Benefits of Buying Property in UAE from the USA
Owning property in the USA can be seen as a hallmark and many US citizens buy real estate in the USA to seek long-term gains. Undoubtedly, real estate investment in the United States of America is a lucrative choice. However, it requires you to pay huge taxes, reducing the net profit. Furthermore, properties in the USA are expensive and also the pace of appreciation is lower in the United States.
However, real estate investment in the United Arab Emirates offers a number of advantages that you may not enjoy if you buy property in the United States of America. If you are a US citizen and are looking for a suitable investment opportunity then you must explore the UAE’s real estate market along with the local market to obtain maximum returns from your property investment.
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Let’s Explore Why Prioritize The UAE For Real Estate Investment!
The United Arab Emirates is one of the fastest-growing states in the world. It consists of seven emirates that also include Abu Dhabi and the world’s business and tourism hub- Dubai. Over the years, the UAE has surprised the world through its unexpected growth and relentless development. Its cities such as Dubai and Abu Dhabi have become global attractions, fascinating real estate investors, luxury enthusiasts, businessmen, professionals and families.
Strategic Location
The United Arab Emirates is located at a prime location as it serves as a gateway between East and West. It offers seamless access to three continents: Asia, Africa and Europe. Given its significant location and unprecedented development, it is also deemed a prominent country in the Middle East. The UAE’s seaports and airports strengthen its status as a global economic hub and enable investors and travelers to capitalize on its pivotal location.
Off-Plan Properties
Besides ready-to-move-in properties, the United Arab Emirates also offers off-plan real estate investment opportunities. Basically, these are properties that are yet to be constructed or are still in the planning or construction stage. US investors can explore countless off-plan residential and commercial properties for sale across the UAE including Dubai, Abu Dhabi and Ras Al Khaimah.
Feasible & Attractive Payment Plans
The UAE facilitates everyone. No matter what your class or financial position is, if you desire to buy real estate or become a property owner, you can find an investment option based on your specific needs and preferences. Properties in the UAE come with numerous attractive payment plans that are offered to cater to the diverse needs and requirements of investors. From the 1% payment plan to the post-handover payment plan, the UAE offers multiple options.
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An Inside Look At The 1% Payment Plan:
Primarily, it is a feasible real estate financing option. It allows property buyers to pay a fraction of the total amount which is equivalent to 1% of the whole amount on a monthly basis. An investor has to make a small down payment and 1% of the total value of the property each month to become a property owner. Several developers have launched various projects that can be purchased through a 1% payment plan such as Bayz 101, Bayz 102 and Oasiz by Danube Properties, Samana Ocean Pearl and Samana Ibiza at Dubailand.
Tax-Advantages
The UAE is known to be an investment-friendly destination mainly because of the tax benefits that it offers to investors. There is no personal income or property tax in UAE. It means you will be able to keep a substantial portion of your profit without paying a penny to the government. Tax benefits also increase the profit margin of a real estate investor.
High Rental Yields
Many people buy real estate to generate wealth through rental incomes. If you are the one then you should also consider the UAE for your real estate investment because it offers high rental yields. You can generate 7% to even 10% yield from your rental properties in the UAE. Given this, the rental yields in emirates are quite higher compared to other countries such as the USA and the UK.
Safe And Secure Environment
An investor always prioritizes a safe and secure area for investment to obtain maximum gains. The UAE is one of the safest nations in the world. Its secure urban landscape and reliable social system facilitate real estate investments and allow people to invest their hard-earned money and savings without any hesitation, making it a perfect destination for real estate investment.
Sophisticated Lifestyle
This is the modern era. People seek luxuries and convenience. One of the investment parameters is the availability of luxury real estate and high-end offerings. Over the years, the UAE has significantly progressed in this specific domain. Investors can explore countless luxury real estate investment opportunities such as splendid villas, penthouses with eye-catching views, seafront properties, and floating living spaces, offering a futuristic lifestyle.
Top-Notch Amenities
The United Arab Emirates extends high-end facilities and amenities to residents, allowing them to live as per their standards. Amenities include state-of-the-art fitness centers, gymnasiums, swimming pools, spas, family-friendly activities and countless recreational facilities. Along with that, advanced educational and health facilities and numerous dining and shopping facilities fascinate luxury enthusiasts.
Future Growth Prospects
One of the main considerations while choosing the UAE for real estate investment is its future growth prospects. It believes in relentless growth and innovation. The development of sustainable, eco-friendly and innovative real estate is the objective of its emirates. Whether it is Dubai, Sharjah, Abu Dhabi or Ras Al Khaimah, every emirate focuses on sustainable and technology-based development to keep the status of the UAE.
Summing Up:
The citizens of the United States of America can also invest in the United Arab Emirates. As a foreign or US investor, you can also capitalize on the UAE’s thriving real estate sector. Expats or foreign investors can purchase off-plan properties and also take advantage of attractive payment plans like the 1% payment plan or post-handover payment plans. Furthermore, prospects such as tax advantages, high-rental yields, significant capital appreciation and quality lifestyle enhance the captivation of the UAE’s property sector and attract investors from all over the world such as the USA.
Now Buy UAE Property With Confidence!
Kelt and Co Realty is a renowned real estate agency in Dubai. This property company helps locals, expats and foreign investors buy all sorts of residential and commercial real estate. If you desire to buy off-plan, ready-to-move-in, freehold or leasehold property, get assistance from our experts to make a profitable deal and buy your favorite property.
