If you stay in rented accommodation in Dubai, you must spend a good amount of your money on rent. In Dubai, rents are very high that erodes a substantial portion of your income every month. So, why do not consider buying a property instead of staying on rent in the city?
When the thought of buying a property in the city comes into your mind, you might dislike the idea as you could be under the impression that buying a property will call for significant cash outgo.
But, things are a little different. It will be incredibly soothing to your ear when you know that the real estate market in the city has now become quite affordable with the launch of many affordable housing projects. So, you can proceed to purchase your dream house in Dubai.
But, before shortlisting a property, you should consider a few factors that dictate how it is beneficial for you to buy a property in Dubai. Read on for the factors:
The first consideration while choosing a property anywhere is what the neighbourhood is all about. Dubai has been historically a family-friendly city. You will find public parks, supermarkets, leisure spots, nearby shopping malls, and cinemas in every community in Dubai.
There can be no denying that the place where you and your family will live should be high in standard in terms of cleanliness. And when it comes to Dubai, you can rest assured of cleanliness. The administration of the city keeps the streets clean at all times.
Another essential thing to consider is basic infrastructure. As you will also need to raise your family, you need good healthcare, educational and recreational facilities. And with Dubai, you can put all your worries to rest as the city has a high standard of basic infrastructure. You will get the best healthcare service in the city with numerous world-class medical centres, public and private hospitals. For your children’s education, Dubai poses as the perfect city with the best schools, colleges, and campuses of major international universities.
Additionally, Dubai has a world-class public transport system that connects all the major communities through its vast network. Besides, Dubai Metro is a driver-less train service with its network penetrating all the significant areas.
No Property Tax
When you buy a property, you need to pay the corresponding property tax. But, you can do away with the tax payment if you purchase a property in Dubai. It is a remarkable benefit as you need not pay any tax on the property you buy. So, when you leave the city, you can rent it out to retain the property without paying any tax.
There is no point in feeling insecure at any time when you are in Dubai. The city is among the most secure cities in the world. Dubai police are well-known around the globe for its notable ability to maintain strict law and order. And the strictness renders the city immune to outside threats as well.