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It is time for you to buy flats in completed Residential complexes in UAE and you are wondering if it is worth it. Hold on and do not wonder anymore, it is definitely worth it and this article will prove it to you in the explanations below. Kindly stick to the end.
Profitability of Real Estate in the UAE
The first major reason to buy real estate in the UAE is that you will be sure that your money is invested in a safe market. For the Emirati market, it is either you make profit, or you make profit. The market is buoyant to the extent that provided you buy a decent property; you will recoup your capital and a measure of profit. That measure of profit is what may differ for various investors depending on how they handle their business and the various indices of management. Since it has being established that it is a stable, and growing market, your money is not likely to depreciate if invested in the UAE. Furthermore, the minimum profit for the year 2023 is 5% but you can earn more based on your own business model. Read more on the official website Emirates.Estate.
Living in the desert and many dry lands did not stop the Arabians from seeking green technologies and making efforts to safeguard the climate. In fact, in a project called Al Jurf, being built in some parts of the UAE and Dubai, the country is moving to preserve 100 000 trees across the country, and the Muhammad Bin Rashid Solar Park is set to be opened in 2025, it will prevent the emission of carbon (up to 1.6 million tons annually), and preserve the atmosphere more. If you are an environmentalist, you will find peace in Dubai knowing the efforts being put in place to preserve animal, and plant life and to conserve the atmosphere.
Tremendous and Rapid Growth
The UAE is Growing in a near geometric rate. What began as a small country of Arabian settlers, have grown to become a major force in the international terrain, and a trade juggernaut. The country is experiencing growth in nearly all its sectors at the same time. Real estate, tourism, import and export, migration laws, modernism and Islamism at the same time, etc. A vibrant growing economy is a good place to invest your money.
The UAE is an Incredibly Beautiful Country
Another major feature of the UAE that is hardly spoken about enough is the beauty of the country. From the halls of the mosque, to the beautiful malls and open sky marketplaces, down to the terraced street roads, the UAE is a beauty on it own. The country was developed with a quality plan which gives it organization in its cities, and positions all of the essential needs and city centers close to the various residential units. There is also the beam of the colorful designs and the orderly way things are done. The security level is also high, as its state capital, Abu Dhabi is one of the safest places to live in the world.
Neutrality and Openness with Foreigners
Emiratis are from muslim descent and as such majority practice Islam. You can see their beliefs in the way the dress, in their conservative lifestyles, their giving culture, food choices and a lot other things (for example they are mostly covered and fully dressed, they are cautious in public and respectful in conversations, and pork is literally banned in the country). However, the Emiratis are the most liberal moslems you will find in the world. In as much as they demand some respect for Islam and a measure of decency in their public places and obedience to their laws, they are not keen to judge, or crucify/ stone a person for not conforming. The Emiratis have had a long history with foreigners and have learned to adjust over time.
To sum everything up
This is not where it stops there are many other reasons including tourism spots and luxury real estate options to mention a few. The UAE is worth a shot and quite promising for investors.