Invest in International Real Estate Today – with BCA Properties
Invest in International Real Estate today with BCA Properties and diversify your property investment portfolio beyond borders. If you’re looking to invest beyond borders, Dubai offers some of the best returns on investment (RoI) for your real estate investments. Dubai is a top destination for all sorts of travellers – business, leisure, holiday makers, this is a city that has it all. Home to over 200 nationalities and easily accessible from just about anywhere in the world, Dubai boasts pristine beaches, rich Arabian heritage and five-star luxury living. High-end shopping, dining and entertainment are complemented by year-round sunshine and a safe family-friendly environment. In addition, with such ease of doing business, a stable economy and tax-free status (5% VAT since January 2018), it’s no wonder Dubai is one of the world’s favourite destinations.
Here are some quick facts about Dubai and why you should be keen on diversifying and expanding your real estate portfolio to Dubai regardless of which country you live in;
Post COVID-19 Outlook
Dubai beat the COVID-19 odds and posted continued project complete for the property market and is set to quickly recover from the effects suffered from the pandemic quicker than expected initially. According to The Khaleej Times, “The spillover effect from 2019 has resulted in a higher completion rate of property projects in Dubai this year, with over 20,000 units having been completed in the first four months of 2020 despite a slowdown in new project launches.”
It is the world’s longest driver-less metro network and spans 74.694 kilometres across the Red and Green lines.
Dubai International Airport is one of the busiest airports in the world for passenger traffic.
Al Maktoum International Airport is undergoing an AED 117.54 billion expansion program by the end of Q1 2022 it will be the world’s biggest airport with a capacity of 240 million passengers per year. (Source: dubaiairports.ae)
In February 2016, Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, announced the inauguration of the Minister of Happiness for Dubai, a government role that would channel policies and plans to achieve a happier society.
The Dubai Land Department (DLD) revealed the annual results of the Dubai real estate market for 2019, with the total real estate transactions exceeding a 33% growth record in a 12 month period.
Highly liquid property market
Logistically, it’s very easy and relatively inexpensive to invest in property in Dubai, whilst the following points ensure the property market remains highly liquid:
- Some of the highest rental yields in the world
- Strong capital appreciation
- Readily-available financing options
- Zero tax, except 5% VAT since January 2018*, on commercial units.
Ease of business set up
Free Zones give companies 100% foreign ownership; exemption from all import duties; 100% repatriation of capital and profits; and freedom from corporate taxation.
Safe and very sound
UAE is the second safest place in the world in which to live, just behind Finland.
Open and free system
Open economic policies, minimal government control and private sector regulation have played an instrumental role in attracting Foreign Direct Investment (FDI).
Dubai’s vision to invest heavily in its transport, telecommunications and industrial infrastructure also make it an attractive destination for international businesses
The UAE dirham being pegged to the long-established and globally recognized US dollar means the value of the currency has enjoyed balance and growth, as well as stability to the import and export trade.
Dubai sits at the crossroads of Europe, Asia and Africa.
For further information on how we can assist and guide you in making a property investment abroad, feel free to contact us and we will be glad to help.