Dubai's real estate market has long been a playground for the wealthy, but a recent trend shows a surge in Indian investment. This shift in demographics has seen Indians becoming major players, shaping the city's property landscape. Let's delve into the key factors driving this phenomenon: 1. Tax Oasis: A Haven for Investors Unlike India, Dubai boasts a tax-free environment for property investment. This translates to significant savings for Indians, who would otherwise face capital gains tax and property taxes back home. This exemption applies to both buying and selling properties, making Dubai a lucrative proposition for investors seeking to maximize their returns. For instance, consider an Indian investor purchasing a property in Mumbai. They would incur a capital gains tax of up to 20% on the sale, significantly impacting their profit. In Dubai, however, the entire sale value becomes their profit, making it a far more attractive option. 2. Reap the Rewards: Higher Ren...
Stock Market | Personal Finance | Financial Freedom | Business |