Here are some causes of investors to take into account investing in the Dubai property 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 buying property in dubai before the Expo will receive a higher roi. The Expo’s duration is six months and countless visitors should rent property. The rental demand will be high, enabling landlords the flexibleness to increase rents.
Dubai seeks to get happiest city on earth
In 2016 The Secretary of state for Happiness was created in Dubai with primary make an effort to develop programmes and policies to boost the time saving benefits amounts of Dubai’s residents, that was appreciated from the public.
High ROI for Dubai investors
Dubai’s market is maturing as the city’s human population is increasing each year with all 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 increase 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 construction of new hotels and property projects is 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 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 of the Future
The Museum for the future allows website 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 solutions to the most notable three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of aspects a significant advantage of buying property in Dubai as it is considered one of the safest havens for both 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 the majority of the countries around the world where taxes are extremely high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE the place to find one of the 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 your 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 also expanded their routes rendering it an easy journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to increase as its population grows annually 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 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and something of the kind entertainment and nightlife. The town can be recognized for its wide selection of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making sure there is certainly plenty to complete for the children, families, visitors and singles.
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