In the ever-evolving world of global investment, the spotlight is shining brightly on Dubai’s flourishing real estate market. Sri Lankan investors, both seasoned and first-timers, are poised to embark on an exciting journey as a groundbreaking property show unveils the potential of overseas real estate investments, particularly in the bustling city of Dubai. This article serves as a comprehensive guide, unravelling the untapped opportunities for Sri Lankan investors and delving into the myriad reasons why Dubai has become an international real estate hotspot.
Dubai, a city that seemingly rises from the sands to touch the sky, has catapulted its real estate market to unprecedented heights. With transactions exceeding USD 1.5 billion worth of sales per month, Dubai has cemented its status as a global hub for property investors. The allure of Dubai lies in its dynamic economy, futuristic architectural marvels, and lifestyle that redefines luxury. As the city evolves, so does its real estate landscape, offering investors a canvas of opportunities.
Despite Sri Lankans having a history of overseas real estate investments in countries like Australia, Canada, and the UK, Dubai remains a relatively undiscovered gem. Limited awareness and a scarcity of trusted partners have been the stumbling blocks preventing Sri Lankan investors from delving into Dubai’s real estate market. The upcoming property show aims to dismantle these barriers, providing a platform for investors to connect with top developers, explore a myriad of properties, and navigate the intricacies of overseas investments.
Investing in Dubai unlocks financial incentives for Sri Lankan investors. The promise of passive income through rental yields ranging from 6-7% stands as a testament to the city’s robust real estate market. In stark contrast, Sri Lanka’s real estate market offers yields between 1-3%, making Dubai an enticing prospect for those seeking to maximize their returns. The favourable AED to LKR conversion rate, currently at 91 LKR per AED, further amplifies the financial advantages, offering stability in the face of global political uncertainties.
Why Invest in Dubai?
- High Rental Yields: Dubai’s real estate market boasts impressive rental yields, averaging between 6-7% annually, providing investors with a consistent and lucrative income stream.
- Residency Benefits: A golden visa with a remarkable 10-year validity awaits investors committing a minimum of 2 million AED. Additionally, a 2-year investor visa is available for those with a 750,000 AED investment.
- Global Business Hub: Dubai’s reputation as a global business hub positions it as an ideal location for investors. The city’s robust infrastructure and business-friendly environment have earned it the top spot globally.
- Quality of Life: Dubai offers a quality of life free from cultural biases, allowing investors and expats to lead lives aligned with their aspirations. The multicultural environment has attracted over 200 nationalities to make Dubai their home.
- Safety and Security: Rated as the safest city on earth, Dubai boasts low crime rates and upholds strong moral values, ensuring a secure environment for residents and investors alike.
Your journey into real estate begins with a visit to the Dubai Property Expo on the 13th and 14th of January at the Cinnamon Grand Hotel, Colombo. This expo is your gateway to discovering the boundless opportunities Dubai’s real estate has to offer. Partnering with Icon Real Estate, with their 17 years of expertise, ensures a seamless journey from paperwork to purchasing, rental, property management, and even resale. Trust in their experience as you step into real estate possibilities, making your investment journey rewarding and worry-free.
Visit the event on 13th and 14th of January 2024 at Cinnamon Grand Colombo.
Scan the QR code for event registration.
