Top 5 Reasons for Investment in Dubai Real Estate

Top 5 Reasons for Investment in Dubai Real Estate

Dubai real estate is one of the ideal and most lucrative investment opportunities for all investors. The best aspect is that investors worldwide find the investment viable because of the possible investment condition. And that includes feasible government policies, high-class infrastructure, and of course, a robust economy. All these factors make the investment opportunity more profitable and sustainable. The blog will cover all the vital aspects of investing in Dubai and why it makes the investment opportunity more profitable, and why it is among the top real estate markets. Lastly, continue reading for more updated and relevant insights.

Reasons for a Perfect Investment Opportunity

Several reasons are available for real estate in Dubai investment. However, we have shortlisted the top five to ensure all investors that the investment here will be worth it. Moreover, here are the lucrative specifications.

Tax-Free Investment

The best and one of the most appealing investment reasons in Dubai is the tax-free environment. As discussed, government policies are viable for long-term investment there. Also, it attracts individual investors and companies looking to create a vast and profitable real estate investment. Real estate in Dubai is a feasible investment opportunity because income, property, and capital gains taxes are absent. Hence real estate in Dubai offers the most secure investment opportunity without the liability of taxes or any other monetary burden.

Dubai Real Estate Boom

Dubai properties are booming investment options. Especially after the pandemic, when almost all businesses showed deep losses, real estate works well, and investors and developers have gained massive investment returns. Further, the government policies for real estate in Dubai are another factor in the investors making huge profits. Especially for commercial real estate economics, the Dubai properties have worked marvelously well.

So, investors worldwide seek to make a profitable investment in Dubai, mainly because of its strategic location and viable investment conditions.

Secured & Sustainable Investment

The highly secured Dubai properties offer the best investment reason to all investors. Most importantly, investors from local and foreign countries are willing to invest in an environment with less crime rate and a world-class surveillance system. Nevertheless, stable economic and political conditions are another factor in creating a safe and secure real estate investment in Dubai. The Dubai real estate for sale is becoming the finest and safest investment opportunity for all investors throughout the globe.

Dubai Real Estate for Sale

The Dubai properties are the other factors creating immense facilitation for all the investors. Moreover, if we compare the real estate in Dubai prices with the other famous cities in the world, the prices of Dubai properties are relatively low. And that is the reason high investment rates are often seen here. Also, real estate in Dubai offers a high return on investment, mainly because of the location and high-quality development projects.

The rental market in Dubai properties is another factor attracting more investment rates. The increasing influx of foreigners in Dubai creates more living spaces like commercial settings, villas, and apartments. Further, the city’s real estate economics and finance facilities make Dubai properties booming and a profitable investment opportunity in 2023.

Tourism Industry

Dubai is known for its tourism and hospitality services. Moreover, there are multiple reasons that visitors prefer to come here. The most vital aspect will be that several international conferences and events usually happen in the country. Also, expatriates from around the world visit the city to kickstart living in a better place. All these factors enhance the demand for rental properties and mainly commercial spaces, creating profitable short-term gains.

The city’s tourism industry is also booming because of the high-quality infrastructure availability. Moreover, world-class buildings and apartments are available to facilitate tourists. Also, it positively affects international real estate economics. Further, the most popular and professional developers are Emaar Properties, Dubai Holding, and Nakheel.

Conclusion

Dubai real estate is the most profitable and lucrative asset creation prospect in 2023. Moreover, several reasons make it a more viable option for all global investors. Not only this, there will be feasible government policies available for all investors to create sustainable and profitable opportunities. Further, there will be a high return on investment without property, capital gains, and income taxes. Most importantly, the city’s rental advantages make the investment more lucrative and sustainable.

The Dubai properties are also affordable compared to the country’s other cities. Lastly, asset creation and more relatable investment guidelines can be accessible from Estate Land Marketing. Do contact us for more lucrative investment opportunities.

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New Building Control Wing is approved by CDA

New Building Control Wing is approved by CDA

Islamabad: According to news stories from April 11, the Capital Development Authority (CDA) board approved the creation of the Building Control Wing on Monday. This wing will have qualified staff members and be responsible for enforcing building regulations and halting unauthorized construction in Islamabad.

Read more with EL news: To build apartments in Chaharbagh, RUDA is seeking offers

The development of the authority’s building control capabilities was the main topic of discussion at a meeting of the CDA board, which was conducted under the chairmanship of Captain (retired) Noor ul Amin Mengal. According to the information provided, the new Building Control Wing will have 50 teams, each of which will have an assistant director and two supervisors.

The board also changed the 2002 Building Control By-Laws and Regulations for the Islamabad Capital Territory (ICT), particularly for construction on Murree Road and IJP Road. The allocation of plots for educational institutions on a 33-year lease in Zones 2, 4, and 5 was also agreed at the meeting. For these plots, the Floor Area Ratio (FAR) was also increased. But it was made clear that these educational institutions will serve families from the lower middle class and middle class.

The bus terminal in Sector I-11 will begin receiving development work in two months, and the board also approved this plan. The Project Concept (PC-1) for this project will be brought before the board in two weeks.

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RMC will examine commercial building developers' compliance with authorised designs

RMC will examine commercial building developers’ compliance with authorised designs

According to a news report that appeared in national dailies on April 12, the Rawalpindi Municipal Corporation (RMC) will begin a study of the city’s home and commercial structures to determine whether they were built in accordance with the approved building plan.

According to the specifics, the survey’s primary goal is to streamline the building department because the majority of the city’s multi-story structures were built without receiving civic body approval for their building plans.

Read more with EL news: SECP accepts Pakistan’s first digital lending app and assesses ten others

A senior RMC official stated that the survey, which may take up to three or four months to complete, will begin soon. After the survey is finished, builders and owners who built home and commercial structures without first obtaining approvals will be subject to fines.

The official went on to say that after the survey is finished, the RMC would be able to impose construction codes, fire safety regulations, and other safety precautions that industrialized nations have identified as crucial.

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SECP accepts Pakistan's first digital lending app and assesses ten others

SECP accepts Pakistan’s first digital lending app and assesses ten others

Islamabad: According to a fresh source on April 11, the Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first digital lending app while evaluating 10 others. According to sources, it is a positive step towards ensuring that the digital lending sector functions honestly and openly.

Read more with EL news: Park Enclave’s built areas require CDA officials to transfer ownership

According to the news source, three current digital lenders have provided their cyber security audit reports and certificates from audit firms that have received PTA approval. This demonstrates their dedication to safeguarding client data.

The SECP has implemented many measures to address this issue in light of the rising number of complaints.

SECP published Circular 15 of 2022 in December 2022, which defined the legal framework for NBFCs that engage in digital lending. This circular’s goals were to close regulatory gaps in digital lending, identify them, and ensure that NBFCs adhere to specific standards to safeguard consumers’ interests.

The guidelines also outlined the NBFCs’ responsibilities for resolving customer complaints and protecting the privacy of client data. Additionally, it highlighted specific criteria for mobile application security to protect client data from online dangers.

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Park Enclave's built areas require CDA officials to transfer ownership

Park Enclave’s built areas require CDA officials to transfer ownership

Islamabad: During a recent visit to Park Enclave, Capital Development Authority (CDA) Chairman Captain (rtd) Noor ul Amin Mengal ordered the relevant officials to transfer ownership of plots in phases two and three of the project where development work is complete, according to news reported on April 2.

Read more about EL news: To build apartments in Chaharbagh, RUDA is seeking offers

The engineering department and contractor were instructed to expedite work on Park Enclave Phase 4 and the remaining portions of Phases 2 and 3, according to sources, after the CDA chief paid a thorough visit to Islamabad.

He directed a quick turnaround and restart of development work in Islamabad’s residential sectors during his visit. Mengal provided instructions for improvement after expressing his discontent with the development work standards in Sector I-15.

He also threatened harsh penalties if his directives weren’t carried out.

Additionally, Mengal went to the CDA Nursery and Nilore Residence, both of which are on Park Road close to Chak Shahzad. He also looked at the Nilore Residencia model apartments.

Prime Minister Shehbaz Sharif is said to have instructed the CDA to concentrate on building housing projects for Pakistanis living abroad because they are a significant source of foreign cash for the nation.

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To build apartments in Chaharbagh, RUDA is seeking offers

To build apartments in Chaharbagh, RUDA is seeking offers

According to an advertisement that appeared in national dailies, the Ravi Urban Development Authority (RUDA) has issued an invitation to potential investors/developers – acting individually or as part of a consortium – to submit proposals for the design, development, construction, financing, sale, marketing, operation, and maintenance of the 10-kanal apartment building(s) for the Chaharbagh Project.

Read more about EL news: Plans for commercial structures must be approved by CDA within a month

The advertisement states that parties interested in executing the aforementioned Chaharbagh Project and with demonstrable technical and financial skills should submit their technical and financial proposals using the single-stage, two-envelope technique.
The deadline for submitting an RFP is May 19 at 4 PM, and the deadline for submitting a proposal is May 23 at 4 PM.

The Executive Director Commercial will provide the RFP for a nonrefundable cost of PKR 50,000 in the form of a Pay Order/Demand Draft in the name of RUDA.

Technical bids will be opened in front of the bidders on the same day; however, enterprises who pass the technical evaluation will be contacted to open the financial bids on a date that will be properly announced.

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LDA offers 15 residential and business plots for auction

LDA offers 15 residential and business plots for auction

According to news stories from April 6, the Lahore Development Authority (LDA) held a massive auction at the LDA Community Center in New Garden Town for residential and commercial plots located in various projects throughout Lahore.

Read more about EL news: Sindh’s 313 housing projects have been ruled illegal

The aforementioned auction featured 15 plots located in Johar Town, Mustafa Town, Tajpura, and Jubilee Town and was run under the direction of Assistant DG (Housing) Syed Munawwar Bukhari. There were nine residential plots and six business plots, all of which sold for a total of PKR 257,999,000.

Below are the specifics of these plots:

  • Mustafa Town’s Corner Property No. 204, Block Ahmed Yar (Commercial), sold for PKR 9.15 million.
    Mustafa Town’s Plot No. 204-C, Block Ahmed Yar (Commercial), sold for Rs. 7.97 million.
  • Tajpura’s Plot No. 547 in Block D (Commercial) sold for PKR 6.36 million.
  • Tajpura’s Plot No. 548 in Block D (Residential) sold for PKR 6.35 million.
  • Tajpura’s Plot No. 53 in Block E (Residential) sold for PKR 9 million.
  • Tajpura’s Block E, Corner Plot No. 56, was sold for more than PKR 10 million.
  • PKR 75 million was paid for Corner Plot No. 27-C, Civic Center, Johar Town (Commercial).
  • At PKR 65 million, Tract No. 76, Civic Center, Jubilee Town (Commercial), was sold.
  • For PKR 13.6 million, the Corner Plot No. 539, Block, B Jubilee Town (Residential) was sold.
  • Jubilee Town (Residential) Property No. 121, Block C, for PKR 11.1 million.
  • Jubilee Town (Residential) Tract No. 424, Block D, for PKR 9.29 million.
  • Jubilee Town (Residential) Property No. 446, Block D, for PKR 9.62 million.
  • For PKR 9.3 million, Plot No. 233, Block E, Jubilee Town (Residential) and PKR 8.55 million, Plot No. 31, Block F, Jubilee Town (Residential) were sold.
  • Block C, Jubilee Town (Residential), Corner Property No. 724, PKR 6.95 million
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Plans for commercial structures must be approved by CDA within a month

Plans for commercial structures must be approved by CDA within a month

Islamabad: According to news stories from April 8, the Capital Development Authority (CDA) has agreed to give layout plans for all commercial developments one month to comply with CDA guidelines.

Read more about EL news: Sindh’s 313 housing projects have been ruled illegal

According to a CDA spokesman (whose identity was withheld), all three building control sections have been urged to expedite their work and approve the commercial projects within the allotted one-month period. According to reports, CDA Chairman Noorul Amin Mengal recently noticed the holdup in the construction designs’ clearance and ordered hastening the procedure.

Also, according to sources, while approving projects, the authority makes sure that no commercial project is carried out in a way that endangers the environment.

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Sindh's 313 housing projects have been ruled illegal

Sindh’s 313 housing projects have been ruled illegal

Karachi: According to news stories on April 6, the 313 illegal residential development projects have received notices from the Directorate Town Planning Sindh Master Plan Authority. According to reports, the province has already published the list of such programs.

Read more about EL news: ECNEC approves the Diamer-Bhasha Dam and road infrastructure

These illegal housing plans are situated in 28 districts and 37 tehsils in the province, according to the Directorate Town Planning of Sindh Master Plan Authority. According to the information provided, 20 of these housing developments are situated in the districts of Hyderabad, 74 in Naushahro Feroze, 23, Mirpur Khas, 18, Matiari, 14, Sukkur, 19, Khairpur, 24, Nawabshah, and 11 in Larkana.

Prior to purchasing lots and homes, citizens have been advised by the authority to review the list of unapproved schemes.

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ECNEC approves the Diamer-Bhasha Dam and road infrastructure

ECNEC approves the Diamer-Bhasha Dam and road infrastructure

Islamabad: According to news reported in the top newspaper on April 6, the Executive Committee of the National Economic Council (ECNEC) has approved a Diamer-Bhasha Dam Power Generating facility and several road infrastructure projects.

Finance Minister Ishaq Dar presided over a meeting of the ECNEC. The participants in the meeting discussed and authorised the 4,500 MW Diamer-Bhasha Project Power Generating Facilities, which were priced at PKR 1.236.10 billion, including a PKR 598.19 billion Foreign Currency Component (FEC).
According to the specifics, the project’s goal is to take advantage of the 4,500 MW of cost-effective, sustainable hydropower energy generated by the facilities built as part of the Diamer-Bhasha Dam project. The Water and Power Development will carry out the aforementioned project.

The dualization and rehabilitation of the N-55 segment between Dera Ghazi Khan and Dera Ismail Khan, which was approved by the ECNEC, cost PKR 11.377 billion without FEC. According to specifics, the project include purchasing property for the widening and upgrading of a 329.7-kilometer dual highway with four lanes that runs from Rajanpur to Dera Ismail Khan.

Rebuilding the Turbat-Mand Road from the Sukkur-Larkana-Gwadar motorway (M-8) to the Iranian Border (Radeeq) at a cost of PKR 19.571 billion was also agreed during the meeting. The 115-kilometer-long road from the Gwadar-Ratodero Motorway to Kurumb in Baluchistan will be improved and rebuilt as part of this project.

In addition, ECNEC authorised the PKR 27.638 billion building of the Panjgur-Gichak-Awaran road. A 228-kilometer road will be built as part of the revised project from Panjgur-Gichak-Awaran in southern Balochistan.

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