The Middle East today is a very attractive region for investors. After all, it is there that you can purchase real estate objects at very attractive prices. Moreover, if permanent residence in the purchased housing is not planned, it is very profitable to rent it out. This real estate market is just starting to develop today.
A city with the highest cost of real estate is Tel Aviv, the cost of a square meter of housing in which reaches $ 5,000. A little cheaper costs a square meter of housing in Dubai – $ 4,000. In the capital of Egypt – Cairo – you can purchase housing in the calculation of 400 to $ 1,400. per square meter. And real estate in large cities of Morocco, Lebanon, Jordan today ranges from $ 1300 to 1900. per square meter.
When choosing a living space, investors should remember the high rental income. For example, in the Cairo district of Maadi, the profitability of renting housing will be characterized by a two -digit number. Here you can get up to 17 % per annum, if you rent real estate with an area of 250 square meters. m.
The tax legislation in the countries of the Middle East is also very loyal here. In Dubai, for example, housing in 50 square meters. m. will bring income up to 10, 2 % per year with an income tax only 5 %. And in Morocco, the owner can receive up to 9 % per annum with a total area of up to 60 square meters. m.
In order to understand how real these high percentage are, you can draw an analogy with the level of profitability that investors receive from leasing of residential areas in Europe, where in recent decades the income from rent has decreased significantly. This happened primarily due to the rapid increase in real estate prices. So, the income of homeowners in Paris today is only 4 %, and in Spain is even lower – from 2 to 4 %.