2020 and 2021 have been full of surprises as the COVID pandemic dramatically affected businesses across all industries. On the real estate front, the scene indeed witnessed a major upheaval. This stands particularly true to Dubai, a city full of surprises, where promises inspire growth and the hope for a sustainable development. This blog discusses 5 reasons to invest in Dubai’s real estate market post-Covid.
Since March 2020, it has been clearly established that social distancing and even lockdowns are the new way to operate. Dubai-based institutions had to adapt their schedules and systems to be in line with the curve during COVID. Aiming to be available 24/7, Businesses and brands embrace digital channels and display updated profiles on online platforms.
Dubai was able to accommodate modernity like very few cities do. Dubai offers the widest possible array of activities and things to do from within your living quarters. Modernity makes everything available offline and online, giving way to flexible lifestyles that can be easily adapted to the lockdown. Thus, living in Dubai keeps uncertainty at bay and one will feel safe in the post-COVID times.
Not only is Dubai a hub of customer-centric services, resources and amenities, the city is most importantly safe. Crimes are at an all-time low due to the multiple laws, measures and their implementation in all of Dubai. Among the safest neighborhoods are Jumeirah Village Circle, Dubai Marina, Mirdif and Al Garhoud, Jumeirah Lakes Towers (JLT), Emirates Hills and Business Bay. Therefore, Dubai houses a community of individuals who can thrive due to the security and safety of the city.
It is easy to find beautiful apartments, townhouses and free-standing villas that offer plenty of space and excellent amenities in JVC, MBR, Victory Heights, Motor City and Arabian Ranches. It is a relaxing to walk along Marina, bike in Jumeirah Village Circle, and catch the sunset in the park.
That being said, there is a lot more to Dubai than inner city neighborhoods. For example, Palm Jumeirah is the place to be for beach lovers. The diversity of indoor and outdoor recreational activities, availability of transportation, and plethora of businesses is perfect for all residents.
Dubai is a celebration of art and creativity. Dubai Design District has become the center of the biggest events in the fashion and entertainment industry in the region. It pioneered the careers of influencers, artists and entrepreneurs alike. However, Dubai’s creativity is not limited to fashion and entertainment, as many other sectors are currently witnessing massive waves of innovation sponsored by the local authorities, including technology, media and even government services. Dubai is the first city in the Middle East to be selected as part of the UNESCO’s Creative Cities Network.
All of the above make for a host of favorable reasons to not only live in Dubai, but also invest in Dubai’s flourishing real estate market, which is full of good opportunities that carry direct and indirect returns. Simply put, the income from this investment is tax-free and the best part is that the mortgage registration fees are low. Dubai is irrefutably a winner in the sense that it is quintessentially safe, eventful and forward-thinking, especially in a post-Covid era.
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