While Dubai is heralded as one of the world’s most popular success stories, it did not, however, come about out of shear luck; instead, it is the result of an unique disruptive innovation in strategic visioning, coupled with an abundance of hard work to implement the necessary prerequisites for the vision to become a reality. This includes:
- Major Infrastructure Projects: Versatile road network & mass transit systems (Metro, Tram and Buses) and World leading airlines (Emirates Airlines).
- Distinctive and Innovative Architecture: Housing Projects, Business Districts, Shopping Malls, Hotels, Amusement Parks, Sport Clubs & Facilities, Social, Cultural, Commercial, and Art Centres.
- World Class Utilities (Water, Electricity, Drainage and Communications)
- High Quality Services
- Safety and Security
- Advanced Financial Systems and Bustling Economy
- Business Conducive Laws & Regulations
- Leading Technologies and Technical Innovations
- Eco- Friendly and upcoming Smart City Environments
Dubai is a thriving metropolis, and a leading Business Hub with a bustling economy in the Gulf Region; it also features several major internationally recognized landmarks including the Burj Khalifa (the world’s tallest building) and other wonders such as The Palm Islands.
The primary sector which serves as an indicator of Dubai’s grand achievements is real estate, which has enjoyed a rapid growth rate over the past decade; as Dubai is hosting the World Expo 2020, the sector will be expected to grow more steadily over the next few years. Therefore, the Dubai government will be planning to upgrade the city infrastructure by spending and encouraging foreign investments in various sectors over the next five years.
In addition to the above, Dubai also expects to be:
- A tax-free city (with no income or capital gain tax) that will be more attractive to foreign investors.
- Easily accessible, by having direct flights to and from all major world destinations.
- A popular tourism sector.
- Extremely safe with a pleasant climate.
According to analysts’ reports, the emirate aims to draw more than 25 million visitors and expects Dh25 billion in total investments in infrastructure-related projects, thus creating 277,000 new jobs.
With very handsome property prices (compared to other major cities of the like) and the promise of increased growth and steady rental income, the Dubai Real estate will remain a good investment opportunity for and accessible to local, regional and international investors.
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