![]() ![]() At present Dubai’s population is growing at a rate of 7% per annum with demand for housing steadily outstripping supply. ![]() But does this make Dubai a wise investment or simply an incredible tax haven with affordable property? In addition, the city’s property portfolio spans an extensive range from studio apartments to private islands, all benefitting from no Capital Gains Tax, no Income Tax on rental and no restriction on repatriation of funds. Progressive and politically stable, with the world’s busiest airport, outstanding tax benefits and exceptional lifestyle, it seems property purchase prices are the only significant area where the UAE’s most populous city continues to trail global competition.Ĭurrent house prices are considerably lower than in London, with comparable prime property in the UK capital costing £5 million as opposed to £700,000 in Dubai. In 2015, NatWest’s International Personal Banking Report placed Dubai third globally in terms of expat quality of life. With the annual Dubai Property Show taking place on May 13th, the Emirates is increasingly becoming an extremely attractive location for property investors.ĭubai is an Alpha+ Global City, ranked by GaWC alongside Paris and Tokyo and relative to London and New York: the world’s only top ranking Alpha++ cities. ![]()
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