Why do Europeans choose
Dubai Real Estate market to build their retirement savings?
reasons 1
Low liquidity: The demand for real estate has decreased due to high prices.
reasons 2
Very high prices: Property prices have increased by 25% over the past 5 years.
reasons 3
Mortgage rates exceed the CAP: The average SAR is 5%, while the mortgage rate is 5,3-5,5%.
reasons 4
There is a chance that events similar to those in 2008 may repeat.
Let's go through the 4 reasons why people have stopped buying in the EU:
Now, let's explore the 4 reasons
why people are buying property in Dubai for passive income in retirement:
reasons 1
Record-breaking tourist numbers in 2022 - 20 million. Rental prices are increasing by 10% annually, which is the highest rate in the world. As a result, Americans view Thai real estate as an asset for generating passive income during retirement.
reasons 2
Stable GDP growth and the exchange rate of the Thai Baht to the US Dollar provide reliability.
reasons 3
Low taxes on property purchase and rental income - 0.5% for purchase tax and 5% for income tax.
reasons 4
The number of EU citizens purchasing property in Dubai increased by 15% (575 properties purchased) in 2022.
Get presentation of the best projects in Dubai on your WhatsApp