Here are a few reasons for investors to take into account investing 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 that are buying selling property in dubai before the Expo get a top return on investment. The Expo’s duration is six months and millions of visitors should rent property. The rental demand will be high, enabling landlords the flexibleness 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 boost the time saving benefits amounts of Dubai’s residents, that was well received through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing as the city’s human population is increasing each year with all the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors conscious of the growing demographic are wisely purchasing property to supply the boost in rent demand.
Tourism in Dubai booming
A few of the main parts of Dubai’s economy incorporates tourism, trade, business services and property. The making of new hotels and real-estate projects can be a direct result 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 expected to boost by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum of the Future
The Museum of the Future allows people to go through the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will give attention to answers to the very best 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 advantage of buying property in Dubai because it is one among the safest havens for investors and end-users. The crime minute 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 globe where taxes are incredibly high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE where you can 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 launch the world’s first operational Hyperloop system, allowing passengers to visit involving the emirates in pods at 1,200 km per 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 also expanded their routes making it an easy journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to improve since it’s 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.Two million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and something of your kind entertainment and nightlife. Town can also be recognized for its wide array of gourmet restaurants and worlds renowned brands have the ability to presence within the metropolis Dubai; ensuring that there’s plenty to complete for both the children, families, visitors and singles.
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