Is It Worth Buying a Property for Living in Dubai?

Dubai is well known for being a symbol of modernity and luxury, therefore it has always been way up there as long as they want a home to invest on. But is a property a good investment to live in Dubai?
Growth Economic and Residential
Strong economic growth backs Dubai’s real estate market, which saw GDP is likely to grow by around 3.5% in 2024. A positive signal for property investments is this steady economic expansion. Residential property prices in Dubai have grown by around five percent per annum in recent years, which renders it an investment.
Expats friendly policies and Government Initiatives
The UAE government has made numerous efforts to lure foreign residents, including long-term visa applications for property buyers. Because so many of the city's population are expatriates, more people have been drawn to buying property in Dubai. Especially of interest to wealth owners is the opportunity to grant a golden visa that is valid for 10 years, provided that the property is more than AED 2 million.
High Standard of Living
Dubai provides a good standard of life with world class healthcare, education, shopping & entertainment. In addition, the city boasts a safety, cleanliness and multicultural environment as a residential destination.
Return on Investment
Dubai’s average rental yield is 6-7%, way above international averages. This prospect of making money through rental income makes purchasing property here not just a lifestyle thing but an investment as well.
Conclusion
With robust economic indicators, expat-friendly policies, and high standards of living, buying the best property to buy in Dubai is not only a viable option for a living but also a wise investment decision. Is it for your personal use or rental purposes, the market conditions are good to invest in Dubai real estate right now.