Why Indians are investing heavily in Dubai

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In less than 40 years, Dubai has transformed from a local trading community into one of the most inspirational, exciting and successful cities in the world. It continues to make global headlines as an immensely attractive destination for tourists, investors and businesses alike.

Due to its diverse population and cosmopolitan lifestyle, Dubai offers residents and businesses a unique environment enriched with hundreds of cultures and a quality of life and work unrivaled in the Middle East. This encourages potential investment from around the world, especially India.

In Dubai, Indian investors can avail of tax-free returns of eight to 10 per cent and sound capital appreciation as the dirham is pegged to the US dollar and unaffected by currency fluctuations. Additionally, under the Reserve Bank of India’s ‘liberated remittance scheme’, an Indian investor can transfer $250,000 legally per year. A couple can send $500,000 every year. This amount can fetch a fantastic property in Dubai. The ease of registering a property in Dubai in comparison to India is much better and one is entitled to a residence visa on investing Dh1 million in this city.

Source Credit: Khaleej Times
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