Many people always ask themselves the big question ”Why Invest In Dubai?” So today we are going to try and give our answer and experience on why Dubai is one of THE best places to invest in.
Dubai is one of the greatest Cities in the world and not many people know how to invest here or how the process work. We are here to talk about a few reasons on why NOW is the time to secure an investment or if you are also looking to move to Dubai. Dubai is know for many Landmarks which help put this amazing country on the radar for investors and tourism, The Burj Khalifa and Burj Al Arab and the Palm Jumeirah, the 8th Wonder of the World. These to Landmarks and developments are among the most popular googled subjects in the world. As well as having these spectacular developments, there are many other things on what made Dubai the hottest place to invest your money.
Below we have made it into 10 reason on why to invest in Dubai.
Expo 2020 is coming to Dubai
Dubai will be hosting one of THE biggest business events, The World Expo which will be in October 2020. The Expo itself will attract approximately 26 million visitors from 180 nations. Since they announced this amazing news, Dubai has boosted its off-plan development sector. Investers and now targeting specific propject in Dubai near where the world Epo will be taking place as this will give them a high return on investment. The Expo itself will be on for 6 months which will bring in so much rental demand, enabling landlords to chance to increase rent and get an even higher return on investment.
Dubai seeks to become happiest city in the world
Dubai created the Ministry of Happiness in 2016. The primary duty of this ministry is to develop programmes and policies to improve the happiness levels of Dubai’s residents.Dubai is also one of the safest cities in the world. This is something that is truly an achievement in itself. We have seen people leaves their cars running, go and do 5-10 even 30 minute shop and come back to their running car.
High ROI (return on investment)
Dubai’s real estate market is maturing and growing very quickly as the population in this amazing city increases year by year. Investors who are aware of the growth and development in the city are wisely securing property which will boost the rental demand.
Dubai’s tourism industry is booming
Dubai’s economy incorporates tourism, trade, business services and other industries. The construction of new hotels and real estate projects is a direct result of Dubai’s growing tourism industry. There are so many famous tourism attractions already in Dubai. Every year, ther is amn increase in tourism travelling to Dubai. Tourism project and Landmarks are getting build continuously which will in fact bring more and more tourism in to Dubai which will then boost economy and again boost High ROI.
The Museum of the Future
The Museum of the Future allows visitors to experience the future through cutting-edge simulations and interactive exhibits. The museum will include scientific conferences and offer advanced courses on new scientific achievements and trends. The museum will focus on solutions to the top three challenges emerging from climate change: water supply, food security and self-sufficient cities.
One of the safest Cities in the World
The sense of safety is a major advantage of buying property in Dubai. Minor crimes are also unlikely. Do not worry if you accidentally leave your wallet visible in your car. It is highly unlikely to be stolen. where ever you go in Dubai, there are always friendly people who will always welcome you.
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 launch the world’s first operational Hyperloop system, allowing passengers to travel 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.
No annual property taxes
One of the biggest things that has attracted thousands of investors. Investing in Dubai’s real estate market is tax-free. es you read that right, it is 100% TAX-FREE. Purchasing a Redisdential or Commercial property will not include taxes. Once the property is purchased, owners will not be obliged to pay additional taxes in the future.
Dubai’s population is growing
Property project launches in Dubai are estimated to increase as its population grows each year. The Dubai Statistics Centre announced that Dubai’s population in January 2016 was 2.4 million and will reach 5.2 million by 2030. This stat just shows how big Dubai really is, Which is why this truly is the best time to invest in dubai as this amazing country is growing each year.
These are just a few examples on why to invest in Dubai. So what are you waiting for? please feel free to browse our website and have a look at some of the amazing apartments, villas and Off-Plan projects that are available right now in Dubai.
Thank you for reading out article. we are going to leave you with this little stat from the Dubai Land Department, till next time!
The Dubai Land Department (DLD) recorded 69,069 real estate transactions with a total value exceeding Dh285 billion ($77.6 billion) in 2017, including Dh107 billion ($29.15 billion) investment by 39,480 investors through 52,958 transactions – more than 65 per cent of which is from foreign investors by volume. The overall value of the land transactions of Dubai worth Dh285 billion is higher than the GDP of 144 countries out of 211 countries recognised by the United Nations.