Over the years, Dubai has evolved to be one of the worlds’ most prestigious and famous tourist centers with lots of attraction and visitation from different sectors to its amazing shores. It is known as the home to the most significant shopping center all over the world referred to as Dubai Mall. People travel from near and far to make shopping as Dubai also holds a month-long shopping festival in January.
There is more to that as people also go there for business trip. It’s high time we all start seeing the prospect in Dubai by investing rather than seeing it as a tourist center to go for shopping and vacation.
Why Dubai is the best place to invest in 2018
Do you know Dubai will be hosting the next world Expo in October 2020? I don’t think it’s a secret anymore as Dubai will be hosting approximately 25 million visitors from over 180 nations for the event.
On the announcement of the Expo 2020 in Dubai, there has been on and off plan by different property sector on how to carry out their business plan and invested to earn more interest. Those buying any property very close to the proximity of the Expo will receive a high return on investment.
The Expo will last for six months, and millions of visitor coming from over 180 nations will need to rent property during this period, and with an increase in demand, there will be more income for landlords because of the avenue to increase the rental fee.
Dubai population is increasing
Over thousands of people are relocating to Dubai every year and with the numbers of people increasing, there will need to rent or purchase a home. There are different communities in Dubai with alluring villa structures and townhouse. The one you choose depends on your choice, budget, and preference.
According to Dubai statistic center which was announced about Dubai population, it was said that in the year 2016, the population was 2.4 million and will reach 5.2 million by 2030. It simply means there will be demand for housing property and once you can invest your money into any now, you tend to get a huge interest when the demand for housing property is high.
People travel to Dubai for shopping because they believe you can only get quality stuff from the mall and it appears that those who purchase their goods during the shopping festival makes much profit because most goods come with discount rates.
That is to those who purchase from the mall and during this festival, you can as well make more money by selling your goods in the city as you have higher propensity to make sales due to increase in population and demands for what you sell.
The tourism industry is booming
The economy of Dubai incorporates trade, business services, and tourism. And the construction of housing properties and hotels is increasing. It is an avenue for any real estate agent to dive into this pool of opportunity and make the best of it by buying properties or building hotels and housing property for rent and sales.
No annual property taxes
Do you get discouraged from investing in housing property in Dubai because of property taxes? There is no need to worry about that because you don’t need to pay any tax. Once the property is purchased, you become the outright owner of it without being obliged to pay additional money for taxes in the future.
Entertainment and relaxation center
Dubai is known to be a busy city, and that doesn’t mean there is no time for fun and relaxation. The city offers unique experiences with luxurious spas, yacht communities, beaches, water parks and skydiving. It is a platform for investors to invest in creating any of these recreational centers to meet the need of people and get more money to their pocket.
There are different social amenities which you can invest in and make you profits such as restaurants, bars, barbecue deck, football pitches, and tennis court to mention a few.
In conclusion, all these are few reasons you should invest in Dubai in 2018, if I were you, my vision would be towards Expo 2020, and I’ll start my investment now, get connected with Luxury Property International LTD to plan your investment today.