Here are some reasons behind investors to take into account committing to the Dubai property 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 of the Expo in Dubai has boosted the off-plan property sector. Investors that are buying sell dubai apartment prior to the Expo will get a higher return on investment. The Expo’s duration is half a year and countless visitors will have to rent property. The rental demand will probably be high, enabling landlords the pliability to increase rents.
Dubai seeks to get happiest city on the planet
In 2016 The Ministry of Happiness was developed in Dubai with primary aim to develop programmes and policies to boost the time saving benefits amounts of Dubai’s residents, that has been well accepted through the public.
High ROI for Dubai investors
Dubai’s housing market is maturing because the city’s inhabitants are increasing each year with the numbers from Dubai Statistics Department marking 2,885,818 around the population clock. Investors mindful of the growing demographic are wisely purchasing property to supply the increase in rent demand.
Tourism in Dubai booming
Some of the main elements of Dubai’s economy incorporates tourism, trade, business services and real-estate. The making of new hotels and real-estate 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 quantity of visitors is predicted to improve 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 go through the future through cutting-edge simulations and interactive exhibits. The museum will include 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 major good thing about buying property in Dubai because it is considered one of the safest havens both 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 world where taxes are incredibly high. The UAE houses over 200 nationalities, and Emiratis constitute roughly 10% of the total population, making UAE the place to find 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 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 has also expanded their routes rendering it an easy journey for Dubai visitors and residents.
Dubai’s human population is growing
Property project launches in Dubai are estimated to improve becasue it is population grows every 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 definately 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 something of the kind entertainment and nightlife. Town is also noted for its wide array of gourmet restaurants and worlds renowned brands all have presence inside the metropolis Dubai; making sure there is certainly plenty to complete for both the children, families, visitors and singles.
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