Below are a few causes of investors to think about investing the Dubai property sector:
Expo 2020 is coming to Dubai
Dubai is hosting the subsequent 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 that are buying Dubai Properties before the Expo will get a higher return on investment. The Expo’s duration is six months and millions of visitors will need to rent property. The rental demand will be high, enabling landlords the pliability to boost rents.
Dubai seeks being happiest city in the world
In 2016 The Ministry of Happiness was made in Dubai with primary try to develop programmes and policies to boost the time saving benefits levels of Dubai’s residents, which was appreciated from the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s human population is increasing every year with 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 produce the boost in rent demand.
Tourism in Dubai booming
Some 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 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 anticipated 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 of the Future allows website visitors to experience 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 focus on solutions to the top three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of safety is an important advantage of buying property in Dubai because it is considered one of the safest havens for both 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 the majority of the countries around the globe where taxes are very high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE home to among the world’s highest number 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 produce the world’s first operational Hyperloop system, allowing passengers to travel between your emirates in pods at 1,200 km hourly. The project’s goal is always 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 which makes it a simple journey for Dubai visitors and residents.
Dubai’s inhabitants are 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 your kind entertainment and nightlife. The city can also be known for its wide range of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; ensuring that there is plenty to do for the children, families, visitors and singles.
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