Below are a few reasons for investors to take into account committing to 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 from the Expo in Dubai has boosted the off-plan property sector. Investors who’re buying Property for sale in dubai before the Expo will receive a top return on investment. The Expo’s duration is 6 months and an incredible number of visitors will need to rent property. The rental demand is going to be high, enabling landlords the pliability to boost rents.
Dubai seeks to become happiest city on earth
In 2016 The Ministry of Happiness was developed in Dubai with primary aim to develop programmes and policies to improve the happiness degrees of Dubai’s residents, that has been well accepted by the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s inhabitants are increasing each year using the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors conscious of the growing demographic are wisely purchasing property to provide the boost in rent demand.
Tourism in Dubai booming
Some of the main elements of Dubai’s economy incorporates tourism, trade, business services and real-estate. The building of new hotels and real estate projects is a direct consequence of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while through the same period in 2016 it absolutely was recorded 10,77 mil. The number of visitors is expected to improve by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum for the future
The Museum of the Future allows people to feel the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and gives advanced courses on new scientific achievements and trends. The museum will give attention to methods to the most notable three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are an important advantage of buying property in Dubai as it is considered one of the safest havens 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 most of the countries world wide where taxes are very high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% with the people in this country, making UAE where you can among the world’s highest percentage 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 travel involving 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 has also 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 boost as its 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 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks then one of a kind entertainment and nightlife. Town can be noted 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 do for the children, families, visitors and singles.
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