Why Is Everyone Worldwide Interested in Dubai Investment?
Investors worldwide have been buying properties in Dubai. But what makes Dubai investment so prime? Here’s why you should consider Dubai investment real estate.
Why Everyone Is Interested In Dubai Investment Real Estate
People from all over the world invest in Dubai. But why? It is politically safe, has rapid development, and is tech-forward. Dubai also attracts millions of tourists yearly and has favorable tax terms. Known as a massive tourist destination with the tallest buildings globally, Dubai is a magnet for properties purchase and other types of investment. Its economic growth is tremendous and is expected to thrive in the next few years, attracting Foreign Direct Investment, global talent, and other projects.
As foreign workers move to Dubai to seek job opportunities and career expansion, Dubai’s population is also rising. It is hard not to see why many investors want to put their money in this cosmopolitan and global trading hub. Let’s look at why people from all over the planet choose Dubai investment real estate.
It Is an Economic and Politically Safe Country
Dubai is one of the safest cities in the world. The visionary leaders work on the economic, political, social, cultural, and environmental sectors to ensure it is politically stable. The founders of Dubai believed in peace and justice and hence created a constitutional monarch that helped the country remain stable. As such, many investors from all over the world are attracted and assured of safe Dubai investment opportunities.
Dubai is also predicted to be politically safe from 2022 to 2026, even with regional tensions over Iran. And, economic growth is set to increase in 2022 due to a rise in international oil prices, recovery from the pandemic, rising oil output, and incredible private sector policies. No wonder many investors are currently eyeing Dubai.
It Experiences Rapid Development
Dubai experiences rapid transformations that have made it into a modern-day metropolis attracting investors from every corner of this planet. The county has built remarkable landmarks in the last two decades, such as Burj Khalifa and Burj AL Arab, which attract many tourists worldwide. This, in turn, increases the city’s development in the hotel and hospitality sectors. The city plans to be the most toured location by 2025 and the center economy of Islamic culture in the next 10 years.
It Provides Ease in Doing Business
According to The World Bank, Dubai ranks 17 in the world as one of the cities with ease of doing business. It also ranks number one when it comes to the economy. The UAE is the easiest to get electricity, third best at getting building permits, ninth at enforcing contracts, and tenth at registering property out of 190 countries in the study. So, the country’s great economic state and development attract a lot of investors. Many companies in Dubai also gain advantages from doing business in the region, including:
- Dubai investment Safe and robust governance
- No need for a physical office
- No need for share capitals
- Lower set-up costs than other onshore jurisdictions
- Safe political environment
- Diverse professional experience from all over the world
It Is Tech-Forward
Most investors want to invest in future-forward places such as Dubai because of factors such as financial transactions. The United Arab Emirates is a recognized fintech hub globally, which drives growth. Many tech start-ups are setting up in Dubai. Over the last ten years, fintech start-ups have amassed funding of over $100 million in North Africa and the Middle East.
Dubai also attracts a lot of Foreign Direct Investments (FDI) for Robotics and AI from the US and Europe. It ranks first in attracting FDIs, making it the heart of the blockchain and fintech revolution.
It Is a Tourist Destination
Dubai is a tourist hotspot with its high-rises and shopping malls. Tourists flock to the county for amazing sights, sales bargains, sunshine, and family fun at the Burj-Khalifa, mammoth aquariums, ski slopes, etc.
The city’s booming tourism shows an incredible growth rate in the Dubai hotel sector. Even Dubai International Airport was the busiest air hub in 2018, with 89 million passengers or more during that period. The tourism and hotel industry is a magnet for international investors looking to grow their wealth. Together with the ultra-modern infrastructure and world-class regulatory environment, Dubai has the ambition of being the world’s most visited place by 2025.
It Offers Favorable Tax Terms
Investors always want to maximize their earnings and income, which makes Dubai desirable. It offers zero income tax, capital gains or wealth tax, and corporation tax. So, the super-rich who are subject to high taxes want to invest in Dubai due to the local tax regimes.
Tax registered businesses have to pay 5% tax on taxable supply of goods or services at every stage of the supply chain. But, even with the 5% VAT levy, Dubai is still better than other countries.
Key Highlights
Dubai’s economy has grown at an exacerbated rate in recent years. Its diversity, geographic location, and contrast make it a destination for entertainment, shopping, and international business. But why is the city a magnet for investors? Here’s a round-up of the reasons people choose Dubai investment:
- Dubai investment It is an economic and politically safe country
- Dubai investment It experiences rapid development
- Dubai investment It provides ease in doing business
- It is tech-forward
- It is a tourist destination
- It offers favorable tax terms
Are you ready to invest in Dubai and need help? One of the ways to do so is via crowdfunding. Among the companies in Dubai that deal with crowdfunding include MAISOUR , an online crowdfunding platform here to help investors grow their wealth. Check us out for more on MAISOUR
