Here are a few reasons for investors to think about investing in 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 with the Expo in Dubai has boosted the off-plan property sector. Investors who are buying Apartment for rent in Dubai before the Expo will get a high roi. The Expo’s duration is six months and countless visitors should rent property. The rental demand is going to be high, enabling landlords the flexibility to boost rents.
Dubai seeks to get happiest city on the planet
In 2016 The Secretary of state for Happiness was created in Dubai with primary try to develop programmes and policies to enhance the happiness degrees of Dubai’s residents, that has been well accepted by the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing because the city’s human population is increasing each year with the numbers from Dubai Statistics Department marking 2,885,818 about the population clock. Investors conscious of the growing demographic are wisely purchasing property to provide the increase in rent demand.
Tourism in Dubai booming
A number of the main elements of Dubai’s economy incorporates tourism, trade, business services and real estate. The building of new hotels and real estate projects is 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 had been recorded 10,77 mil. The amount of visitors is expected 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 visitors to feel the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will give attention to methods to the very best three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are a major benefit of buying property in Dubai since it is one among the safest havens both for investors and end-users. The crime rates are lowest on earth.
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 around the globe where taxes are incredibly high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE home to one of the world’s highest area 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 produce the world’s first operational Hyperloop system, allowing passengers to travel involving the emirates in pods at 1,200 km hourly. 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 has additionally expanded their routes which makes it a straightforward journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to improve as its population grows every year which is guaranteeing high ROI for investors. The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and will 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 something of the kind entertainment and nightlife. The town can also be known for its wide range of gourmet restaurants and worlds renowned brands all have presence in the metropolis Dubai; making certain there’s plenty to do for the children, families, visitors and singles.
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