Here are a few reasons behind investors to take into account committing to the Dubai property sector:
Expo 2020 is due Dubai
Dubai is hosting the subsequent 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 Top Real Estate agent in Dubai prior to the Expo will receive a top return on investment. The Expo’s duration is half a year and countless visitors will have to rent property. The rental demand will be high, enabling landlords the pliability to increase rents.
Dubai seeks to become happiest city on earth
In 2016 The Ministry of Happiness was created in Dubai with primary aim to develop programmes and policies to enhance the happiness levels of Dubai’s residents, which was appreciated by the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s population is increasing every year with all the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors aware of the growing demographic are wisely purchasing property to supply the boost in rent demand.
Tourism in Dubai booming
Some 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 really a direct results 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 number of visitors is anticipated 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 into the future allows people to go through the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and provide advanced courses on new scientific achievements and trends. The museum will focus on answers to the very best three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of aspects an important good thing about buying property in Dubai because it is considered one of the safest havens for both investors and end-users. The crime rates are lowest on the planet.
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 world wide where taxes are incredibly high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% of the people in this country, making UAE where you can among the world’s highest percentage 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 launch the world’s first operational Hyperloop system, allowing passengers to visit involving the emirates in pods at 1,200 km hourly. 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 in addition has expanded their routes which makes it a straightforward journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to boost becasue it is population grows every year which can be 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 and one of the kind entertainment and nightlife. The city is also noted for its wide range of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; ensuring that there is certainly plenty to do for the children, families, visitors and singles.
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