Tigers are generally associated with Asia, and when talking in economic terms, a tiger country refers to the booming economies on the rise in Southeast Asia. Over the years though Dubai has become the most important hub for trade and tourism in the Middle East, earning itself the distinguished title of the “Gulf Tiger.”
While not the capital of the United Arab Emirates, Dubai has proven itself as one of the most important parts of the UAE. While most well-known for its luxury living and unimaginable opulence, the city has turned into a global financial hub with many companies opening branches and even moving their entire operations to the affluent emirate. With all this attention came a heavy influx of expats looking to live in the UAE and set up their nests in Dubai specifically. This, along with some favorable government policies, has led to a boom in the real estate market and has left many looking to buy and rent flats in Dubai with crypto.
In this article we will be taking a look at the Dubai rental market and why it is a good idea to buy real estate for rent in the UAE with crypto.
What are the advantages of Dubai?
Back in 2021, it was estimated that out of the 3.40+ million people living in Dubai, around 95% were expats who had moved there to live or work. While some certainly bought homes, the majority are renting apartments, creating a nice little income stream for those looking to buy Dubai flat for rental with crypto.
Among the reasons why Dubai has seen such an influx of foreigners are things like Dubai’s strong and diverse economy, which sports a thriving business environment that provides a large number of job opportunities for those looking to settle in the city. This comes with the benefit of residing in a place with such a high standard of living that it is hard to find an equal to the luxurious lifestyle and top-notch facilities and amenities that this city offers to its residents.
For those with a family, things are also quite ideal in Dubai as the level of safety and security is outstanding. With a negligibly low crime rate, people are able to live and work without ever having to worry about whether they are safe. When planning to buy crypto real estate for rent in Dubai, you can rest assured that the law is on your side and your property will be well looked after.
As a last little bit of encouragement that many look at when thinking about buying and renting UAE real estate for crypto is the fantastic weather. Dubai has a great climate, with temperatures ranging from 25-45°C (77-113°F) throughout the year, making it a perfect place for those who want to keep well away from cold winters.
Why it is a good idea to buy Dubai flat for rent with cryptos
There are a few good reasons why buying an apartment in Dubai in order to rent it out is a fantastic idea, and we will look at a few of these.
- Strong rental demand: If you plan to buy and rent property in Dubai for crypto, then you will be glad to hear that the city has a strong rental market. There is a continual high demand for rental properties all thanks to its growing population and the uptick in tourist traffic that the country has seen in recent years. This means that you should have a consistent stream of income and won’t need to look too hard for a tenant if someone moves out.
- High rental yields: Dubai has some of the highest rental yields you will find anywhere these days. On average rental yields of over 5% can be expected, meaning that property owners can earn some decent returns on their property investments. This, paired with Dubai’s expanding population, is sure to lead to an increase in rental demand and yearly returns for those who take their digital tokens to buy and rent Dubai real estate for crypto.
- Strong property market: Dubai’s property market has been steadily growing in recent years, with prices rising due to increased demand. This could potentially lead to capital appreciation for property owners.
In the long run, buying an apartment in Dubai and renting looks to be one of the most solid investments that people can make these days. Thanks to the strong rental demand, high rental yields, and potential for capital appreciation, to buy and rent flats in UAE for crypto is potentially one of the best moves that property investors can make at this point in time. However, it is important to scrutinize the market and find the perfect area to buy in just to be sure that all will go according to plan.
Best areas to buy and rent property in Dubai with crypto
While the entire UAE is a hotbed of good investment opportunities and Dubai sits at its center, there are a few areas in this city that might prove to be worth looking at when deciding on where you want to buy and rent flats in Dubai for crypto.
Dubai Marina is a very popular destination for both tourists and expatriates alike, as it offers a wide range of apartment options that line the vibrant and lively waterfront promenade. The public transport system is well integrated into this area and you can move between different parts of the city with ease.
Jumeirah Beach Residence (JBR)
JBR is another popular area and is a go-to for many expats looking to be in a more relaxed part of Dubai. As with Dubai Marina, this area is also well-connected by public transport and there are enough amenities such as shopping centers, the gorgeous beachfront, and restaurants to keep even the most fidgety of people entertained.
Downtown Dubai is perhaps the most well-known part of the city as it plays home to some of the city’s most iconic landmarks. In this area, you will find the infamous Burj Khalifa and the huge Dubai Mall to name but a few of the attractions that Downtown Dubai has to offer. This area is best suited for those who want to live in the hustle and bustle of this vibrant city.
There are many more places to mention, but for those looking to buy and rent flats in Dubai with crypto, these are some of the best areas to keep in mind.