If you’re an expat and you want to maximize your income by investing, you are naturally likely to be wondering about your investment options, so let’s take a look at some of the best asset options available to you right now:
Real estate
Real estate, either in Dubai or abroad, is almost always a sound investment because it enables you to start making money via rental income almost immediately. The main thing you will need to think about is whether you invest in Dubai, which can be more expensive, but which can come with potentially higher returns, or you invest in your home country where you may be able to benefit from various incentives as these fha faqs show, You will also want to determine whether you want to be a sole investor or whether something like a Real Estate Investment Trust, where you pool your money with other investors, would be more suitable for you.
Stocks
The Dubai Financial Market is one of the stronger markets in the world right now. It has its own Stock Exchange and trades in prominent companies from nearby territories such as Oman, Bahrain, and Kuwait. However, you need to bear in mind that it is a wholly Sharia-compliant stock exchange when you are investing, If you are willing to invest for the long-term, it is probably the best way to do so, but you should do your homework and be totally sure you understand what you are going or seek the help of a qualified financial adviser before you jump in, and if you are very risk-averse, it may not be the ideal solution for you.
Bonds
Investment bonds are often a safer bet, so if you are risk-averse, they are definitely something you should look into. They often offer better returns than other investments like fixed deposits too. Bonds in Dubia are traded as Sukuk in order to get around the problem of interest being considered haram by Muslims. You can buy national bonds very easily with a minimum deposit of 100 AED and it is possible to redeem them after holding for just three months which means they’re also a good option if you want to be able to access your investments should the need arise.
Gold
In Dubai, gold is a very popular investment and with good reason. Precious metals almost always hold their value over time, although there can be significant fluctuations in the short term. Gold, in particular, is a very much sought-after material and it is very easy to get hold of gold jewelry, coins, bars, and ETFs in Dubai, which means a lot of the locals and expats alike hold a significant amount of gold as a nest egg. Just make sure you understand the commodities market before you make an investment in precious metals.
Investing is the best way to grow your money over time, and all of these investments represent some of the best opportunities available to you, so what are you waiting for?