Below are a few causes of investors to consider investing in 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 from the Expo in Dubai has boosted the off-plan property sector. Investors that are buying sell dubai property prior to the Expo get a top return on your investment. The Expo’s duration is 6 months and countless visitors should rent property. The rental demand is going to be high, enabling landlords the flexibleness to increase rents.
Dubai seeks to get happiest city in the world
In 2016 The Ministry of Happiness was made in Dubai with primary make an effort to develop programmes and policies to enhance the time saving benefits levels of Dubai’s residents, that has been appreciated by the public.
High ROI for Dubai investors
Dubai’s housing market is maturing as the city’s inhabitants are increasing every year 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 boost in rent demand.
Tourism in Dubai booming
Some 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 is really 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 was recorded 10,77 mil. The quantity of visitors is expected 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 into the future allows visitors to go through the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will focus on answers to the most notable three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are an important advantage of buying property in Dubai as it is an example of the safest havens both for investors and end-users. The crime rates are lowest in the world.
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 is home to over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE the place to find among the 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 launch the world’s first operational Hyperloop system, allowing passengers traveling involving the emirates in pods at 1,200 km per hour. The project’s goal is always 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 rendering it an easy journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to improve as its population grows every year 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.Two 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. Town can also be recognized for its wide selection of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making certain there’s plenty to complete for the children, families, visitors and singles.
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