Here are a few reasons behind investors to think about investing in the Dubai real-estate sector:
Expo 2020 is coming to Dubai
Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations. The announcement with the Expo in Dubai has boosted the off-plan property sector. Investors who’re buying sell dubai property prior to the Expo will receive a higher roi. The Expo’s duration is six months and an incredible number of visitors will have to rent property. The rental demand will probably be high, enabling landlords the flexibility to improve rents.
Dubai seeks to get happiest city in the world
In 2016 The Secretary of state for Happiness was developed in Dubai with primary aim to develop programmes and policies to boost the benefits levels of Dubai’s residents, which was well received through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing because the city’s population is increasing every year with the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors mindful of the growing demographic are wisely purchasing property to provide the rise in rent demand.
Tourism in Dubai booming
A few of the main areas of Dubai’s economy incorporates tourism, trade, business services and real estate. The building of new hotels and real estate projects is a direct results of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while from the same period in 2016 it had been 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 for the future
The Museum for the future allows visitors to experience the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will concentrate on solutions to the very best three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of safety is an important good thing about buying property in Dubai as it is considered one of the safest havens both for investors and end-users. The crime rates are lowest on earth.
0% income and company tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from a lot of the countries around the world where taxes are very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the people in this country, making UAE where you can one of many 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 to visit between the emirates in pods at 1,200 km each 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 making it an easy journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to improve since it’s population grows every year that 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 and one of a kind entertainment and nightlife. The town can also be known for its wide range of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; making certain there is certainly plenty to accomplish for both the children, families, visitors and singles.
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