Here are a few reasons behind investors to consider 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 are buying New Project in Dubai before the Expo will get a high return on your investment. The Expo’s duration is six months and an incredible number of visitors will have to rent property. The rental demand will be high, enabling landlords the flexibility to boost rents.
Dubai seeks to get happiest city on the planet
In 2016 The Ministry of Happiness was created in Dubai with primary make an effort to develop programmes and policies to boost the benefits amounts of Dubai’s residents, that has been well received from the public.
High ROI for Dubai investors
Dubai’s housing market is maturing as the city’s population is increasing annually with all the numbers from Dubai Statistics Department marking 2,885,818 about the population clock. Investors aware 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 property. 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 expected to increase by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum for the future
The Museum for the future allows visitors to go through the future through cutting-edge simulations and interactive exhibits. The museum should include scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will give attention to solutions to the most notable three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety is a major benefit of buying property in Dubai as it is one among the safest havens for both 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 extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the people in this country, making UAE home to among the world’s highest percentage 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 traveling between the 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 human 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.Two 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. Town can also be noted for its wide range of gourmet restaurants and worlds renowned brands all have presence in the metropolis Dubai; making certain there is certainly plenty to do for both the children, families, visitors and singles.
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