Top reasons to invest in Dubai

 

  • Tax free living- There is no Income or capital gains tax, nor is there any corporation tax. This combined with 100% ownership in free zones and freehold property developments, with strong investor incentives and protections makes Dubai a highly appealing place to buy and live.

  • One of the safest places in the world- Dubai is regarded as being in the top five safest cities to live in the world. Crime levels are very low with offences against another person and theft kept to the lowest possible levels by a vigilant police force and only 1.7% of the population is currently unemployed.

  • Low cost property- compared to other countries around the World, Dubai property is relatively inexpensive. Judged against house prices in the United Kingdom, Dubai property is great value, more luxurious and the facilities provided are top class. With such huge interest from local and overseas investors alike, prices look set to increase therefore making Dubai property a sound investment.

  • High standard of living- Dubai offers a very good standard of living, with its great weather, safe environment, vibrant nightlife, countless leisure activities and great beaches. On offer is a lifestyle that for many that is rarely surpassed elsewhere.

  • Breathtaking architecture/buildings: It’s hard not to be impressed by the style and sheer audacity of the ever changing Dubai landscape. From the Palm islands to the striking 7 star Burj al Arab hotel, Dubai is constantly finding new ways to amaze and exceed the limits of manmade structures. What’s soon to be officially the world’s tallest building, the Burj Dubai, is currently under construction in downtown Dubai.

 

  • Fantastic shopping- Dubai has something for everyone, from the countless high end boutiques to the gold and spice souks, a variety of shopping experiences await. The World's largest shopping mall, the Dubai mall, is presently under construction, as part of the Burj Dubai development and other malls such as Mall of the Emirates, Deira City Center and Ibn Battuta are very popular shopping destinations.

 

  • Stable economy- Dubai’s currency is linked to the US dollar, pegged at AED 3.67: US$. This therefore gives a strong element of stability to the country, something not often guaranteed in the Middle-East. Dubai has achieved GDP growth of 8% for the last 10 years and is currently regarded as the worlds fastest developing city.

 

  • A diverse city- Dubai is a very cosmopolitan city, with over 100 different nationalities coexisting in harmony within its borders. Over 80% of the population are expatriates, whom all bring together their differing cultures to create a vibrant and varied environment.

 

  • Rental income from property is a stable source of income, and while it might fluctuate, is highly unlikely to vanish altogether. Compare that to interest on deposit accounts or dividends on shares.

 

  • Dubai property is open to any investor from anywhere in the world, unlike the local stock market. This means greater liquidity and more funds in the marketplace.

 

  • Demand for property typically picks up during an economic boom such as the one being seen in Dubai now. With massive projects such as the Dubailand theme park, Palm Islands, and Dubai International Financial Centre coming to fruition, this looks a wise time to invest in real estate.

 

  • Property portfolios offer great scope for diversification of risk into different property types, locations and rental levels. This helps to spread the risk of an interruption to income flow

 

  • The Emirate clearly has all the advantages of a highly developed economy, providing an attractive investment opportunity.

 

  • The buying process is simple, no limitations or restrictions! Anyone can buy!

 

  • Dubai hotels have one of the highest occupancy rates in the world.

 

  • Dubai International Airport saw 28 million visitors in 2006

 

  • $4 billion project is underway to provide Dubai with a modern Metro system, completion of first phase set for 2009.

 

  • Dubailand, the world largest leisure and Entertainment Park expected to attract 15 million visitors a year when it opens its gates in 2010.

 

  • The Emirate plays host to the Dubai Tennis Open, golf’s Dubai Desert Classic, the Dubai Rugby Sevens, the Dubai Grand Prix of Nations and the Dubai World Cup.

 

  • Year round sunshine! Dubai has sunshine all year round, and for 8 to 9 months of the year it has a warm yet highly pleasant climate. It is typically only unbearably hot during the summer period of June through to September. This therefore gives Dubai a great year round rental potential, with tourists being attracted to Dubai at all times throughout the year. During winter months the day time temperature averages around the mid 20’s and it does get a bit cooler at night.

 

  • The best is yet to come- Dubai is already considered one of the best places to live in the World, despite the fact that the majority of its projects and developments are yet to be completed. Upcoming projects include the likes of Dubailand, a $20 billion dollar theme park resort that will cover some 3 billion square feet, almost twice the size of Disneyland; and the Dubai water front, the largest man made development in the word, set to be several times larger than Manhattan. Prices are inexpensive by comparison to other similar trading hubs around the world, and are up by more than 20% in the past two years. There is scope for a substantial further rise, and certain properties have doubled in value already.