Here are a few causes of investors to consider committing to 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 of the Expo in Dubai has boosted the off-plan property sector. Investors who are buying Property Valuations in Dubai prior to the Expo get a higher return on your investment. The Expo’s duration is half a year and countless visitors will need to rent property. The rental demand will probably be high, enabling landlords the flexibility to boost rents.
Dubai seeks to become happiest city in the world
In 2016 The Ministry of Happiness was created in Dubai with primary aim to develop programmes and policies to enhance the time saving benefits amounts of Dubai’s residents, which was well accepted from the public.
High ROI for Dubai investors
Dubai’s market is maturing since the city’s population is increasing annually with the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors aware of the growing demographic are wisely purchasing property to supply the boost in rent demand.
Tourism in Dubai booming
Some of the main areas of Dubai’s economy incorporates tourism, trade, business services and real-estate. The building of new hotels and property projects is really a direct results 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 number of visitors is expected to improve 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 people 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 very best three challenges emerging from global warming: water supply, food security and self-sufficient cities.
Low crime rate
A feeling of safety factors are a significant good thing about buying property in Dubai as it is one among the safest havens both for investors and end-users. The crime rates are lowest on the planet.
0% income and corporate tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from the majority of the countries world wide where taxes are very high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% with the total population, making UAE where you can among the world’s highest percentage 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 traveling between your emirates in pods at 1,200 km per hour. The project’s goal is always 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 in addition has expanded their routes rendering it a straightforward journey for Dubai visitors and residents.
Dubai’s inhabitants are growing
Property project launches in Dubai are estimated to improve since it’s population grows each 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 5.2 million by 2030.
Gourmet restaurants, entertainment
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving, water parks and one of your kind entertainment and nightlife. The town can also be known for its wide selection of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making certain there is plenty to complete for both the children, families, visitors and singles.
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