Here are a few reasons behind investors to consider committing to the Dubai real estate sector:
Expo 2020 is due 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 selling property in dubai before the Expo will get a higher return on investment. The Expo’s duration is 6 months and millions of visitors will have to rent property. The rental demand is going to be high, enabling landlords the flexibleness to increase rents.
Dubai seeks being happiest city on earth
In 2016 The Secretary of state for Happiness was developed in Dubai with primary aim to develop programmes and policies to enhance the time saving benefits amounts of Dubai’s residents, which was well received by the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s population is 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 supply 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 property projects can be a direct result of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while by the same period in 2016 it had been recorded 10,77 mil. The number of visitors is anticipated to boost 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 people to feel 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 give attention to answers to the most notable three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety is a major advantage of buying property in Dubai since it is considered one of the safest havens both for investors and end-users. The crime minute 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 a lot of the countries world wide where taxes are incredibly high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, making UAE where you can one of the world’s highest area 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 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 making it a simple journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to increase becasue it is population grows every 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. The town is also recognized for its wide range of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; ensuring that there is certainly plenty to accomplish for the children, families, visitors and singles.
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