People always get confused among savings and investments, which performs various roles in financial planning. While discussing Investment plans, three words come to our mind - intimidating, overwhelming and scary. Keep Instruct yourself to procure better returns in Investments. While looking for different approaches to assemble this budgetary corpus, one should regularly glance the better investment plans and more significant yields from them.
Investing is not quite the same as saving, it involves some risk factors with hopes of making a profit and increase the value of their investments. An Investment plan provides the opportunity to create wealth for the future. Life Insurance Plans in UAE are also used as notable investment instruments. Make the Best Investment Plans in Dubai, so that you can accomplish your economic goals as well as make an advantage in financial status to live a secure life. Investment Options are categorized into two such as financial and non-financial assets. Financial assets include bank deposits, mutual funds, PPF, shares & stocks. Non-financial assets include real estate, gold and so on.
Lots of investment objectives are available for different investors. Some common objectives are listed below.
Safety is one of the primary objectives in investing and every investor looks safe while investing. Investors look forward to guaranteed investments.
The investment plans on the safer side have a lower yield or rate of income return. The investors should take a risk and sacrifice a certain degree of safety to earn better returns. Relax as the returns increase.
The good element of investments is to leverage tax minimization. Investors utilize this as a key strategy of saving the tax.
Albert Einstein, “Compound interest is the eighth wonder of the world”.
The more time you give your investments to grow, the higher the amount you would get.
What are the Best Investments in UAE for Expats?
The UAE market has a diverse range of savings and investment plans options are available. In general investment options are broadly classified as below.
Short-Term & Medium-Term Investments
Short & Medium Term - Investment options in Dubai, UAE
In General, short term investments are duration will 1 to 5 Years. Majorly of the short and medium term investment plans are chosen by certain goals reaching in the near future. Such short term needs are like:
Planning for buying a car in the near future
Home loan down payment
Planned for a Holiday trip in near future
Emergency Fund - parking money in to Savings account
In short term investment options are like
Bank Fixed deposit: There are different banks Such as Dubai Islamic Bank – Wakala Deposit, Noor Bank Wakala Deposit, Mashreq Bank – Unfixed Deposit,
FCNR Deposits for NRI: A Foreign Currency Non-Resident (FCNR) bank (B) account, also sometimes known as FCNR(B)), is a term deposit account in different Currency USD, CAD.
National bonds: For short-term duration UAE National bonds are offering low interest for short- term you can withdraw anytime. Also there are different investment plans available for a short term, one-time single premium investment. More details on single investment for 2 to 4 years, the best options are click MetLife - Investor advantage and Zurich Wealth Accumulation plan.
Overall Savings and Investments are should be Diversification of funds to various asset classes is more important:
Long-term – Investments Options in Dubai, UAE There are more options that are available for long term Investment, Generally, long term investment plans are considered on the following basis.
Child higher education plan
Whole of life Insurance Plan
Investment for Daughter’s Marriage
When you have specific goal for investments for child higher education, Best plans are avail under MetLife - Investor advantage and Zurich Vista
Retirement and pension plan: Best plans are avail under MetLife - Investor advantage and Zurich Vista
If are planning for long term protection with Life and critical illness cover such as Whole of Life Insurance plans, currently such kind of plans are available from top International life insurance companies i.e. Zurich International Life, in Dubai - Zurich Futura and MetLife - future protect. If incase looking for long term protection plans, you can click in Top Best Term Insurance plans UAE.
If you want to start a business in the future.
Always most of the NRIs want to create wealth over a period of time and move back to home country.
Probably for children's marriage
There will be lot of need in the future like building your own Villa, House, apartment or farmhouse.