Mukesh Ambani, Shah Rukh Khan, Salman Khan owns luxury house in Dubai, why is Dubai becoming favorite destination of celebrities?
Dubai has emerged as a favorite destination for Indians investing in foreign property. The city is not only home to Bollywood stars like Shah Rukh Khan and Salman Khan, but also to prominent businessmen like Mukesh Ambani. With multiple benefits such as zero taxes and world-class infrastructure, Dubai offers unique opportunities that make it an attractive choice for property buyers.
Why Dubai Best For Real Estate Investment
Indians Leading Property Investments
A report titled ‘Dubai Unlocked’ revealed that from 2020 to 2022, Indians topped the list of foreign investors purchasing property in Dubai. Bollywood celebrities, leading business figures, and even entrepreneurs like Dolly Chaiwala have set up offices or purchased properties in the city.
Indians have consistently increased their property investments in Dubai over the years. Post the construction of Burj Khalifa in 2010, interest in Dubai real estate skyrocketed.
Rapid Rise in Indian Presence
At one time, London was the most preferred city for Indian investments. However, Dubai has now replaced it due to its strategic advantages. Between 2013 and 2023, the number of Indians settling in Dubai surged by 85%, indicating a major shift in preference.
Why is Dubai a Favorite Destination?
World-Class Infrastructure: Dubai is known for its stunning skyline, including the world’s tallest building, Burj Khalifa, and the world’s largest shopping mall.
Luxury Lifestyle: The city’s glamour, safety, and high living standards have made it a global hub for luxury living.
Business Opportunities: Dubai hosts headquarters of major global companies, offering immense opportunities for entrepreneurship and commerce.
Zero Tax Benefits: One of the biggest advantages of investing in Dubai is its tax-free environment:
Other benefits are there like, no income tax on earnings, no capital gains tax on selling properties and there are no taxes on rental income.
Golden Visa: A significant factor driving property investments in Dubai is the opportunity to secure a Golden Visa. This long-term visa allows investors and their families to stay in Dubai for 5 to 10 years, with the option to easily renew it.
Benefits of the Golden Visa:
Freedom to travel in and out of the UAE without restrictions. The ability to run businesses in Dubai with the freedom to hire employees. Families of Golden Visa holders can also reside in the UAE without any hassle.
Superior Infrastructure
Dubai offers exceptional infrastructure, from its world-class transport systems to advanced healthcare facilities. The city outshines many global cities in terms of quality of life and business environment.
Dubai’s tax-free regime, luxurious lifestyle, and the opportunity to secure a Golden Visa have made it a top choice for Indians looking to invest in property abroad.