In the past decade, the economy of Dubai has evolved greatly on the back of modern-day infrastructure and business-friendly regulations. Dubai has emerged as a global hub for financial services, hospitality, trade, tourism and logistics, making it a great destination for people to live, invest, spend their leisure time and even educate their kids.
Dubai comes on top of the cities to invest in, and is attracting investors from every corner of the world. The city has also a strong fan-following in the south of Asia. Do you know the Indians made up 65 percent of the total searches hits on the site for investing in Dubai real estate and buying property in Dubai in May last year.
Why choose Dubai for Investment? The top 10 reasons are explained below:
Dubai’s Geo-Strategic Location
Dubai has become the bridge between the East and the West due to its strategic location on the southeast coast of the Persian Gulf. Strategic location means a location that best suits your strategy to meet your objectives and goals. The city sits on a vital ancient trade route that has been equally imperative in today’s trading between countries, and this is making Dubai a natural pit stop for businesses during moving from West to East and vice versa.
Dubai a topical paradise for tourists and travellers across the world due to its hot climate. This also makes the city a captivating place for investors across the world, who are looking to benefit from a strong tourism sector.
Safe Location
Dubai is one of the world’s safest locations, with great connectivity, a low tax regime, a stable political system and strong economic prospects. All these important factors will without doubt play a very vital role in paving the way for the success of Dubai as a global hub. So, you can buy property in Dubai for investment purpose without any worry.
Global Aviation Hub
Dubai International Airport is ranked 2nd in the world for international passenger traffic. It is operated by 125 airlines that connect to more than 260 destinations across the world. According to data released in 2014 by the Airports Council International,” Almost 69 million international passengers had passed through the airport in the last one year to the compared to 67.8m in Heathrow.
Al Maktoum International Airport in Jebel Ali, which is Dubai’s new airport, will have the capacity to handle over 160 million passengers when it’s fully operational. Besides, Emirates Airlines is Dubai’s flag carrier with flights to and from more than 140 destinations across the globe. Also, flydubai, a government-owned low-cost airline, has become the fastest start-up airline in the world, as its launch in the year 2008. It is flying to over 65 destinations across the Asia, Africa, India, parts of Europe and GCC.
Expo 2020
Dubai Expo 2020 will be the first world expo to be held in the Middle East, South Asia and North Africa region. The expo is slated to have more than 30 million visitors in its six-month duration (between October 2020 and April 2021), opening up gigantic chances of multiplying revenue for business owners. Business opportunities around the UAE have started gaining pace with the activity around the city picking up in expectation of the mega event. Investing in Dubai property now could well be the best time for gains in the future.
Surprising Real Estate Returns
Do you know that Dubai’s real estate and construction sectors are contributing 22% to the city’s economy? See the image below. Today, a large number of people, particularly from India, are flocking to here to investment in Dubai real estate market of the Emirates, where rental returns are among the best in the world.
This rental returns provide more motivation to investors for investing in Dubai to gain from its real estate sector, that is growing yearly at a fantastic rate.
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