Dubai has so much to offer when it comes to property. So, let us help steer you in the right direction
Whether you’re buying or renting, making a property investment is always a big decision. But when it’s done right, it can also be a hugely rewarding one. This is particularly true when investing internationally, if you have assessed the market well and considered the many factors involved in completing transactions abroad.
For those who only want the very best from their new property, there is no better location to invest right now than Dubai. We’re going to take a closer look at why more and more people are choosing Dubai for their rented apartments.
Dubai properties are more popular than ever
Dubai has a reputation for luxury, of course, but you might be surprised to hear that rental prices are extremely competitive when compared to some of the world’s other premium locations. Indeed, recent data has listed Dubai as one of the most affordable cities for property, compared to other major international cultural hubs like New York, Hong Kong, London, Paris and Singapore. And thanks to the completion of a varied array of new developments over recent years, apartments are currently available at a healthy range of price points.
What’s more, the maturation of the Dubai market over the last decade has helped to stabilise prices, offering security to investors and tenants alike. This can be partly attributed to the fact that Dubai has one of the most transparent real estate markets in the MENA region. The new Open Data Law looks to encourage the sharing of non-confidential information between government and non-government entities, creating a very clear and honest property market.
Why Dubai?
The health of the property market is not the only reason why people are flocking to Dubai. This cultural hub also has a great deal more to offer, from great weather to plentiful amenities and incredible attractions.
Dubai is the quintessential holiday hotspot, encompassing the sun-kissed lifestyle that many of us dream of. Of course, the weather is scorching in the summer, but you can also enjoy warm, comfortable temperatures and lots of sunshine all year round.
Another major benefit of living in Dubai is the absence or taxation, which can be appealing to many investors and tenants in the city. This is part of the reason why Dubai is so widely associated with a high standard of living, from dining in the world’s tallest restaurant to driving some of the world’s most luxurious cars. Dubai is also home to a number of world-class golf resorts, water parks and water sports, not to mention outdoor adventures in the desert.
Safety is also a big part of Dubai culture, especially when compared to many of the world’s other major cities. The UAE has a very strict policy on criminal activity, which many acknowledge to be the reason why Dubai’s crime rate is so low. It’s also a highly convenient location, as it is less than six hours’ flying distance from the majority of the world’s most popular destinations.
Apartments to rent, Dubai
When renting property overseas, it is critical to work with an experienced real estate agent with extensive local knowledge and an ability to source apartments that meet your criteria. Take the time to research not only the areas within the city that you would prefer to live but also the reputation of agents who can help you find that perfect apartment.
As one of the leading agents in the Dubai market, Allsopp & Allsopp are the perfect property partner for those taking their first steps into Dubai-based renting. Allsopp & Allsopp bring a familiar UK estate agency model to the UAE, making it easier than ever to find the perfect Dubai property for those who are more familiar with UK renting.
If you are just starting your search for overseas properties to rent, Dubai should certainly be your first port of call. So, what are you waiting for? Get in touch with Allsopp & Allsopp today.