As an investor, purchasing property in a foreign country can offer numerous benefits, including the opportunity to obtain a golden visa program that includes family members and a bank account. Here are some key advantages of buying property as an investor in Dubai that offers a golden visa program:
Golden visa: Dubai offers a golden visa program for investors who buy real estate, with a minimum investment of 2 million AED or more. A golden visa can provide the investor and their family members with residency for a period of 10 years, which can be extended. This can make it easier to travel and conduct business in that country.
Bank account: Investing in property in a foreign country can simplify the process of opening a bank account and conducting financial transactions. This can be particularly advantageous for investors who frequently conduct business in that country.
Diversification: Investing in property in different countries can offer diversification benefits to an investor’s portfolio, minimizing the impact of market fluctuations and geopolitical risks.
Potential for higher returns: Investing in property in a foreign country can provide the potential for higher returns compared to domestic investments, particularly in emerging markets where property values may be undervalued.
Lifestyle benefits: Owning a property in a desirable location can provide lifestyle benefits such as access to beaches, mountains, or cultural attractions.
Inflation hedge: Real estate can act as an inflation hedge, as property values and rental income tend to increase with inflation. This can help protect an investor’s purchasing power over time.
Rental income: Owning investment property can provide a source of rental income, which can be a steady stream of passive income for the investor.
Appreciation potential: Property values can appreciate over time, providing the potential for capital gains when the property is sold.
Control: Owning property gives the investor a greater degree of control over their investment compared to other asset classes, such as stocks or bonds.
Leverage: Real estate can be purchased with leverage, meaning the investor can use borrowed funds to buy the property. This can amplify potential returns, although it also increases risk.
Overall, buying property as an investor can offer a range of benefits such as diversification, potential for higher returns, rental income, and control over the investment.
Additionally, another advantage of buying property in Dubai as an investor is the tax benefits. Dubai has a tax-friendly environment with no income tax, no capital gains tax, and no value-added tax (VAT) on the purchase of residential properties. This can result in significant savings for investors and increase the return on investment.
In summary, purchasing property as an investor in a foreign country that offers a golden visa program can be an excellent investment strategy, offering a range of benefits such as visa facilitation, diversification, higher returns, and lifestyle advantages.