5 Reasons to Invest in Dubai.
Why to Invest in Dubai
1. Population GrowthÂ
Dubai is becoming a services hub and in particular a financial services hub, there is going to be an increase in the number of foreign professionals who are flocking there to work and with a high pay and tax free status.
2. Good Relative Property ValueÂ
The cost of Dubai property relative to international standards is still very low and as a result the chance of a large capital appreciation increase is very high. Coupled with the bullish take on rentals as mentioned above, the prices of your real estate investment in Dubai will be set to soar in the next few years.
3. Hybrid AssetsÂ
Property is a kind of hybrid asset with the capital appreciation of a stock but the income producing capacity of a bond.
4. High YieldsÂ
Dubai offers higher than average rental yields to the long-term investor. Whereas overseas, property owners average around a 4% yield on their investments, in Dubai one can expect a minimum of 7%. This value is even greater for commercial property where yields of 15% are expected. Currently the single-room studio apartments are doing the best in terms of rental yields since the expatriates that work in Dubai tend to be single individuals so this would be a great real estate investment tip to note if you intend to invest in Dubai.
5. Tourism Growth and LocationÂ
More than 6 million visitors currently visit Dubai and this number is expected to rise to 15 million by 2012 providing excellent rental potential. Dubai World Central International Airport is a new $33 billion planned facility that will have six runways and a passenger capacity of over 120 million passengers a year, making it the largest airport in the world. Emirates Airline has plans to double its fleet, and aims to overtake British Airways to become the world’s largest long-haul carrier by the year 2012. Dubai now has more leading hotels than any other destination providing unparalleled luxury for tourists.
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