Below are a few reasons behind investors to consider investing in the Dubai property sector:
Expo 2020 is due Dubai
Dubai is hosting the subsequent 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 are buying rent a property in dubai before the Expo will receive a high roi. The Expo’s duration is half a year and countless visitors will have to rent property. The rental demand will be high, enabling landlords the flexibility to boost rents.
Dubai seeks to get happiest city on earth
In 2016 The Ministry of Happiness was created in Dubai with primary make an effort to develop programmes and policies to enhance the happiness amounts of Dubai’s residents, that was well received from the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing since the city’s human population is increasing each 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 produce the increase in rent demand.
Tourism in Dubai booming
A few of the main elements of Dubai’s economy incorporates tourism, trade, business services and real-estate. The making of new hotels and property 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 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 website visitors 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 focus on answers to the top three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety factors are an important good thing about buying property in Dubai as it is an example of the safest havens both for investors and end-users. The crime rates are lowest on the planet.
0% income and company 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 houses over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE where you can one of the world’s highest number 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 between the 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 has additionally expanded their routes which makes it a straightforward 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 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.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. Town is also known for its wide selection of gourmet restaurants and worlds renowned brands all have presence within the metropolis Dubai; making certain there is plenty to accomplish for the children, families, visitors and singles.
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