Here are some causes of investors to take into account investing in the Dubai real estate sector:
Expo 2020 is coming to Dubai
Dubai is hosting the subsequent 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’re buying Property Management in Dubai prior to the Expo get a top return on your investment. 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 increase rents.
Dubai seeks to get happiest city in the world
In 2016 The Ministry of Happiness was made in Dubai with primary aim to develop programmes and policies to enhance the time saving benefits levels of Dubai’s residents, that has been well received through the public.
High ROI for Dubai investors
Dubai’s real estate market is maturing as the city’s inhabitants are increasing every year with the numbers from Dubai Statistics Department marking 2,885,818 about 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 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 can be 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 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 into the future
The Museum into the future allows website visitors to go through 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 methods to the very best three challenges emerging from climatic change: water supply, food security and self-sufficient cities.
Low crime rate
The experience of aspects a significant advantage of buying property in Dubai because it is considered one of the safest havens for both investors and end-users. The crime rates are lowest in the world.
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 world where taxes are incredibly high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the people in this country, making UAE where you can among the world’s highest number of immigrants.
Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop You are 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 your 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 making it an easy journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to boost since it’s population grows each year which can be guaranteeing high ROI for investors. The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and will reach 5.2 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 city can be noted for its wide array of gourmet restaurants and worlds renowned brands have the ability to presence within the metropolis Dubai; ensuring that there’s plenty to complete for both the children, families, visitors and singles.
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