Here are some reasons for investors to consider investing the Dubai property 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 Hamptons International ahead of the Expo will get a top return on investment. The Expo’s duration is half a year and millions of visitors should rent property. The rental demand is going to be high, enabling landlords the flexibility to improve rents.
Dubai seeks to become happiest city in the world
In 2016 The Secretary of state for Happiness was made in Dubai with primary make an effort to develop programmes and policies to boost the benefits amounts of Dubai’s residents, that has been appreciated by the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing because the city’s inhabitants are increasing every year using the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors mindful of the growing demographic are wisely purchasing property to provide the increase in rent demand.
Tourism in Dubai booming
A few of the main areas of Dubai’s economy incorporates tourism, trade, business services and real estate. The building 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 had been recorded 10,77 mil. The amount of visitors is expected 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 experience the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and gives advanced courses on new scientific achievements and trends. The museum will focus on methods to the very best three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of aspects a significant advantage of buying property in Dubai since 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 a lot of the countries around the world where taxes are incredibly high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of 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 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 to travel 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 has additionally expanded their routes which makes it a straightforward journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to improve as its population grows annually which is guaranteeing high ROI for investors. The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and definately 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 can be recognized for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence within the metropolis Dubai; making sure there is plenty to accomplish for both the children, families, visitors and singles.
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