Below are a few reasons for investors to consider investing the Dubai real estate 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 of the Expo in Dubai has boosted the off-plan property sector. Investors that are buying villa for sale in uae prior to the Expo will get a higher return on your investment. The Expo’s duration is 6 months and millions of visitors will need to rent property. The rental demand will probably be high, enabling landlords the flexibility to boost rents.
Dubai seeks to become happiest city on the planet
In 2016 The Secretary of state for Happiness was developed in Dubai with primary try to develop programmes and policies to boost the happiness amounts of Dubai’s residents, that has been appreciated by the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing as the city’s human population is increasing annually with the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors mindful of the growing demographic are wisely purchasing property to produce 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 building of new hotels and property projects is 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 had been recorded 10,77 mil. The quantity of visitors is anticipated to boost 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 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 answers to the very best three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of safety factors are an important advantage of buying property in Dubai as it is one among the safest havens for both investors and end-users. The crime minute 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 around the world where taxes are very high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE home to one of many world’s highest percentage 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 between your emirates in pods at 1,200 km hourly. 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 also expanded their routes which makes it a straightforward 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 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 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 city can be recognized for its wide array of gourmet restaurants and worlds renowned brands have the ability to presence in the metropolis Dubai; making sure there is plenty to do for the children, families, visitors and singles.
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