UN declared the world will have 9.7 billion inhabitants of whom 70% will live in urban areas by 2050. According to the Dubai Land Department, real estate transactions grew by 33% to reach $9.3bn (AED34bn) during January-May 2019. Some 9,935 foreign investors accounted for 11,889 transactions worth more than Dh21 billion.
Investing in Dubai properties is a hot topic since it features a diversified economy where global connectivity is present along with political stability, regulatory framework and transparency.
Here are some reasons why investors should invest in Dubai properties.
- Dubai’s tourism industry is blooming
The Department of Tourism and Commerce Marketing developed under the guidance of His Highness Sheikh Mohammed has stated its vision to double annual visitor numbers from 10 million in 2012 to 20 million by 2020. And so by 2020, Dubai’s tourism industry will flourish and bloom as it plans on welcoming 20 million visitors per year, which triples the tourism’s contribution to the city’s economy.
- Expo 2020
A prime reason why anyone should invest in properties in Dubai is because Dubai is hosting the next World Expo in October 2020 which will attract approximately 25 million visitors from 180 nations. This will increase opportunities to expand the market, attract foreign direct investment, and expand global businesses which makes it a paramount time to invest in properties in Dubai as the Expo 2020 is just eight months away. This opens up a myriad of possibilities and creates higher yields of income.
- Advanced Transport Infrastructure
Dubai is seen to continuously advance its transportation infrastructure, providing residents with a plethora of options to choose from. In the near future, The Hyperloop One is said to bridge the gap between Abu Dhabi and Dubai where the project’s goal is to provide transport in 12 minutes.
- The Happiness Project
Dubai strives to become the happiest city in the world. In 2016, Dubai created The Ministry of Happiness which aims to develop policies, projects and guidelines that cater to the happiness of residents thus improving their happiness levels.
- Buying Property in Dubai Costs Less
When compared to other real estate capitals around the world, Dubai has a 100% tax-free income policy which is one of the advantages of living in Dubai. This zero-taxation rule grabs the attention of expats globally thus making it a strong reason to invest in Dubai properties.
An added benefit of investing in properties in Dubai is being engulfed by a diversified economy where global connectivity is present along with political stability, regulatory framework and transparency.
Now that we have looked over the reasons to invest in Dubai properties, we’d like to get you started with the most convenient method to find all your real estate options.
Dubai Property Festival (DPF), in partnership with the International Property Show (IPS) is the Middle East’s Biggest Property Sales Platform for local and international real estate markets. It is the best place to meet and do business with top-tier investors and property professionals from across the globe. The show is the only event of its kind that allows retail sale and purchases for both local and international properties.
DPF is a Mega Property Sales Platform where exclusive deals to end-users/investors are offered for 3 days. It enables developers to sell their project offerings onsite at much lower prices attractive to investors looking to explore from a wide range of properties.