why is Dubai such an attractive real estate investment destination for Indians? 

The answer is simple; the market in Dubai remains fundamentally strong with recently enhanced transparency, even throughout the ever changing market dynamics.

Indians have been investing billions of rupees in Dubai’s real estate market for years now, resting assured of higher returns, capital appreciation and the prominent status of being a part of the world’s most dynamic city.

When it comes to the advantages of buying a property in Dubai over investing in other markets, it is quite evident that the options and price levels available here are very attractive in comparison with that of other cities. Investors have recognized the growth potential of their investments in Dubai both in capital growth and rental return.

The key advantages offered by the Dubai property markets, you do not have to deal with complicated documentation and provisions related to income tax; as there are no personal or income taxes in Dubai. Quick transaction procedures ensure that international investors get their money as a seller within 10 days (cash) or 45 days in case of a mortgage. With zero percent capital gain taxation and no property tax, the profit margin is much higher, making Dubai real estate a far more rewarding venture compared to other countries.

Lower interest rates, a profitable yearly rental income in the range of seven-ten percent, security, tax-free returns on investments of around 20 percent, a regulated market structure and attractive payment options are the added triggers for driving investments from Indians in huge numbers to the Dubai market.

Off-plan projects are typically cheaper and are usually available on better financial terms, with lower down payments and post-handover payment plans. Additionally, ready-to-move-in projects have the advantage of being available immediately.

Moreover, the Dubai Real Estate Regulatory Authority (RERA) have applied the highest standards of transparency possible to further benefit the market, exercising thorough control on transactions and regulating interactions between investors and real estate agents. The sheer professionalism and transparency in the Dubai real estate market encourages and instills confidence to curious investors in the emirate. The government-regulated Escrow account ensures security of the investment plus peace of mind for the buyers.

The Dubai Government has consistently and proactively invested in building its infrastructure to support its diversified economy. The fundamentals of the market are strongly aligned with the tourism sector, the air travel network and investment in local infrastructure. Dubai’s cosmopolitan lifestyle, making it a magnet for international tourists and residents. From multi-cuisine restaurants to world class shopping malls alongside a vibrant nightlife and entertainment scene, Dubai has become a home away from home for globe-trotting investors.

This is the ideal time for Indian investors to buy residential property in a market that has strong growth potential over the next five years. Buyers looking for long-term gains will do well as Dubai is a safe and established global business centre in the region. Large-scale developments have turned Dubai into one of the fastest growing cities in the world.

 

 

15 reasons why should invest in Greece

15 Reasons to Invest in Greece:

•Greece is a Member of the Schengen Area

•Low Cost Access to a European Golden-Visa

•Unique Investment Opportunity

•The Mediterranean Climate

•The Strategic Location

•A Long Tradition of Hospitality towards Immigrants

•No minimum Stay Requirement

•Access to Higher Education

•Greek gastronomy

•Beautiful Natural Environment

•The Birthplace of Western Civilization

•A Destination for Everyone

•Economy Rebound

•Health Services

•Safety

1. Greece is a Member of the Schengen Area:

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The Schengen Area consists of 26 European countries, not including Cyprus and the UK. Holders of the Greek residency permit enjoy the same travel privileges with a Greek citizen in the Schengen Area. This means they can:

•Travel directly from their country of origin to any Schengen country

•Travel freely within the Schengen zone without lengthy customs’ checks

•Reside to any other Schengen country up to a period of three months every six month period with the right of multiple entries

* Schengen Area countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.

2. Low Cost Access to a European Golden-Visa:

Many European countries have recently offered non EU-citizens access to Europe through Golden Visas. Greece is one of the most economically reasonable solutions and the cheapest in the Mediterranean area. Countries such as Portugal, where the minimum property value must be 500,000 Euros, and Cyprus, where the minimum property value must be 300,000 Euros, are considered very expensive compared to Greece where the similar requirement is only 250,000 Euros.

Note that other popular real estate investment markets, such as the US, now experience a rise in prices driving most investors away.

3. Unique Investment Opportunity:

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The economic crisis apart from hardships, offers advantages. Non EU – citizens have the chance to invest in Greece today that the real estate prices are at their lowest.

According to the Bank of Greece Monetary Policy report for the first quarter of 2013, from the beginning of the crisis in 2008, house prices have dropped by 29,4%. Combined with the recent tax reduction from 10% to 3% for property transfers, Greece is a unique opportunity for investors.

4. The Mediterranean Climate:

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What more could anyone ask for than 300 days of sunshine a year! Greece is renowned for its dry summer climate, combining hot days with breezy nights. Greek summer can last well from May to September allowing one to enjoy the sea and the sun to the fullest.

The Mediterranean climate of Greece has four distinct seasons. Autumn and spring also offer lots of sunshine and relatively mild temperatures in the area of 10-25 C, while the short and temperate winters offer the pleasure of beautiful snowed landscapes in the mountainous areas.

5. The Strategic Location:

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Greece is strategically located at the crossroads of Europe, Asia and Africa.

This allows one to reach within 1 hour via airplane any of these continents and in 3 hours max to be in any part of Europe.

In addition, several budget airlines like Easy Jet and Ryannair operate from the main airports of Greece travelling to most European capitals at low cost.

6. A Long Tradition of Hospitality towards Immigrants:

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Due to its unique position and its long tradition in tourism, Greece is renowned for its hospitality towards immigrants. In Greece, one can find gastronomical and other traditions of various cultures, without any compromise to matters of safety. The fact that a large portion of the population speaks English makes communication very easy.

7. No minimum Stay Requirement:

While in countries like Portugal, applicants for the residency permit are asked to also reside in the country for a minimum of 7 days in the first year, and 14 days in the next two- year period, in Greece there is no such requirement. So the holders of the Greek residency permit are not burdened with annual travel expenses in order to retain their rights.

8. Access to Higher Education:

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Higher Education in Greece is both public and private. Although the entrance exams to the public higher education system can be tough, the education itself is free of cost.

On the other hand, private colleges and universities do not require entrance exams and their fees can vary. They also often offer specifically designed programs for international students. Needless to say that holders of the Greek residency permit enjoy the same rights to higher education as the Greek citizens.

9. Greek gastronomy:

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Greek diet is based on healthy olive oil, tasty feta cheese, the world famous Greek yogurt, fresh green salads, meat, poultry and good wine. Here one can also enjoy a unique variety of fruits like figs, cherries and melons, an abundance of fresh fish, especially in the islands and the coastal areas.

Due to its richness and diversity, Greek diet is considered one of the healthiest in the world and is linked to the reduction of cardiovascular diseases and thus, longevity.

10. Beautiful Natural Environment:

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Greece is synonymous to natural beauty. Crystal clear blue waters, small picturesque islands, white sandy beaches, hills with pine trees and olive groves, are only some of the things one will see in Greece.

While the cities are modern, one can also visit traditional villages with stone houses in mainland Greece and beautiful white-blue houses in the islands. Greece has something to offer for every taste and is waiting for you to discover it.

11. The Birthplace of Western Civilization:

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Greece is considered the birthplace of western civilization, having contributed the bases for Mathematics, Physics, Literature and other sciences.

Residing in Greece offers the unique opportunity to discover its well preserved monuments and ancient sites that are spread throughout the country. From Ancient Olympia, where the first Olympic Games were held, to Parthenon and the Agora of Athens, where Democracy was born, to Mycenae and Crete, the presence of ancient Greek civilization is astonishing.

12. A Destination for Everyone:

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As one of the most popular tourist destinations worldwide- about 16,5 million tourists visit Greece every year- the country has something to offer to all types of lifestyle. From its calm, secluded beaches and villages, where one can retire and relax, to its buzzing modern cities, Greece is the place for you.

Whether you are adventurous and you like sports and camping, or you are fascinated with history and art, you can find everything in Greece.

13. Economy Rebound:

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The ongoing world economic crisis which erupted in 2008 has not left Greece untouched, although signs of recovery are already present.

With the support of the IMF, the European Commission and the European Central Bank the budget deficit has been steadily declining and is becoming viable being kept below 3% of the GDP. This enables the country to enter a stable period of economic growth.

14. Health Services:

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Greece is known for its excellent health care system.

In 2000, when the World Health Organization ranked the health systems of its 191 members, Greece earned 14th place, well above countries like Germany, UK and Cyprus.

15. Safety:

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In Greece, anyone can roam the streets without fear even well into the night.

Especially in big cities like Athens and Salonika, the mild climate invites people to stay outdoors until the early morning hours, giving the cities a lively character 24 hours a day.