When thinking of the city of Dubai, what springs to mind?
Luxury shopping centres, towering ultramodern skyscrapers, golden sandy beaches and a thriving nightlife; but this high-end lifestyle may appear unreachable to the average person.
However, what you may not realise is that investing in property in Dubai may be much more attainable than you think, with prices currently at an all time low.
Compared to London, properties here are 80% lower than those in the capital per square foot.
This is why it is the opportune time to invest in property in the area, and Right City Investments are coming to Manchester to help both first-time and seasoned investors on their way.
Hosting the Dubai Property Event in Manchester on November 16 and 17, you can find out everything you need to know investing in affordable luxury apartments, and take advantage of some exclusive deals at the show too.
Here are some of the reasons why now is the ideal time to invest in property in this thriving Middle Eastern city.
You are getting a lot of bang for your buck
Due to a dip in the property market in Dubai, there are currently some great investments to be made in the city, as the region begins to see a recovery of the property market.
Luxury apartments with panoramic views of the world’s two tallest towers, which should set you back a small fortune, can now be bought from only £170,000.
Prices have dropped by around 25% of their value since 2014, meaning right now is definitely a buyer’s market.
Demand is only set to increase next year as Dubai prepares to host the World Expo 2020, which is set to draw an estimated 25 million additional visitors to the city.
The 173 day long event celebrates culture, collaboration and innovation with a series of events and attractions and with more 190 countries taking part.
On top of this, the Dubai government has now decided to restrict the number of units which can be completed each year. This restriction will help boost the property market in the city and is one of the key attractions for investors.
Options to suit your needs
Whether you’re looking for a home, a holiday escape or a long term investment, there are plenty of great options.
If you’re planning on staying in the city for the long term, then getting onto the property ladder whilst the prices are still cheap is an opportunity that is too good to miss.
It’s also a great time to be a landlord as rent rates are still some of the highest in the world compared to other major cities across the globe.
Even Warren Buffett is investing
If you’re still not convinced then it might help to know that billionaire investor, Warren Buffett is currently looking to take advantage of the slump in the market by expanding his company, Berkshire Hathaway, into the city.
The multinational conglomerate holding company has struck an agreement with local firm, Gulf Properties to connect both buyers and sellers in the Dubai market.
Dubai is only the fourth region that Buffett has invested in, following significant investments in the US and UK property markets.
Having beaten the stock market an impressive 10 times in the past 13 years and delivering a sizeable gain for investors during this time, it’s fair to say that following in Buffett’s footsteps might be quite a wise idea.
Exclusive offers for Mancunians
Having hosted events in Paris, New York and London, Right City Investments are bringing their latest event to Manchester.
Whether you are looking to buy property in the area as an investment or to get onto the property ladder for a fraction of the price, the event will tell you everything you need to know about the Dubai property market.
Visitors to the event will be able to access a range of offers, including exclusive payment plans valid for the weekend only.
Developers will be on hand to advise on luxury properties on offer, including those who work with high-end designer brands such as Fendi villas, Versace homes and Just Cavalli villas.
How can I find out more?
Right City Investments Ltd are hosting two events running on Saturday 16 and Sunday 17 November from 10am to 10pm at The Lowry Hotel in Salford.
Aadil Yusuf, director of Right City Investments said: “Dubai has been a top priority for our investors global expansion. There were 16,000 overseas buyers acquiring property in Dubai between January to June this year. Dubai was one of the few markets that survived the initial repercussions of the financial crisis of 2007-2008 making it an alluring option for investors.
“The past decade has seen changes in regulatory structure, facilitating a safe haven in Dubai for investors and developers alike. This has meant that Dubai benefits from having one of the largest rental yields compared to other alpha Cities around the world. At Right City Investments, we have seen a major increase in investors looking for great deals in Dubai.
“This has prompted us to bring the Dubai Property Event to Manchester. Historically these events have allowed investors to benefit from event only deals on the day, with investors taking advantage of bigger discounts, better payment plans and having the opportunity to speak directly to the developer’s representatives.”
Places are limited so be sure to book early to secure your place.