Here 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 from the Expo in Dubai has boosted the off-plan property sector. Investors who’re buying how to rent a property in dubai prior to the Expo will get a top return on investment. The Expo’s duration is half a year and millions of visitors will need to rent property. The rental demand will be high, enabling landlords the flexibility to increase rents.
Dubai seeks to get happiest city on earth
In 2016 The Ministry of Happiness was made in Dubai with primary try to develop programmes and policies to boost the benefits levels of Dubai’s residents, which was well accepted through the public.
High ROI for Dubai investors
Dubai’s market is maturing because the city’s inhabitants are increasing every year using the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors conscious of the growing demographic are wisely purchasing property to produce the boost in rent demand.
Tourism in Dubai booming
A few of the main parts of Dubai’s economy incorporates tourism, trade, business services and real estate. The making 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 from the same period in 2016 it was recorded 10,77 mil. The amount of visitors is predicted 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 visitors to go through the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will focus on answers to the top three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The experience of safety factors are an important benefit of buying property in Dubai as it is an example of the safest havens for 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 the majority of the countries world wide where taxes are extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the total population, making UAE where you can one of many world’s highest number 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 traveling between 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 has also 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 as its population grows annually which 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 the kind entertainment and nightlife. The city can also be recognized for its wide range of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making certain there is plenty to complete for the children, families, visitors and singles.
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