Here are some reasons behind investors to take into account investing in the Dubai property sector:
Expo 2020 is coming to Dubai
Dubai is hosting the next 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’re buying sell dubai apartment prior to the Expo will receive a high return on investment. The Expo’s duration is half a year and millions of visitors will have to rent property. The rental demand will be high, enabling landlords the pliability to boost rents.
Dubai seeks to get happiest city on the planet
In 2016 The Secretary of state for Happiness was made in Dubai with primary make an effort to develop programmes and policies to improve the benefits levels of Dubai’s residents, that has been well accepted through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing since the city’s human population is increasing every year using the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors conscious of the growing demographic are wisely purchasing property to provide the boost in rent demand.
Tourism in Dubai booming
A few of the main areas of Dubai’s economy incorporates tourism, trade, business services and real-estate. The construction 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 through the same period in 2016 it was recorded 10,77 mil. The amount 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 includes scientific conferences and gives advanced courses on new scientific achievements and trends. The museum will concentrate on solutions to the very best three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of aspects a major advantage of buying property in Dubai since it is considered one of the safest havens for investors and end-users. The crime 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 a lot of the countries around the world where taxes are very high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE home to one of many world’s highest area 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 traveling between your emirates in pods at 1,200 km each hour. 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 additionally expanded their routes making it an easy journey for Dubai visitors and residents.
Dubai’s population is growing
Property project launches in Dubai are estimated to improve as its population grows annually 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.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 your kind entertainment and nightlife. Town can also be known for its wide selection of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; ensuring that there is certainly plenty to do for both the children, families, visitors and singles.
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