Below are a few reasons for investors to take into account 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 are buying Apartment for rent in Dubai ahead of the Expo will get a top roi. The Expo’s duration is six months and millions of visitors should rent property. The rental demand will probably be high, enabling landlords the flexibility to boost rents.
Dubai seeks being happiest city in the world
In 2016 The Ministry of Happiness was developed in Dubai with primary aim to develop programmes and policies to improve the time saving benefits degrees of Dubai’s residents, that has been well received from the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s inhabitants are increasing every year using the numbers from Dubai Statistics Department marking 2,885,818 about the population clock. Investors conscious of the growing demographic are wisely purchasing property to produce the increase in rent demand.
Tourism in Dubai booming
A few of the main areas of Dubai’s economy incorporates tourism, trade, business services and property. The building of new hotels and property projects is really a direct result 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 quantity 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 for the future allows visitors to feel 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 focus on methods to the most notable three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of aspects a significant benefit of buying property in Dubai because it is considered one of the safest havens for investors and end-users. The crime rates are lowest in the world.
0% income and corporate 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 is home to over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, making UAE home to one of many world’s highest area of immigrants.
Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop You are 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 your emirates in pods at 1,200 km each hour. 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 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 improve since it’s population grows annually which can be 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.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. The city can also be noted for its wide array of gourmet restaurants and worlds renowned brands have the ability to presence inside the metropolis Dubai; making sure there’s plenty to do for both the children, families, visitors and singles.
To get more information about Apartment for rent in Dubai you can check this web page