Below are a few reasons behind investors to think about investing in the Dubai property 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 of the Expo in Dubai has boosted the off-plan property sector. Investors who’re buying dubai flat for sale prior to the Expo will receive a top 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 pliability to boost rents.
Dubai seeks to get happiest city in the world
In 2016 The Secretary of state for Happiness was created in Dubai with primary aim to develop programmes and policies to improve the time saving benefits amounts of Dubai’s residents, that was appreciated through the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s human population is increasing each year using the numbers from Dubai Statistics Department marking 2,885,818 about the population clock. Investors aware of the growing demographic are wisely purchasing property to supply the increase in rent demand.
Tourism in Dubai booming
Some of the main areas of Dubai’s economy incorporates tourism, trade, business services and property. The building of new hotels and property projects can be a direct results of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while through the same period in 2016 it was recorded 10,77 mil. The number of visitors is predicted to increase by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum into the future
The Museum for the future allows visitors to feel the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will concentrate on solutions to the most notable three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are a major benefit of buying property in Dubai as it is one among the safest havens for both investors and end-users. The crime minute rates are lowest on the planet.
0% income and corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from the majority of the countries world wide where taxes are extremely high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, making UAE home to one of the world’s highest number of immigrants.
Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop One is creating an expedited transportation route between Dubai and Abu Dhabi. Hyperloop One prepares to produce the world’s first operational Hyperloop system, allowing passengers to travel involving the emirates in pods at 1,200 km per hour. The project’s goal is 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 in addition has expanded their routes rendering it a straightforward journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to increase becasue it is 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 definately will reach 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and one of your kind entertainment and nightlife. Town can be recognized for its wide range of gourmet restaurants and worlds renowned brands have the ability to presence inside the metropolis Dubai; ensuring that there is certainly plenty to accomplish for the children, families, visitors and singles.
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