Below are a few reasons behind investors to consider investing 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 who are buying Property Valuations in Dubai ahead of the Expo will get a top 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 boost rents.
Dubai seeks to become happiest city on the planet
In 2016 The Ministry of Happiness was made in Dubai with primary try to develop programmes and policies to improve the time saving benefits amounts of Dubai’s residents, that has been well accepted by the public.
High ROI for Dubai investors
Dubai’s market is maturing as the city’s inhabitants are increasing each year using the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors aware of the growing demographic are wisely purchasing property to supply the increase in rent demand.
Tourism in Dubai booming
A few of the main elements of Dubai’s economy incorporates tourism, trade, business services and real-estate. The making of new hotels and property projects is really 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 amount of visitors is predicted to improve 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 feel the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and gives advanced courses on new scientific achievements and trends. The museum will concentrate on solutions to the top three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of aspects an important good thing about buying property in Dubai since it is considered one 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 most of the countries world wide where taxes are extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of the people in this country, making UAE where you can among the world’s highest area 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 visit between the emirates in pods at 1,200 km hourly. 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 in addition has expanded their routes making it an easy 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 every year 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 will 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 the kind entertainment and nightlife. The city can be known for its wide array of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making sure there is certainly plenty to complete for both the children, families, visitors and singles.
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