Here are some reasons behind investors to take into account committing to the Dubai real estate 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 of the Expo in Dubai has boosted the off-plan property sector. Investors that are buying Property for sale in dubai ahead of the Expo will receive a higher return on investment. The Expo’s duration is six months and an incredible number of visitors will have to rent property. The rental demand is going to be high, enabling landlords the flexibility to increase rents.
Dubai seeks to become happiest city in the world
In 2016 The Secretary of state for Happiness was created in Dubai with primary aim to develop programmes and policies to enhance the benefits levels of Dubai’s residents, which was well accepted from the public.
High ROI for Dubai investors
Dubai’s market is maturing because the city’s inhabitants are increasing each year with 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 produce the boost in rent demand.
Tourism in Dubai booming
A few of the main areas of Dubai’s economy incorporates tourism, trade, business services and real estate. The construction of new hotels and real-estate projects is 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 was recorded 10,77 mil. The quantity 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 into the future
The Museum of the Future allows people to experience 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 top three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are a major benefit of buying property in Dubai as it is considered one of the safest havens both 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 most of the countries around the globe where taxes are extremely high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% of the people in this country, making UAE where you can one of 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 traveling 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 making it a straightforward 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 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 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and something of a kind entertainment and nightlife. The town can also be known for its wide range of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making sure there is plenty to accomplish for both the children, families, visitors and singles.
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