In Dubai, One million dollars can buy you almost nine and seven times more space than Monaco and London.
As per a statement sent to Emirates 24|7, the UK-based consultancy revealed that $1 million can buy approx.105 square meters of prime property in Dubai compared to only 17 square meters in Monaco and 34 square meters in London.
Dubai is offering you better bargains with larger living spaces making it an attractive option for property buyers not just because of price considerations, but also due to several living factors
- ?Affordability: Dubai offers relatively lower property prices compared to major global cities like London, New York, or Hong Kong. This means $US1 million can typically buy a larger or higher-quality property in Dubai than in these cities.
- Tax Benefits: Dubai has attractive tax policies, including no income tax, no capital gains tax, and no property tax for expatriates. This can significantly reduce the overall cost of living and owning property in the city.
- Quality of Life: Dubai is known for its modern infrastructure, excellent healthcare facilities, world-class education options, and diverse cultural experiences. The city offers a high standard of living with a cosmopolitan lifestyle.
- ?Business and Investment Hub: Dubai is a global business and investment hub, attracting professionals and entrepreneurs from around the world. This provides ample opportunities for career growth and business expansion.
- Safety and Security: Dubai is recognized for its safety and low crime rates, making it a desirable place to live for families and individuals seeking a secure environment.
- Property Options: Dubai offers a wide range of property types, from luxury apartments in iconic skyscrapers to spacious villas in gated communities or beachfront properties. This diversity allows buyers to find properties that suit their lifestyle preferences.
- Infrastructure and Connectivity: Dubai has modern infrastructure, including an efficient public transportation system, world-class airports, and connectivity to major global destinations. This enhances convenience and accessibility for residents.
- Cultural Diversity: Dubai is a melting pot of cultures, offering a diverse and inclusive environment where people from different backgrounds can thrive and feel at home
