Here are a few causes of investors to think about investing the Dubai property sector:
Expo 2020 is coming to Dubai
Dubai is hosting the following 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 that are buying Open House in Dubai before the Expo will get a high return on investment. The Expo’s duration is six months and an incredible number of visitors should rent property. The rental demand is going to be high, enabling landlords the flexibility to boost rents.
Dubai seeks to get happiest city in the world
In 2016 The Secretary of state for Happiness was made in Dubai with primary try to develop programmes and policies to enhance the benefits degrees of Dubai’s residents, which was appreciated by the public.
High ROI for Dubai investors
Dubai’s housing market is maturing because the city’s population is increasing every year with all the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors aware of the growing demographic are wisely purchasing property to provide the increase in rent demand.
Tourism in Dubai booming
A few of the main parts of Dubai’s economy incorporates tourism, trade, business services and real estate. The building of new hotels and real estate projects can be 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 absolutely was recorded 10,77 mil. The number of visitors is expected to increase by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum for the future
The Museum into the future allows website visitors to experience the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will give attention to methods to the most notable three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety is an important benefit of buying property in Dubai because it is one among the safest havens for investors and end-users. The crime rates are lowest on the planet.
0% income and company tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from the majority of the countries world wide where taxes are incredibly high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% of 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 produce the world’s first operational Hyperloop system, allowing passengers to travel involving the emirates in pods at 1,200 km per 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 additionally expanded their routes rendering it an easy 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 annually which is 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 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and one of the kind entertainment and nightlife. The town can be known for its wide selection of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; ensuring that there’s plenty to do for the children, families, visitors and singles.
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