Below are a few reasons behind investors to take into account investing the Dubai property sector:
Expo 2020 is due 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 Villa for rent in Dubai before the Expo will get a top return on investment. The Expo’s duration is half a year and countless visitors will need to rent property. The rental demand will be high, enabling landlords the flexibility to improve rents.
Dubai seeks to become happiest city on earth
In 2016 The Ministry of Happiness was created in Dubai with primary try to develop programmes and policies to boost the benefits degrees of Dubai’s residents, which was well accepted from the public.
High ROI for Dubai investors
Dubai’s market is maturing as the city’s population is increasing annually with 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 produce 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 construction 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 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 people to go through the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will concentrate on methods to the top three challenges emerging from climatic 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 as it is one among the safest havens 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 very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the people in this country, making UAE home to among the world’s highest area 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 travel between the emirates in pods at 1,200 km per 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 also expanded their routes which makes it an easy journey for Dubai visitors and residents.
Dubai’s population is 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.Two 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 noted for its wide range of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; making certain there’s plenty to do for both the children, families, visitors and singles.
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