Mukesh Ambani, India’s second richest man and chairman of Reliance Industries, recently bought the most expensive villa in Dubai for his younger son, Anant Ambani. According to media reports, Mukesh Ambani has spent about Rs 640 crore to buy this luxurious villa built on Palm Jumeirah Island. Let us say that there is also a villa belonging to famous British footballer David Beckham and film actor Shahrukh Khan near this villa. But have you ever wondered why Dubai is the first choice of the rich around the world? And why does he prefer to have a home in Dubai?
Safety, Education, and Health:
Rich people like to live in a place where they do not have to worry about their safety. Dubai is the perfect place for this matter. There are strict rules in Dubai regarding security. Here, driving too fast or driving under the influence of alcohol also attracts severe punishment. The crime rate in Dubai is also very low. Apart from this, the education and health systems here are also excellent. This is also one of the reasons why people like to live here.
Luxury life and luxury property:
Dubai’s parties, beaches, hotel resorts, and nightlife are discussed all over the world. The luxury life here attracts a lot of nobles. Along with this, Dubai is one of the major cities in the world in terms of luxury property. There is more than one luxury property available here.
Infrastructure and Transport:
Dubai’s infrastructure is one of the best in the world. Here you will get everything from every brand. From here, there is a facility for air, water, or road transport to and from other cities in the world. Direct flights are available from Dubai to major cities in the world.
Easy to do business:
It is easy to do business in Dubai. The rules of doing business here are quite simple. In such a situation, many people also like to return home to Dubai with the intention of doing business.
Luxury properties and good returns:
Along with this, a good rent is available on the property here. At the same time, good returns are also available on selling the property back. Overall, buying a property in Dubai is beneficial from an investment point of view as well.
Rules and regulations
The laws of buying property in Dubai are more regulated and transparent. There is no need for a developer or a lawyer to get government approval to buy a property here. Apart from this, people also have the option of paying after possession here. This is also one of the reasons why people invest in property here.