Below are a few reasons behind investors to take into account 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 from the Expo in Dubai has boosted the off-plan property sector. Investors that are buying buy office in dubai before the Expo will receive a high roi. 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 flexibility to improve rents.
Dubai seeks being happiest city on the planet
In 2016 The Secretary of state for Happiness was developed in Dubai with primary aim to develop programmes and policies to improve the happiness levels of Dubai’s residents, that was well received by the public.
High ROI for Dubai investors
Dubai’s housing market is maturing because the city’s inhabitants are increasing annually with all the numbers from Dubai Statistics Department marking 2,885,818 on the population clock. Investors aware of the growing demographic are wisely purchasing property to supply the rise 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 building 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 by the same period in 2016 it was recorded 10,77 mil. The amount of visitors is predicted to increase by 2020 to 25 mil yearly.
Source Business Intelligence & Reporting – Department of Tourism and Commerce Marketing – Dubai
The Museum of the Future
The Museum into the future allows website visitors to experience the future through cutting-edge simulations and interactive exhibits. The museum includes scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will give attention to methods to the top three challenges emerging from climate change: water supply, food security and self-sufficient cities.
Low crime rate
The sense of safety is a major benefit of 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 company tax
Dubai’s policy of no income or corporate taxes attracts many investors and residents from the majority of the countries around the globe where taxes are very high. The UAE is home to over 200 nationalities, and Emiratis constitute roughly 10% from the total population, making UAE home to one of the world’s highest number 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 launch the world’s first operational Hyperloop system, allowing passengers to visit between the emirates in pods at 1,200 km per hour. The project’s goal is 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 rendering 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 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 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. The city can also be noted for its wide selection of gourmet restaurants and worlds renowned brands have the ability to presence within the metropolis Dubai; making sure there is certainly plenty to do for both the children, families, visitors and singles.
For additional information about Property for sale in dubai check out the best web portal