Dubai is a popular tourist destination, but what is it actually like to live in Dubai? We have seen a large rise in the number of foreign investors in Dubai in the last few years, for a number of reasons, such as strong return on investment, no property taxes and much more. The city has also seen a significant rise in the number of expats, largely because of the degree of protection that the area provides and the incredible experiences of city life that Dubai offers. If you are considering moving to Dubai or investing in the Dubai Investment Real Estate in the region, we have put together a guide that shows what you can expect before you move to Dubai.
Situated on the Persian Gulf, in the northeast of the United Arab Emirates, Dubai is one of the seven Emirates in the United Arab Emirates. With an urban area of 3885 sq km, Dubai is the second largest emirate with a population of 3.03 million as of 2018 and the city is approximately 35 sq km. However with the addition of the man-made islands, the Waterfront, the Three Palms, the Planet, the Cosmos, Dubai land, as well as the buildings in the desert, it will grow to twice that scale.
Owing to its position in the Northern Desert, Dubai has a tropical desert climate. This means that during the year you will enjoy beautiful sunshine and unbroken blue skies, which is why the town is renowned for its clear white sandy beaches and aqua parks. It is also true that the city gets very hot during the summer, with the temperature often hitting over 40 ° C, but then it typically does not get much below 20 ° C during the winter.
Dubai is well known for its lenient tax policies, with no income taxes or property taxes being levied by the city. In general, the United Arab Emirates is a tax-free country, but the country is now collecting VAT on some items plus revenues in other ways, such as parking fees and similar distinct means.
The city has a world-class transportation system, which is attributed to the city's high-quality distinct means of travel. These include regular taxis, water taxis, buses, subways, trams and even means of air transport, such as a helicopter that has recently become popular. Because of the high quality and modern infrastructure the city is built on this excellent transportation system was made possible. The city is renowned for its enormous highway roads with 12 lanes that make transport much quicker and more effective. The influx of new technology has meant that it is now a very easy way to travel to get a taxi from an app.
In terms of general protection, Dubai is considered one of the safest cities in the world, with a very low crime rate and robust law enforcement. To ensure that crime is held to a minimum, the city has very strict laws and many visitors feel much safer in Dubai than they do in other parts of the globe.
The city has many new clinics and hospitals, usually offering a very good service to these medical centres. You must have good medical insurance, though, or else your bill would be incredibly costly, so we will recommend that anyone travelling or moving to this glamorous city get insurance in advance or only on arrival.
Dubai Investment Real Estate is undeniably one of the largest in the world today, and since the announcement of Expo 2020, the city's property investors have seen a steady rise in returns. Investors interested in the property sector in Dubai are typically keen to invest in Off Plan Properties in Dubai, primarily because the rates are far below the current market price and developers usually have excellent off-plan incentives as well. Moreover, some of the banks offer excellent payment plans that will certainly reduce the pressure on your finances.
There are several locations that one can choose from when it comes to living in Dubai. It is true that when choosing a home, there are many considerations to be made, such as your workplace and the school location of your children. We came up with a list of locations; however that will assist anyone planning to move to Dubai.