Below are a few reasons behind 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 with the Expo in Dubai has boosted the off-plan property sector. Investors that are buying Commercial for rent in Dubai before the Expo will receive a top return on investment. The Expo’s duration is 6 months and countless visitors will have to rent property. The rental demand will be high, enabling landlords the flexibility to increase rents.
Dubai seeks to get happiest city in the world
In 2016 The Ministry of Happiness was made in Dubai with primary aim to develop programmes and policies to enhance the time saving benefits degrees of Dubai’s residents, that was well accepted through the public.
High ROI for Dubai investors
Dubai’s market is maturing as the city’s population is increasing each year using 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 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 building of new hotels and real-estate projects is really 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 number of visitors is predicted 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 people to go through 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 methods to the very best three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety factors are an important benefit of buying property in Dubai because it is considered one of the safest havens for 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 most of the countries around the globe where taxes are very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, 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 to travel between your emirates in pods at 1,200 km each 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 in addition has expanded their routes which makes it an easy journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to improve as its population grows annually that 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 then one of a kind entertainment and nightlife. The town can be known for its wide range of gourmet restaurants and worlds renowned brands all have presence in the metropolis Dubai; making sure there is certainly plenty to accomplish for the children, families, visitors and singles.
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