Below are a few reasons for investors to consider investing 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 from the Expo in Dubai has boosted the off-plan property sector. Investors that are buying dubai flat for sale prior to the Expo will get a higher return on investment. The Expo’s duration is 6 months and countless visitors should rent property. The rental demand will probably be high, enabling landlords the pliability to increase rents.
Dubai seeks to become happiest city in the world
In 2016 The Ministry of Happiness was developed in Dubai with primary aim to develop programmes and policies to improve the time saving benefits amounts of Dubai’s residents, that has been appreciated through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing because the city’s population is increasing each year with the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors conscious of the growing demographic are wisely purchasing property to produce the increase 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 building of new hotels and real estate projects can be a direct results of Dubai’s growing tourism industry. By October 2017 Dubai recorded 11.58 mil visitors, while through the same period in 2016 it was recorded 10,77 mil. The number of visitors is predicted to boost 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 visitors to experience 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 most notable three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
The experience of aspects a significant good thing about buying property in Dubai as 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 corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from the majority of the countries around the world where taxes are incredibly high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% from the people in this country, making UAE the place to find 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 produce the world’s first operational Hyperloop system, allowing passengers to visit between your emirates in pods at 1,200 km each hour. The project’s goal is 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 making it a straightforward journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to increase since it’s 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 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 and something of your kind entertainment and nightlife. The town is also recognized for its wide range of gourmet restaurants and worlds renowned brands have the ability to presence inside the metropolis Dubai; ensuring that there is certainly plenty to complete for the children, families, visitors and singles.
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