Below are a few causes of investors to think about committing to 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 of the Expo in Dubai has boosted the off-plan property sector. Investors who are buying villa for sale in uae 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 improve rents.
Dubai seeks being happiest city on the planet
In 2016 The Secretary of state for Happiness was developed in Dubai with primary try to develop programmes and policies to boost the time saving benefits amounts of Dubai’s residents, which was well accepted from the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s inhabitants are increasing every year using 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 provide the rise 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 building of new hotels and real-estate projects can be 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 was recorded 10,77 mil. The amount of visitors is predicted to increase 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 focus on solutions to the top three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of aspects a major good thing about buying property in Dubai because it is an example of the safest havens for both 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 a lot of the countries world wide where taxes are extremely high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE home to one of many world’s highest number of immigrants.
Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop The first 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 traveling between your 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 which makes it a simple journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to increase since it’s population grows annually 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 definately will 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 a kind entertainment and nightlife. The city is also known for its wide range of gourmet restaurants and worlds renowned brands all have presence in the metropolis Dubai; ensuring that there is plenty to accomplish for the children, families, visitors and singles.
Check out about Open House in Dubai see this web portal