Below are a few reasons behind investors to take into account investing in 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 that are buying Open House in Dubai before the Expo will receive a high roi. The Expo’s duration is 6 months and an incredible number of visitors should rent property. The rental demand will be high, enabling landlords the flexibleness to boost rents.
Dubai seeks to get happiest city in the world
In 2016 The Secretary of state for Happiness was made in Dubai with primary aim to develop programmes and policies to boost the time saving benefits levels of Dubai’s residents, which was well received from the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing because the city’s inhabitants are increasing each year with the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors conscious of the growing demographic are wisely purchasing property to provide the rise 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 making of new hotels and real estate projects can be a direct consequence of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while from 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 into the future allows visitors to feel 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 focus on answers to the top three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety factors are a major good thing about buying property in Dubai as it is one among the safest havens for both investors and end-users. The crime minute 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 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 many 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 launch the world’s first operational Hyperloop system, allowing passengers to travel 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 has also expanded their routes making it a straightforward journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to boost as its 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 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 your kind entertainment and nightlife. The city is also known for its wide range of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; making sure there is certainly plenty to do for the children, families, visitors and singles.
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