Here are some reasons for investors to consider investing in the Dubai real estate sector:
Expo 2020 is coming to Dubai
Dubai is hosting the following World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations. The announcement from the Expo in Dubai has boosted the off-plan property sector. Investors who’re buying Commercial For sale in Dubai before the Expo will receive a high return on investment. The Expo’s duration is half a year and millions of visitors will need to rent property. The rental demand will probably be high, enabling landlords the flexibleness to improve rents.
Dubai seeks being happiest city on earth
In 2016 The Secretary of state for Happiness was created in Dubai with primary aim to develop programmes and policies to boost the happiness amounts of Dubai’s residents, which was well received from the public.
High ROI for Dubai investors
Dubai’s market is maturing as the city’s inhabitants are increasing every year with all the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors conscious of the growing demographic are wisely purchasing property to provide the boost in rent demand.
Tourism in Dubai booming
A few of the main elements of Dubai’s economy incorporates tourism, trade, business services and property. The making of new hotels and real estate projects can be a direct result of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while from the same period in 2016 it absolutely was recorded 10,77 mil. The quantity of visitors is expected to boost by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum into the future
The Museum of the Future allows people to feel the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and gives advanced courses on new scientific achievements and trends. The museum will focus on answers to the very best three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are an important benefit of buying property in Dubai because it is an example of the safest havens both for investors and end-users. The crime rates are lowest on earth.
0% income and corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from most of the countries around the world where taxes are incredibly high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE home to among the world’s highest area of immigrants.
Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop The first is creating an expedited transportation route between Dubai and Abu Dhabi. Hyperloop One prepares to file for the world’s first operational Hyperloop system, allowing passengers traveling between the emirates in pods at 1,200 km hourly. The project’s goal would be to provide transportation from Dubai to Abu Dhabi in 12 minutes. Hyperloop One estimates that approximately 4,000 vehicles commute daily from Abu Dhabi to Dubai. Dubai Metro has additionally expanded their routes which makes it a straightforward journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to boost as its population grows every year which is guaranteeing high ROI for investors. The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and can reach 5.Two million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks then one of your kind entertainment and nightlife. Town can be known for its wide range of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; ensuring that there is certainly plenty to complete for the children, families, visitors and singles.
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