Below are a few causes of investors to consider committing to the Dubai real estate 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 that are buying Dubai properties for rent ahead of the Expo will receive a higher roi. The Expo’s duration is 6 months and countless visitors will need to rent property. The rental demand will probably be high, enabling landlords the flexibility to improve rents.
Dubai seeks being happiest city on the planet
In 2016 The Ministry of Happiness was made in Dubai with primary aim to develop programmes and policies to boost the benefits amounts of Dubai’s residents, that has been well accepted through the public.
High ROI for Dubai investors
Dubai’s market is maturing since the city’s population is increasing each year using 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 provide the rise 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 real-estate projects is really 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 expected to increase 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 website visitors to feel 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 answers to the top three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of safety factors are an important benefit of buying property in Dubai as it is one among the safest havens for investors and end-users. The crime minute 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 most of the countries around the globe where taxes are incredibly high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% from 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 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 the emirates in pods at 1,200 km hourly. The project’s goal would be 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 which makes it a straightforward journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to boost as its 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 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 then one of your kind entertainment and nightlife. The town is also noted for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence in the metropolis Dubai; making certain there’s plenty to complete for the children, families, visitors and singles.
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