Where is it better to buy property – Dubai or Turkey?
For those people who want to make an investment in the real estate market, it is a common concern to know which one is a better choice to make an investment in its real market estate: Dubai or turkey. In this article, we will deal with this question to clarify which one is a more suitable and reasonable choice by providing some facts and information.
Buying a property in Turkey
It is an inarguable issue that Turkey’s economy is mainly dependent on industry and agriculture as well as tourism which can help the real estate market to grow, because some of the tourists may consider buying a property in Turkey. There are some reasons to convince them to buy property there. One of the main reasons to buy a property in Turkey is the affordability of properties. The properties are available at various prices but they are usually affordable. Some factors such as the location of the property, the age of the property, and the accessibility of services and facilities are some important factors that affect the price of a property in Turkey.
Another reason is the significant growth that Higher Education has experienced in Turkey in recent years that caused Turkish universities became good destinations. Many families may want to go for this reason. The other reason is the suitable privileges that Turkish authorities offer to investors who make an investment of a minimum of 250,000 $ in the real estate market which can be one or more properties by giving them the Turkish Passport and certainly permanent residence authorization. Some of those investors buy with the intent of personal residence, or with the purpose of investment for leasing these properties.
Buying a property in Dubai
The real estate market in the UAE, and Dubai in particular has experienced remarkable growth and a revolution over the two past decades and has been one of the pioneers in the real estate market. People buy properties in Dubai for many convincing reasons. Of course, tourism paves the way for the real estate market, they can have a direct impact on each other. Tourists want to visit and see gorgeous landmarks, simultaneously there must be hotels and apartments for them to stay. This encourages investments in real estate. According to Dubai tourism authorities, the majority of hotels in Dubai are booked by tourists which is a good sign to interpret as high demand for these properties. In addition, the “Return on investment” in Dubai is significantly high.
The main advantages of buying a property in Dubai
1.Economic stability
If you intend to make an investment in the real estate market, one of the most significant factors that must be taken into consideration is the country’s economy. While investors are willing to just invest in affordable properties (like Turkey) to gain the highest profits, it is necessary to pay attention to this point when you want to invest in the real estate market, the result depends on the country’s economy. Over the past years, Dubai has enjoyed a strong and stable economy which encouraged investors to buy property in this city. It has experienced various economic obstacles, but it has preserved its stability and strength. While the economy of Turkey has been unstable and uncertain in recent years.
2.Modern technology and innovation
Today it is a great advantage for every investor to live in an advanced city like Dubai. This is exactly what you can experience in Dubai with the highest comfort. Various facilities such as an advanced public transportation system, modern amenities, and amusing leisure facilities. Thus, many people decide to purchase a property in Dubai to enjoy the most advanced and the best facilities with high-quality universal standards. The facilities and services that Turkey can offer to investors are not certainly as modern and advanced as the amenities and services that Dubai can offer to investors.
3.Security and safety
This is such a surprising and wonderful thing to know that there is no crime in the emirate, which makes this place one of the best places to purchase a property. You cannot make a property investment unless you can find and select a safe place where your family members can live and work without any worry. While other countries are grappling with solving their increasing crime rates, Dubai is a safe and secure place to make an investment without being worried about crime. They make use of the newest mechanisms and tools to arrest any criminal and impose severe and stern policies against crime. There is no doubt that Dubai is safer and more secure than turkey in order to experience a serene life.
4.Tax-Free investment
UAE is regarded as a tax-free country for investment. Investment in Dubai’s real estate market will never make you face annual property tax, income tax, capital gains tax, rental revenue tax, or value-added tax. You can make big investments to boost your financial resources with regard to showing to another business mogul. While Turkey imposes specific taxes on different sectors.
5.High standard of living
Dubai is famous for offering a high-standard opulent lifestyle. The beach is home to villas, amazing apartments, and marvelous living standards. The luxury resonates everywhere in Dubai, whereas Turkey cannot offer such a high standard of living to investors.
read more:(the seven(7) emirates of the UAE)
6. High-quality Infrastructure
With its high-quality infrastructure, Dubai is the main hub for business in the middle east. The urban planning and main infrastructures are so magnificent that make it one of the best cities to live in. Turkey has not been as successful as Dubai in developing high-quality infrastructures.
7.Productive business environment
If you are looking for a job in Dubai, you can enjoy good jobs and salaries. Professionals with dependable experience in their field of expertise can find very good jobs. Many international companies are either located or have branches in Dubai. It is not an easy task to find a good job with a good salary in Turkey especially since the lira has lost its value in recent years.
It is a more reasonable and suitable decision to make an investment in the real estate market in Dubai since it is a safe and secure city that is equipped with top-quality infrastructures and has a strong and stable economy. Investment in this city is tax-exempt and you can be certain of the return on investment.