Here are some reasons for investors to consider investing the Dubai real estate 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 with the Expo in Dubai has boosted the off-plan property sector. Investors that are buying sell dubai apartment before the Expo will receive a top return on your investment. The Expo’s duration is half a year and millions of visitors will need to rent property. The rental demand is going to be high, enabling landlords the flexibleness to boost rents.
Dubai seeks to get happiest city on the planet
In 2016 The Ministry of Happiness was created in Dubai with primary make an effort to develop programmes and policies to improve the happiness levels of Dubai’s residents, that has been appreciated through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s inhabitants are increasing each year with 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 produce the rise 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 consequence of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while through the same period in 2016 it had been 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 for the future allows website visitors to feel 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 solutions to the very best three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety factors are a major advantage of buying property in Dubai as it is one among 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 world wide where taxes are very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE where you can 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 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 making it a simple journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to boost becasue it is population grows each year which is guaranteeing high ROI for investors. The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and 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 city can be noted for its wide array of gourmet restaurants and worlds renowned brands all have presence in the metropolis Dubai; ensuring that there’s plenty to complete for both the children, families, visitors and singles.
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