It’s taxing to keep a tab of the loans, credit card bills, and utility bills to pay these off timely and avoid incurring any additional charges.
Invest smart today for a better tomorrow
Smartest investment and life plans in UAE
The UAE has become a hub for investment in recent years. Its cities such as Abu Dhabi, Dubai, Ajman, etc. have become a popular spot for tourism and business ventures. People around the globe now acknowledge the fact that making an investment in UAE is one of the best financial decisions they will ever take. Real estate, tourism, and gold are some of the ventures where an investment can be made in the UAE.
If you are also looking forward to making an investment in UAE, you must definitely read this article to clear your doubts.
However, before we actually begin exploring the sectors to invest in the UAE, we must be wary of other questions as well. We must know that why investing is important for us and how it will help us in the future. Once we establish a clear understanding, we’ll move on to discuss the sectors where investors can put their hard earned money for profitable returns.
There are only two possible ways to make money in today's world: either by working for yourself or others and/or by making your assets work for you. If you do not invest your money you'll never see your wealth growing. You may invest in mutual funds, real estate, and gold or in a combination of assets. Investing is important to ensure your long-term present and future financial goals. The money generated from your investments can offer the financial security you are looking for.
Now, that you know why to invest, let’s look at some of the options to invest in the UAE:-
UAE has been growing remarkably which makes real estate in the country as one of the hottest sectors to invest. The rate at which new buildings are being constructed in the UAE is remarkable and clearly showcases the overall boom of the sector. For instance, the Dubai Silicon Oasis (DSO) in Dubai was a deserted area a few years back, but now it is a thriving commercial and residential community.
The emirate of Ras Al Khaimah (RAK) is another example of a destination that is thriving progressively to become a major tourism destination. As per the Al Khaimah Tourism Development Authority (RAKTDA), a growth of 19 per cent was witnessed in the year 2017 in the total number of tourists visiting the emirate.
There are several other examples in the UAE where you can invest your money to get profitable returns.
Exchange traded funds or ETFs are open-ended investment funds enlisted on a stock exchange which are low in cost and easy to trade. Another important way to invest your money in the UAE is to invest in mutual funds. They serve as an excellent investment tool for people looking to invest passively. Mutual Funds also help to diversify your investment portfolio. You can invest in different mutual fund products to cater to your different investment needs. Mutual funds are the safest ways to make an investment in UAE as the investment is managed by the fund managers and you do not need to worry about the day to day movement in the market.
Gold is one of the precious metals, a tool to fight inflation and one of the best ways for investment in UAE. You must invest in gold because of its price increases in response to the events that lead to the value of paper investments, such as bonds and stocks to decrease. Though the price of gold can be volatile in the short term, it has always maintained its value over a longer duration. Moreover, there are almost no taxes levied on gold purchases and export which makes it one of the most preferred destinations for gold trade in the world.
If you are willing to take risks; cryptocurrencies are for you. I guess you all would be familiar with the famous bitcoin that was able to make its name throughout. There are various bitcoin exchanges in the UAE where you can carry on the exchange trade.
Making an investment in UAE is a fruitful venture for those really willing to meet their financial goals.