Dubai’s property market and book higher profits.


4.Faster capital appreciation
By virtue of being one of the fastest economies in the world with a huge influx of tourists and visitors every year, there is a growing demand for prime properties across Dubai. This translates into faster capital appreciation for property investors from India with the assurance of higher returns in the future.

5.Tax-free living
Regardless of the realty returns you may earn in India, taxes account for a large chunk of your income.  On the other hand, the luxurious lifestyle of Dubai is also enhanced by tax-free living. So even as the returns on realty are higher in Dubai, the zero-tax structure is like the proverbial cherry on the cake, from an investment perspective. 


6.Secure environment
Nothing gets the attention of global investors more than the opportunity to invest their money in a safe and secure environment like Dubai. With its safe haven status and business-friendly policies, it is the ideal destination for Indian investors to park their funds without having to worry about their safety.
    
7.Hub for Tourism
As one of the leading tourist and shopping destinations of the world, Dubai attracts millions of tourists from every part of the globe to its many wonders. Gauging the potential of its many tourist attractions that include its super high skyscrapers, massive shopping malls, super-deluxe luxury hotels, magnificent manmade islands and a vibrant night-life, global investors including many Indian investors have invested in Dubai’s  entertainment and hospitality domains.

8.Dubai Expo 2020
Expected to attract a whooping 30 mn tourists through its six-month duration, the forthcoming Expo 2020 has also opened a treasure trove of new business opportunities across all domains from construction to hospitality, architecture to fine dining. This in turn, has made it the perfect time for Indian investors to invest in Dubai to reap the rewards once the Expo gets underway.

9.It’s close to India
From a purely Indian perspective, one of Dubai’s biggest advantages besides its monetary benefits and secure environment is its proximity to India – just a 2 hour flight away from Mumbai. Indians have been quick to leverage this easy accessibility that allows them to manage their overseas investments without straying too far away from their home base. 

10.Huge Indian population
Last but not the least is the positive impact caused by the massive Indian presence in Dubai. With its image of being a home away from home and sans the culture shock usually expected in foreign destinations, Indian investors are quite at ease investing in Dubai. For them it’s just like buying property in say Mumbai or Delhi, only a lot easier and lot more profitable.