So, here in this blog, we are going to discuss the beyond story of Signature Luxury Real Estate. Signature Luxury was founded in February 2020 in Dubai. The main objective of this real estate agency is to provide a luxurious home experience to the residents of the UAE and to stand out among the top real estate agencies that have already captured the market, especially in Dubai.
When Signature Luxury started its operations in the next month, suddenly the COVID-19 pandemic broke out in the world, and due to the pandemic situation, this newly-founded agency faced many problems. At one stage, it almost seemed like this was the end, and there were very few chances for this agency to survive.
Tough Survival for Signature Luxury Real Estate
Initially, Signature Luxury faced many problems due to the pandemic situation. There were very few clients who showed interest in buying houses, and people also approached the known agencies that had already captured the markets of the real estate sector in Dubai. There were about only 3 clients who trusted us in that worst situation we had faced.
Trust in the Divine’s Power
There was a divine power that helped us in that situation, but after some time, when the pandemic waves went down, the real estate sector revived again, and people took an interest in purchasing property in Dubai. This was our time to show our strengths and get some potential buyers. After some time in the middle of 2021, we fully got out of the critical situation that we had faced during the pandemic and took Signature Luxury towards great progress.
A Breakthrough towards Success
After that critical phase, we had clients from all over the UAE, and slowly we achieved a great milestone. Signature Luxury is now partnered with the top developers in Dubai, including Binghatti, Sobha, Emaar, Danube, Damac, Azizi, and Vincitore. These are all huge names that we have partnered with. Signature Luxury’s main aim is to provide best-in-class houses, apartments, and villas at very affordable prices to enjoy a luxurious lifestyle in Dubai.
Partnership with the Top Developers in Dubai
Right now, we are partnered with the 11 top developers in Dubai, and more partnerships are coming very soon with the other developers. Signature Luxury also provides residential facilities to tourists who visit Dubai for a shorter time, and right now we are counted among the top real estate agencies in Dubai for our hard work and patience.
Signature Luxury Launched its Signature Livings in Pakistan
After Signature Luxury became a success in Dubai, we launched our new project, Signature Livings, near Islamabad, Pakistan. This project aims to provide world-class amenities to the people of Pakistan. At Signature Livings, we offer commercial and residential villas with luxurious amenities.
Dubai the Center of Attention for the Real Estate Sector
Dubai is the land of the world’s tallest skyscrapers and artificial islands. If we go back to history, it’s just a desert, but hats off to the kings of the UAE, who made Dubai the center of attention in the world due to its tallest building, Burj Khalifa. Dubai has recognized itself for its global trade, tourism, and investment. The geological location of Dubai has increased its importance in the world; it connects Asia with Europe and Africa.
Pros of investing in Dubai Real Estate
People from around the world want to live in Dubai, and Dubai carries something that attracts people to live here, and the main reason for this attraction is its tallest buildings. Let’s take a look at the pros of investing in Dubai real estate!
High Rental Yields
You will get the highest rental yields and ROI across the world in Dubai. It depends upon the location of your property, you can get between 6.9-9.2% ROI in all affordable locations of Dubai.
Tax Benefits
Dubai is a hub for international investors due to its favorable investment climate. One key aspect of this appeal is the absence of property income tax, which makes it a compelling choice for individuals looking to invest in the real estate market in Dubai. Investors stand to boost their earnings through various tax benefits, such as the complete exemption from property tax, no capital gains tax, no tax on rental revenue, and no income tax.
Fair Property Prices
Dubai has faced 7-years of slums but after this period Dubai real estate bounced back with a surge of 20% in prices. Ever since property prices have been increasing due to the flow of foreigners from around the world. Dubai's real estate market has achieved a noteworthy 17% share of global luxury property sales, thanks to significant investments from affluent individuals.
Although many people are investing in Dubai's real estate market, the property prices remain reasonable. As per the reports from Arabian Business, Dubai's per capita GDP is five times higher than London's property prices, but Dubai's prices are six times more budget-friendly than those in London or Hong Kong.
Cons of Investing in Dubai Real Estate
There are also some cons that a client needs to know before investing in Dubai real estate. Take a look at the cons.
Regulatory and Legal Requirements
Investing in real estate in foreign countries requires a thorough understanding of the local legal and regulatory systems. Dubai's real estate market has undergone recent changes, implementing more strict regulations to safeguard the interests of investors. While these changes promote transparency and stability, they may pose challenges for international investors. Therefore, it is advisable to consult with experts and continuously monitor the evolving regulations before making investments in Dubai.
Mortgage Charges
When you plan to invest in Dubai, first you should consider mortgage charges because here in Dubai, banks charge fees for processing, valuation, and mortgage registration. This will affect your overall expenses, so you should be vigilant in all of this process for your financial feasibility.
