Here are a few causes of investors to consider investing the Dubai real estate sector:
Expo 2020 is due Dubai
Dubai is hosting the next 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 villa for sale in uae before the Expo get a top roi. The Expo’s duration is 6 months and an incredible number of visitors will have to rent property. The rental demand will be high, enabling landlords the flexibility to increase rents.
Dubai seeks to get happiest city on the planet
In 2016 The Secretary of state for Happiness was created in Dubai with primary aim to develop programmes and policies to improve the happiness degrees of Dubai’s residents, which was well accepted through the public.
High ROI for Dubai investors
Dubai’s market is maturing as the city’s population is increasing each year with 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 supply the boost in rent demand.
Tourism in Dubai booming
A number of the main areas of Dubai’s economy incorporates tourism, trade, business services and real estate. The building of new hotels and real estate 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 was recorded 10,77 mil. The number 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 of the Future
The Museum into the future allows visitors to experience the future through cutting-edge simulations and interactive exhibits. The museum should 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 climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of aspects an important advantage of buying property in Dubai because 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 most of the countries around the world where taxes are very high. The UAE hosts over 200 nationalities, and Emiratis constitute roughly 10% with the total population, making UAE home to one of the world’s highest percentage 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 file for the world’s first operational Hyperloop system, allowing passengers to visit involving the emirates in pods at 1,200 km per 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 an easy journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to improve becasue it is 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 then one of a kind entertainment and nightlife. Town is also recognized for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence within the metropolis Dubai; making certain there is plenty to complete for the children, families, visitors and singles.
For additional information about rent a property in dubai see this site