Here are some causes of investors to consider investing in 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 Property Management in Dubai ahead of the Expo will receive a top 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 flexibleness to boost rents.
Dubai seeks being happiest city on the planet
In 2016 The Ministry of Happiness was made in Dubai with primary try to develop programmes and policies to enhance the benefits amounts of Dubai’s residents, that has been well received through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing as the city’s human population is increasing annually using 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 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 construction of new hotels and real estate projects can be a direct results of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while by the same period in 2016 it was recorded 10,77 mil. The quantity 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 for the future
The Museum of the Future allows website visitors to feel the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will focus on solutions to the very best three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety is a major benefit of buying property in Dubai because it is an example of the safest havens both for investors and end-users. The crime rates are lowest on the planet.
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 globe where taxes are very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the total population, making UAE where you can one of the world’s highest area 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 file for the world’s first operational Hyperloop system, allowing passengers traveling between your emirates in pods at 1,200 km per 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 also expanded their routes rendering it an easy journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to increase 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 can reach 5.Two million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and something of your kind entertainment and nightlife. The town can also be recognized for its wide range of gourmet restaurants and worlds renowned brands have the ability to presence in the metropolis Dubai; making sure there is plenty to complete for both the children, families, visitors and singles.
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