The UAE took the first place in the global real estate index

The rapidly growing demand for alternative residence and citizenship options due to the uncertainty caused by COVID-19 has led to the creation of an index of the best countries for investment migration. The UAE took the first place in the rating, receiving 82 points due to the potential rental income and low cost per square meter. And it seems that wealthy buyers from Russia, India, Switzerland and Monaco agree with the leading position of the Emirates, as for two years in a row they have been experiencing increased interest in premium real estate in Dubai (they use special attention to houses for sale in Akoya Oxygen and other promising areas of the city).

Why the UAE took the first place

The index of the best countries for investment migration takes into account more than 30 parameters for evaluating and comparing various markets: reputation and quality of life, GDP, minimum amount of investment in real estate, potential rental income, residence requirements, any restrictions and the possibility of resale, as well as crypto-friendliness, which is becoming increasingly important among global investors.

The growing number of foreign citizens wishing to purchase Emirati real estate is due to the leading positions in all the factors listed above. The main advantages of the country are the following:

• safe living environment;

• attractive employment conditions;

• strong economy;

• prospects in such progressive industries as renewable energy.

More recently, government initiatives have been introduced to improve living conditions and support citizenship programs through investment, including expanded tax benefits when buying real estate.

Why the first place in the index is the merit of Dubai

Even amid the pandemic, global investors continued to acquire assets in UAE locations that have long-term value and benefit from low interest rates. One of these places is Dubai. The geopolitical problems faced by European countries increase the demand for local real estate due to the first-class infrastructure of the city and political stability.

Investments in residential and commercial properties in Dubai are considered an inflation hedge, as well as a currency hedge. Given that such assets have historically provided stability in the face of global economic and market downturn, local real estate is a tool for risk diversification.

Our assistance in buying real estate in the UAE

To get the maximum return on investment in Emirati real estate, contact the specialists of Ax Capital. Agency clients can count on the following items:

• advice from the best experts of the UAE market;

• help with choosing the optimal property option;

• support at all stages of the transaction;

• quality after-sales service.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes