Why You Should Invest in a Property in Dubai? Know the Reasons |
Posted: October 20, 2020 |
Dubai has become an international hotspot. Its economy has grown impressively over the last few years. Along with a fantastic geographical location, the city has emerged as a global business hub and sought-after cosmopolitan destination. The city provides easy access to important markets, like Africa, Asia, and Middle-East. Also, it has good connectivity to the major international business centers in Europe and the USA. As such, Dubai is appealing to foreign investors who come into the city every year to invest in its market and make good profits. Given the city's flourishing nature and the extraordinary life out there, you can invest in Dubai property. As such, you can browse property websites to locate properties for sale in Dubai. Here are the main reasons why you should invest in a property there: Growing EconomyThe foremost criterion for a foreign investor is economic growth. Dubai has an excellent economic growth record and impressive growth forecasts for the coming years. Tourist HubThe city is a popular tourist destination. Numerous tourists visit the city every year that makes it a jewel of the desert. Also, there are a lot of attractions too. The city hosts various arts and cultural festivals, like Dubai International Film Festival, Dubai Jazz Festival. Likewise, it also organizes sporting events like Dubai Golf Desert Classic, Formula 1 Race, Rugby 7's, Dubai World Cup of Horse Racing, and international cricket matches. Safety and SecurityHigh safety is one of the most remarkable aspects of the city. Dubai is a very safe city in the world. The crime rate there is low, and the legal system is highly efficient. If you are looking to purchase a property in the city, you will also consider its safety. The entire Middle East and North Africa (MENA) region is the safest region in the world. It is, therefore, reliable for you to go to the city and start a new life. Ease of Doing BusinessIf you intend to do business in Dubai, it is the best thing to do. According to the Doing Business 2019 report, the UAE bears the 11th rank globally and first rank regionally for the ease of doing business. The UAE has great ranks in the following indices:
State-of-Art InfrastructureIn Dubai, the infrastructure is excellent. The city hosts the world's tallest buildings--Burj Khalifa. The city's airport infrastructure is world-class and figures among the world's fastest-growing airport, which is also the sixth busiest airport in the world. And the Jebel Ali Port is the world's biggest port. When it comes to the consideration of infrastructure, it has enough reasons for you to invest in a property in the city. Relaxed Taxation RulesTaxes are very light in the city. The UAE government does not impose any personal income tax, capital gains tax, or withholding tax. Notably, the government implemented a law in 2018 that allows 100% foreign ownership of companies. And the government also has introduced a ten-year residency visa for investors and specialists. And these incentives are more than enough for you to look for investment opportunities in the city.
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