Here are a few reasons for investors to consider investing in the Dubai real-estate sector:
Expo 2020 is due Dubai
Dubai is hosting the following 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’re buying Apartment for sale in Dubai ahead of the Expo will get a top return on investment. The Expo’s duration is 6 months and millions of visitors will need to rent property. The rental demand is going to be high, enabling landlords the pliability to boost rents.
Dubai seeks to become 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 happiness amounts of Dubai’s residents, that was well received from the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s population is increasing each year with all 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 boost in rent demand.
Tourism in Dubai booming
A number 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 is really a direct results 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 anticipated 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 people to go through the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will concentrate on methods to the most notable three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of safety factors are a significant benefit of buying property in Dubai as it is an example of the safest havens for investors and end-users. The crime minute rates are lowest on earth.
0% income and corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from most of the countries world wide where taxes are very high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% with the total population, making UAE where you can one of many 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 to travel between the emirates in pods at 1,200 km hourly. The project’s goal is always 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 rendering it a straightforward journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to increase becasue it is population grows each year that 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 a kind entertainment and nightlife. The city is also known for its wide array of gourmet restaurants and worlds renowned brands have the ability to presence in the metropolis Dubai; making sure there’s plenty to accomplish for the children, families, visitors and singles.
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