Below are a few causes of investors to take into account investing 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 of the Expo in Dubai has boosted the off-plan property sector. Investors who are buying buy office in dubai before the Expo get a higher return on investment. The Expo’s duration is 6 months and millions of visitors will have to rent property. The rental demand will probably be high, enabling landlords the flexibility to improve rents.
Dubai seeks to get happiest city on the planet
In 2016 The Secretary of state for Happiness was created in Dubai with primary aim to develop programmes and policies to enhance the time saving benefits levels of Dubai’s residents, that was appreciated from the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s inhabitants are 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 elements of Dubai’s economy incorporates tourism, trade, business services and property. 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 from the same period in 2016 it was recorded 10,77 mil. The number of visitors is predicted to increase 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 experience the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will focus on methods to the top three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are a major benefit of buying property in Dubai because it is an example of the safest havens both for investors and end-users. The crime rates are lowest on earth.
0% income and company tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from most of the countries around the globe where taxes are incredibly high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, making UAE the place to find 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 produce the world’s first operational Hyperloop system, allowing passengers traveling between the emirates in pods at 1,200 km each hour. 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 in addition has expanded their routes making it a straightforward journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to improve as its 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 then one of a kind entertainment and nightlife. The city can be noted for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence in the metropolis Dubai; making sure there’s plenty to complete for the children, families, visitors and singles.
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