ALBAWABA – The United Arab Emirates (UAE) is ranked as the top country for real estate investment worldwide over the next five years. Experts stated that the country offers significant economic advantages that attract real estate investors.
Real estate in UAE
The UAE is ranked as the top country for real estate investment, leading a list of six countries; France, Japan, Uruguay, the Bahamas, and Hungary.
Investing in foreign countries requires several key factors, including political stability, economic stability, population growth, tax policies, and legal access to foreign property ownership and long-term residency.
The UAE is known for facilitating real estate investment and offering significant economic advantages for investors.
The UAE offers significant economic advantages that attract real estate investors. (Shutterstock)
Stuart Siegel, Head of New Developments at international real estate agency Engel & Völkers said: “Dubai remains a hot market for buyers from around the world, many international buyers discovered it during the Covid pandemic and continue to flock there.”
According to Siegel, the UAE offers strong political and economic stability, population growth, and investor-friendly tax policies. The country does not impose personal income or property taxes; however, it has a total property transfer tax of just 4%, typically shared between the buyer and seller.
“I lived in the UAE for four years myself, and can attest to just how international Dubai and Abu Dhabi are. The country offers political and economic stability, population growth, and extremely friendly tax policies,” Siegel added.
The UAE is well known for providing various residency options for its residents and investors, including a real estate residency program available to those who purchase properties valued at approximately $545,000 (AED 2 million).
