Government Pakistan The recently imposed new Taxes It has affected all areas of life Due to the nationwide investment There has also been a decline in the trend, due to which the real estate sector has been particularly affected.
In contrast to the policies implemented in Pakistan, the government of the United Arab Emirates, especially Dubai, has been introducing investor-friendly policies and systems for the past few years to attract investors to the real estate sector. Thanks to these policies, the trend of investors from all over the world, especially from Pakistan, is increasing towards investment in the kingdom.
Independent Urdu spoke to real estate experts about the declining investment trend in Pakistan and the rising investment trend in Dubai and tried to find out what factors are important to consider for a safe investment anywhere in the world. Is.
Mohammed Junaid Mughal, director of project sales at Zameen.com, says that foreign investment in Dubai has increased since 2023, due to which Dubai’s real estate is booming. “This growth is not only contributed by local people, but there has also been an increase in the trend of foreign investment as citizens of more than 90 countries reside in Dubai.”
He said that the initiatives of the Dubai government, especially the golden visa, long-term visas, transaction fees and regulatory fees that they have reduced and special policies, which are supporting the real estate, these things are encouraging investors there. are attracting Our government should also look at its policies and provide more facilities to attract investors to invest in Pakistan.’
An international standard of living, such as the presence of quality schools and hospitals in an area, also attracts investors to invest in places like Dubai.
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Dubai’s visa system is also cited as another reason for its booming real estate market. Introduced in 2019, the Golden Visa grants 10-year residency to those who invest at least 2 million dirhams ($731,485) in real estate.
Princess Nawaz, who is associated with the property consultancy sector in Dubai, recommends those interested in investing to start with small-scale investments, i.e. buying a one-bedroom or studio apartment, which are available at a low price.
He said, ‘Invest in affordable areas of Dubai such as Jumeirah Village City, Dubai Sports City and Dubai South as there are basic amenities of daily life such as hospitals, schools, restaurants and salons nearby. These are lifestyle items, which people should definitely look for before buying a home.’
Princess Nawaz said that it is very important to consider a few factors before buying a property: ‘Such as getting legal advice. Also check the legal status of the property and visit the property yourself to see how it is. Whether it is habitable or not and basic amenities are there or not.’
Muhammad Junaid Mughal says that Dubai’s lifestyle is similar to Europe and people there consider investment to be safe, due to which the investment trend in Dubai is increasing not only in real estate but also in other sectors in 2023-24. has been seen.
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2024-07-28 03:07:59