Why Dubai
Let’s delve into the reasons that position Dubai at the forefront of global real estate investment destinations.
About Dubai
Dubai, a city in the United Arab Emirates, has experienced a truly remarkable transformation over the past few decades.
Once a small fishing village, Dubai has emerged as a global economic and technological hub, often referred to as the “City of the Future.”
Its meteoric rise can be attributed to visionary leadership, strategic investments, and its strategic location as a crossroads between East and West.
4th
Safest City in the World
4th
City With Most Number Of Skyscrapers
5th
Best Place in the world to live, work, invest and visit
3rd
Most Visited City in the World
Political Stability
Dubai’s historical trajectory and idiosyncratic political economy help explain its prominent role in facilitating international financial flows. The most populous emirate of the UAE, Dubai enjoys a symbiotic relationship with Abu Dhabi, the country’s political and petroleum powerhouse.
Ruled since 2006 by Sheikh Mohammed bin Rashid Al Maktoum, Dubai has evolved from a regional trade hub into an aspirant global city within decades, thanks to the vision and execution of strong economic reforms and policies.
Economic Prosperity
Dubai's GDP expanded by 3.2 per cent annually in the first half of last year to Dh223. 8 billion ($60.9 billion), driven by growth in sectors such as transport, trade, financial services, accommodation and food services, property, information and communication, and manufacturing.
The increase in oil production, the fast-growing real estate market, and the recovery of the tourism industry have also contributed to the positive economic outlook in Dubai.
Free Zones
26 active Dubai free trade zones offer facilities to non-resident corporates, like the convenience of single-window administration, and 100% ownership. Free zones specialise in specific industry sectors and types of business, offering tailored services and support depending on the sector – here you can explore what sectors and company types free zones in Dubai support
World- class infrastructure
Dubai's world-class infrastructure comprises of extensive network of roads, an evolving public road transport system, modern ports, numerous specialized free zones, iconic real estate developments like Burj Khalifa, reliable utilities, luxury tourism amenities, and smart city initiatives, collectively contributing to its status as a global hub.
Dubai's world class infrastructure allows it to handle vast quantities of goods. Three billion people live within a four hour flight from Dubai, with a further four billion within eight hours of the emirate.
Education
Dubai private schools ranked ninth globally in mathematics with a mean score of 497, exceeding the OECD average by 25 points. Dubai schools also ranked 13 globally in reading with a mean score of 498, and 14th in science, with a mean score of 503 points.
Dubai is home to a lot of top-ranking international universities. Many top-ranking international universities and higher educational institutions have their campuses in Dubai.
Healthcare
Dubai provides a high standard of medical care as one of the best public healthcare systems in the world because the DHA operates both public and private healthcare facilities, Dubai authorities aim to become one of the 10 biggest medical centers in the world.
Dubai has 56 hospitals, 57 day-care surgery centres, 59 diagnostic centres, 21 specialised centres for people of determination, and 1,566 specialised outpatient clinics.
Business Set up
Through its business-friendly environment, favourable tax policies and amazing lifestyle benefits, Dubai has solidified its place globally as one of the most sought-after destination for entrepreneurs looking to establish a business. From Jan to Sept 2023 alone, Dubai business setup rose to 48,616 new companies.
The number of new member companies achieved YoY growth of 42.9% between January and September.
Dubai Real Estate
Dubai’s real estate market has been a dynamic and rapidly evolving sector, characterized by visionary projects and ambitious developments.
Dubai’s real estate market has attracted investors from around the world due to its tax-friendly policies and regulations that allow foreigners to own property. However, the market has seen fluctuations, including a correction in property prices, as it matures.
Government initiatives and regulations have aimed to bring stability to the market. With ongoing innovations and the development of smart and sustainable communities, Dubai’s real estate sector remains a focal point for investors and residents seeking a luxurious and modern lifestyle.
Overall Property Transaction
(January - December 2023)
Total Value
Why Dubai Real Estate
No Property and Income Tax
Dubai does not levy annual property or real estate taxes. Once you've purchased your property, there's no recurring tax obligation on the property's value. This can lead to substantial savings over the long term, especially when compared to cities with hefty annual property tax bills and there is Zero income tax on your personal income in UAE.
Growing Population
The surge in population has fueled a robust real estate market in Dubai. The city cape is dotted with iconic skyscrapers, luxury residences, and innovative architectural marvels. Investors, both local and international, are capitalizing on the thriving real estate market, further stimulating economic growth.
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