Here are some reasons for investors to take into account investing the Dubai real estate sector:
Expo 2020 is coming to Dubai
Dubai is hosting the subsequent 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 who’re buying Top Real Estate agent in Dubai prior to the Expo get a high return on your investment. The Expo’s duration is 6 months and millions of visitors will have to rent property. The rental demand will be high, enabling landlords the pliability to increase rents.
Dubai seeks being happiest city on earth
In 2016 The Ministry of Happiness was developed in Dubai with primary aim to develop programmes and policies to boost the time saving benefits degrees of Dubai’s residents, that has been appreciated by the public.
High ROI for Dubai investors
Dubai’s market is maturing since the city’s population is increasing annually using the numbers from Dubai Statistics Department marking 2,885,818 about the population clock. Investors conscious of the growing demographic are wisely purchasing property to provide the boost in rent demand.
Tourism in Dubai booming
Some of the main parts of Dubai’s economy incorporates tourism, trade, business services and property. The making 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 from the same period in 2016 it had been recorded 10,77 mil. The number of visitors is expected to increase by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum of the Future
The Museum into the future allows website visitors to experience 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 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 factors are a major advantage of buying property in Dubai because it is one among the safest havens for investors and end-users. The crime rates are lowest on the planet.
0% income and company 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 is home to over 200 nationalities, and Emiratis constitute roughly 10% of the people in this country, making UAE the place to find one of many 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 produce the world’s first operational Hyperloop system, allowing passengers to visit between your emirates in pods at 1,200 km hourly. The project’s goal would be 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 rendering it an easy 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 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 will reach 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and one of a kind entertainment and nightlife. The town is also recognized for its wide array of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; making certain there’s plenty to complete for the children, families, visitors and singles.
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