Below are a few reasons for investors to consider investing in the Dubai property 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 from the Expo in Dubai has boosted the off-plan property sector. Investors who are buying how to buy dubai property ahead of the Expo will receive a top return on your investment. The Expo’s duration is 6 months and countless visitors will need to rent property. The rental demand is going to be high, enabling landlords the pliability to improve rents.
Dubai seeks to get happiest city on earth
In 2016 The Ministry of Happiness was developed in Dubai with primary aim to develop programmes and policies to enhance the time saving benefits levels of Dubai’s residents, that was well accepted 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 provide the rise 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 real-estate projects is a direct results 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 website visitors to feel the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will concentrate on solutions to the most notable 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 good thing about buying property in Dubai as it is an example of 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 the majority of the countries around the globe where taxes are extremely high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% of the people in this country, making UAE the place to find one of 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 file for 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 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 inhabitants are growing
Property project launches in Dubai are estimated to increase since it’s population grows each 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 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and one of the kind entertainment and nightlife. Town is also known for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence within the metropolis Dubai; making certain there is certainly plenty to complete for both the children, families, visitors and singles.
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