Below are a few reasons behind investors to take into account investing in the Dubai property sector:
Expo 2020 is coming to 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’re buying Dubai properties for rent before the Expo get a high roi. The Expo’s duration is six months and countless visitors will have to rent property. The rental demand is going to be high, enabling landlords the flexibility to boost rents.
Dubai seeks to become happiest city on the planet
In 2016 The Ministry of Happiness was created in Dubai with primary try to develop programmes and policies to improve the happiness degrees of Dubai’s residents, which was appreciated by the public.
High ROI for Dubai investors
Dubai’s market is maturing since the city’s human population is increasing each year with 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 produce the increase 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 construction 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 through the same period in 2016 it absolutely was recorded 10,77 mil. The number of visitors is predicted 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 visitors to experience the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will concentrate on methods to the top three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The experience of aspects a major benefit of buying property in Dubai since it is considered one of the safest havens both for investors and end-users. The crime rates are lowest in the world.
0% income and company tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from the majority of the countries world wide where taxes are extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE the place to find one of the world’s highest number 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 traveling involving 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 additionally expanded their routes making it an easy journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to increase since it’s 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 your kind entertainment and nightlife. The town can also be noted for its wide range of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making certain there is certainly plenty to accomplish for the children, families, visitors and singles.
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