If you’ve been paying attention to the global economics of real estate, you might have noticed that people have been pumping serious money into investments in Dubai over the last couple of decades. What was once a small port fishing village has turned into perhaps the hottest city in the world. It’s a tourist destination, a thriving economic hub, and a seriously great market for real estate investment. But what are the driving factors of this healthy real estate scene? In this video, we’re taking a look at some of the many reasons why Dubai is considered one of the best spots in the world for real estate investments. We’ll talk about how they’ve established a firm plan for the next 20 years and beyond, to capitalize on their rapid growth in the past couple of decades. We’ll also talk about how they managed to turn their real estate market around in 2002 by establishing a freehold policy, allowing foreign investment in the city. And then there are current factors, like the fact that the local (and national) government handled COVID incredibly well, which has allowed them to bounce back much quicker than other countries globally. We’ll talk about the excellent tax benefits they offer investors, as well as the easy visa process they have, making it a prime place to set up shop for a new business. And how they’ve instilled regulations to further ensure the safety of real estate investments. Then there are the many factors that drive their impressive tourism industry, and more. So check out this video for a sense of the economics of Dubai Real Estate!
Written by: Tim Blane
Narrated by: Tim Blane
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CHAPTERS:
00:42 A Focus on Future Growth
02:19 Freehold Era
03:28 Excellent Tax Benefits
04:21 Prices
05:39 Tourism
06:45 Friendly visa policies
07:28 Dubai’s Response to COVID
08:32 Improvements in Real Estate Market Regulation
08:59 Potential Drawbacks