Below are a few reasons for investors to take into account investing in the Dubai property sector:
Expo 2020 is coming to Dubai
Dubai is hosting the next 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’re buying Hamptons International before the Expo will receive a high return on your investment. The Expo’s duration is six months and countless visitors will have to rent property. The rental demand will probably be high, enabling landlords the flexibility to improve rents.
Dubai seeks to become happiest city on the planet
In 2016 The Secretary of state for Happiness was made in Dubai with primary try to develop programmes and policies to improve the benefits degrees of Dubai’s residents, that has been appreciated from the public.
High ROI for Dubai investors
Dubai’s market is maturing because the city’s inhabitants are increasing every year with the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors aware of the growing demographic are wisely purchasing property to supply the boost in rent demand.
Tourism in Dubai booming
A number of the main elements of Dubai’s economy incorporates tourism, trade, business services and real-estate. The making of new hotels and real estate projects is 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 quantity of visitors is expected to improve by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum of the Future
The Museum for the future allows website visitors to go through the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and gives advanced courses on new scientific achievements and trends. The museum will concentrate on methods to the most notable three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of aspects a significant good thing about buying property in Dubai as it is considered one of the safest havens both for investors and end-users. The crime 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 the majority of the countries around the globe where taxes are incredibly high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, making UAE where you can among the 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 file for 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 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 rendering 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 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 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 the kind entertainment and nightlife. Town is also known for its wide array of gourmet restaurants and worlds renowned brands all have presence in the metropolis Dubai; ensuring that there is certainly plenty to do for both the children, families, visitors and singles.
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