Here are a few reasons for investors to consider investing the Dubai property sector:
Expo 2020 is due 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 who’re buying buy office in dubai before the Expo will receive a higher roi. The Expo’s duration is half a year and countless visitors should rent property. The rental demand is going to be high, enabling landlords the pliability to increase rents.
Dubai seeks being happiest city on earth
In 2016 The Ministry of Happiness was made in Dubai with primary try to develop programmes and policies to improve the happiness levels of Dubai’s residents, that was appreciated by the public.
High ROI for Dubai investors
Dubai’s housing market is maturing as the city’s human population is increasing each year with all the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors conscious of the growing demographic are wisely purchasing property to supply the rise in rent demand.
Tourism in Dubai booming
A number 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 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 number of visitors is predicted 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 for the future allows visitors to go through 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 climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety is a significant good thing about buying property in Dubai as it is an example 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 the majority of the countries around the world where taxes are extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the people in this country, 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 You are 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 travel between your emirates in pods at 1,200 km per hour. 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 has also expanded their routes which makes it a simple journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to boost since it’s 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 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 one of the kind entertainment and nightlife. The town can also be noted for its wide array of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; ensuring that there’s plenty to accomplish for both the children, families, visitors and singles.
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