Here are a few reasons behind investors to consider committing to the Dubai property 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 are buying selling property in dubai ahead of the Expo will receive a higher roi. The Expo’s duration is half a year and an incredible number of visitors will have to rent property. The rental demand is going to be high, enabling landlords the flexibleness to improve rents.
Dubai seeks being happiest city on earth
In 2016 The Ministry of Happiness was created in Dubai with primary try to develop programmes and policies to enhance the benefits levels of Dubai’s residents, that has been appreciated by the public.
High ROI for Dubai investors
Dubai’s market is maturing as 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 elements of Dubai’s economy incorporates tourism, trade, business services and property. The making of new hotels and real-estate projects is really a direct result 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 number of visitors is predicted to improve by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum of the Future
The Museum for the future allows people to feel the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will concentrate on answers to the most notable three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of aspects a major benefit of buying property in Dubai because 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 world wide where taxes are extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE the place to find one of the world’s highest percentage 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 launch 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 has additionally 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 since it’s population grows each 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 and something of the kind entertainment and nightlife. The city can be known for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence inside the metropolis Dubai; making sure there’s plenty to accomplish for the children, families, visitors and singles.
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