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 with the Expo in Dubai has boosted the off-plan property sector. Investors who are buying Buy villa in dubai ahead of the Expo will receive a high return on investment. The Expo’s duration is 6 months and an incredible number of visitors will have to rent property. The rental demand will probably be high, enabling landlords the flexibleness to improve rents.
Dubai seeks being happiest city on earth
In 2016 The Secretary of state for Happiness was created in Dubai with primary aim to develop programmes and policies to boost the happiness amounts of Dubai’s residents, that was well received through the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s human population is increasing annually with the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors mindful of the growing demographic are wisely purchasing property to produce the rise in rent demand.
Tourism in Dubai booming
A number 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 can be a direct consequence of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while by the same period in 2016 it was recorded 10,77 mil. The amount of visitors is predicted to improve by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum for the future
The Museum of the Future allows visitors to experience 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 focus on methods to the very best three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety factors are a significant advantage of buying property in Dubai because it is considered one of the safest havens both for investors and end-users. The crime minute rates are lowest in the world.
0% income and corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from a lot of the countries around the globe where taxes are very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of the people in this country, 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 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 between your emirates in pods at 1,200 km each hour. 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 additionally expanded their routes rendering it a straightforward journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to improve 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 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 the kind entertainment and nightlife. The city can be known for its wide selection of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making sure there’s plenty to do for the children, families, visitors and singles.
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