Here are a few reasons for investors to consider investing in the Dubai real estate sector:
Expo 2020 is due 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 New Project in Dubai prior to the Expo will get a high roi. The Expo’s duration is six months and countless visitors will have to rent property. The rental demand is going to 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 created in Dubai with primary aim to develop programmes and policies to boost the happiness degrees of Dubai’s residents, that was appreciated through the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s population is increasing each year with all the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors conscious of the growing demographic are wisely purchasing property to supply the boost in rent demand.
Tourism in Dubai booming
A number of the main areas of Dubai’s economy incorporates tourism, trade, business services and property. The construction of new hotels and property 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 absolutely was 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 of the Future
The Museum for the future allows visitors to go through the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will give attention to answers to the top three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety is a significant benefit of buying property in Dubai as it is one among the safest havens for investors and end-users. The crime rates are lowest on earth.
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 world where taxes are extremely high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE home to one of the world’s highest number of immigrants.
Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop One 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 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 has additionally expanded their routes which makes it a simple journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to increase becasue it is population grows every 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 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 a kind entertainment and nightlife. Town is also recognized for its wide range of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making certain there is certainly plenty to complete for the children, families, visitors and singles.
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