Situated in the Arabian Gulf, but far away from the Middle East’s political hotspots, Dubai is the business, social, and tourism capital of the Middle East and an international business center. It is a cosmopolitan, multi-ethnic city with business-friendly government policies that allow 100% repatriation of capital and profit.
International investors can invest in 100% freehold properties, rent them out or stay in them, and sell them off whenever they want to, with full repatriation rights. Since about 80% of Dubai workforce is made up of expatriates, many of whom are among the world’s best paid executives, there is tremendous scope for renting out properties to them as individuals or the companies they work for.
Thus, investors in freehold properties are assured of handsome returns on their investment. It is estimated that an annual return of 25% on investment in the first three years of occupation, is a very realistic expectation. Dubai, quite like Hong Kong, has come a long way from being a gateway to bigger neighborhood markets to a vibrant international business center in its own right. A super-efficient city today, Dubai is a politically stable, socially relaxed, highly prosperous and business-friendly city. Its free trade zones are among the biggest and most successful in the world.
Dubai’s superb social and business infrastructure has made it a magnet for global businesses. There’s hardly a Fortune 500 company that is not yet active in Dubai. Global organizations prefer to set up their operations in a free zone because the rules and regulations applicable in free zones are much more liberal than in the normal segment of the economy.