Press reports have indicated that Dubai’s real estate sector has become one of the most profitable, transparent, and secure real estate markets in the world, and The Economic Times reported that Dubai real estate offers rental yields ranging from 7% to 8%, compared to 2% to 3% in most major cities around the world, which means that investors can recoup their entire investment within 12 to 12 through rent.
The “Economic Times” confirmed that the process of purchasing real estate in Dubai is very simple and does not require the services of lawyers to complete; it can be completed through real estate agencies or authorized government departments in the emirate.
The newspaper noted that the Real Estate Regulatory Authority in Dubai (RERA) recently presented an inspiring model to Indian authorities for reforming their own real estate regulatory framework.
RERA provides the best protection for investors in the real estate sector; real estate developers are not permitted to access investors“ funds deposited in escrow accounts without obtaining permission from the Real Estate Regulatory Authority in Dubai, and only after an inspection of the construction site and review of reports—and this is the key factor that has attracted Indian investors to Dubai.
