Why makes Dubai a favourite second home destination

Dubai attracts expats and investors to its shores for work, business, tourism and even a second home. Here is why Dubai is an enticing choice for several expats and, most importantly, the factors that contribute to its overt charm.

The city offers a lavish lifestyle, safety, security, and a tax-free environment, making it an attractive proposition for those looking for a place to call home away from home.

Factors that make Dubai your second home Investment destination

Here are some of the factors that make Dubai a favourite second home destination:

1. A Growing Economy: Dubai has one of the fastest-growing economies in the world. This provides stability and growth potential for second home buyers looking to invest in the city.

2. An Attractive Lifestyle: Dubai offers an attractive lifestyle that is hard to match. From its beautiful beaches and luxury hotels to its exciting nightlife and world-class shopping, there is something for everyone in Dubai.

3. Safety and Security: Dubai is considered one of the safest cities in the world, making it a suitable destination for those looking for a safe and secure place to call home. 

4. A Tax-Free Environment: No income tax on salaries or wages in Dubai makes it an ideal place for investing in new projects in Dubai.

A New City that Connects the World

Dubai has long been touted as a favourite second home destination worldwide. And it’s not hard to see why – this vibrant, cosmopolitan city has something to offer everyone. Whether you’re looking for luxurious resorts, world-class shopping, or endless entertainment, Dubai has it all.

But what makes Dubai unique is its ability to connect people from all corners of the globe. In a city where people from over 200 different nationalities live and work together, you’re sure to make friends from all walks of life. And with direct flights to almost anywhere in the world, it’s easy to stay connected to your home country.

If you’re looking for an exciting place to live or work in, a place to call home, or just someplace to escape the cold winters, an apartment for sale in Dubai should be at the top of your list.

Successful Handling of the Pandemic

Thanks to the way the authorities handled the pandemic, the city has become a favourite second home destination. The city is now seen as a haven, where life can go on as usual despite the pandemic. This has resulted in a boom in the real estate market, with many people looking to buy apartments for sale in Downtown Dubai as their second home.

100% Ownership and Golden Visa Programs

Dubai is a city that has something for everyone. It’s a modern and cosmopolitan city, yet it has a solid connection to its traditional roots. The city offers an appealing mix of modern amenities and traditional culture while incredibly welcoming to foreigners.

A significant reason why people choose to buy second homes in Dubai is the city’s Golden Visa program. Read more about the program here – Dubai’s New Investor Visa Rules – Everything You Need to Know. This program offers residency visas to investors who purchase property worth more than AED two million in Dubai. An excellent option for people who want to spend more time in the city but don’t want to deal with the hassle of applying for a traditional visa.

Another reason why Dubai is such a popular second home destination is because of the city’s ownership laws. Foreigners can own property in areas marked as freehold. There are no restrictions on how much property you can own, and you don’t have to go through a lengthy process to get approval.

High Standards of Living

There’s something for everyone in Dubai, from luxury apartments to spacious villas. The city offers its residents high living standards, world-class amenities and unparalleled infrastructure. And with year-round sunshine and a fantastic array of leisure activities like diving, skiing, snowboarding, biking, golfing, desert activities and water sports, you are always left wondering what to do next throughout the year.

Top-Class Infrastructure

A testament to the rapid infrastructural development happening in Dubai is the fact that in the last 30 years, Dubai has built over 210 skyscrapers. The city is also the tallest building in the world, the largest mall in the world, the largest suspended aquarium, the biggest picture frame, world’s first 7-star hotel, and the largest artificial island in the world.

All these advancements have taken place in the last 35 years. Pair this rapid growth spurt with the economic opportunities available in the city, and you have a reason to own a 2 bedroom apartment in Dubai.

Conclusion

All in all, many factors make Dubai a favoured second home destination for people worldwide. Whether you are looking for a place to retire in one of the apartments facing Burj Khalifa, or you wish to purchase a second home in an exciting and modern city, Dubai should definitely be at the top of your list. The city offers something for everyone, and its cosmopolitan atmosphere is perfect for those who want to experience a new culture.

Shapoorji Pallonji is one of the most renowned property developers in Dubai, and our new project Imperial Avenue overlooking Burj Khalifa is the perfect destination for you to invest in.

FAQs

1.    Why is Dubai considered ideal real estate investment destination?

International buyers are tempted to buy real estate in Dubai because of the tax exemptions and dynamism. Compared to the rest of the world, the tax rates are significantly cheaper and, in some instances, exempted (i.e. income tax), which makes the world view Dubai as the best place to buy a property.

2.    What makes the UAE unique?

The United Arab Emirates stands unparalleled worldwide thanks to the incredibly high numbers of expats that have moved or invested in the country’s growth. Dubai is one of the world’s most vibrant and diverse cities and is often referred to as an international city that is lively and amusing to live or visit.

3.    Why is the UAE a popular tourist destination?

A tolerant population from different walks of life, with diverse opinions and beliefs paired with a range of events and activities and the architectural marvels of the world, make UAE a popular tourist destination for the world. Dubai has everything for everyone.