Here are just a few reasons for investors to consider committing to the Dubai real estate sector:
Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations. The announcement of the Expo in Dubai has boosted the off-plan property sector. Investors who are buying property near the Expo will receive a high return on investment. The Expo's duration is six months and millions of visitors will need to rent property. The rental demand will be high, enabling landlords the flexibility to increase rents.
2. High return on investment
Dubai's real estate market is maturing as the city's population is increasing each year. Investors aware of the growing demographic are wisely purchasing property to supply the boost in rent demand.
3. Superior transportation routes
Dubai is continuously advancing its transportation infrastructure. The US-based Hyperloop One is creating an expedited transportation route between Dubai and Abu Dhabi. Hyperloop One prepares to launch the world's first operational Hyperloop system, allowing passengers to travel between the emirates in pods at 1,200 km per hour. The project's goal is to provide transportation from Dubai to Abu Dhabi in 12 minutes. Hyperloop One estimates that approximately 4,000 vehicles commute daily from Abu Dhabi to Dubai.
4. Dubai's population is growing
Property project launches in Dubai are estimated to increase as its population grows each year. The Dubai Statistics Centre announced that Dubai's population in January 2016 was 2.4 million and will reach 5.2 million by 2030.
5. Gourmet restaurants, entertainment and more
Dubai offers unique experiences with desert safaris, luxurious spas, beaches, yacht communities, skydiving and water parks. The city is also known for its wide selection of gourmet restaurants from each region.
By Aqsa Shabbir
Editor's note: This article has been edited from the source material.
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