Dubai is a city and emirate in the United Arab Emirates known for everything luxury, ultramodern architecture, and a lively nightlife scene. Dubai is a relatively crime-free place where administrative efficiency and openness to business have encouraged astounding growth. However, criticism of Dubai’s authoritarian government and ruling elite is not tolerated, and there persists an atmosphere of discreet corruption. Burj Khalifa, an 830m-tall tower, dominates the skyscraper-filled skyline. At its foot lies Dubai Fountain, with jets and lights choreographed to music. On artificial islands just offshore is Atlantis, The Palm, a resort with water and marine-animal parks.
Dubai is a city of skyscrapers, ports, and beaches, where big business takes place alongside sun-seeking tourism. Because of its large expatriate population, it feels like a Middle Eastern melting pot, and the atmosphere is generally tolerant. Religious affiliations are not a prominent aspect of city life. Islam is the majority religion, but churches and Hindu temples coexist with Dubai’s mosques.
Whenever an investor wants to invest in a foreign land, one of the important factors they take into consideration is the growth of the economy of that country. Now, the interesting thing about Dubai is that all the numbers and statistics indicate that Dubai will have a continuous economic boost for the next few years. While rich in oil Middle Eastern countries and the capital of UAE, Abu Dhabi’s economy has suffered the punch of recent oil crises; Dubai has flourished and came out as a champion of planning and economic growth in the MENA region.
Dubai is highly transited by tourists who are fascinated with how this city managed to become a jewel of the desert. The country has number of attractions in its bucket. It hosts various arts and cultural festivals such as Dubai International Film Festival, and Dubai Jazz Festival as well as sporting events like Dubai Golf Desert Classic, Formula 1 Race (Abu Dhabi), Rugby 7’s, Dubai World Cup of Horse Racing and international cricket matches.
A Perfect Investment Opportunity in Dubai
Dubai is one of the safest cities in the world with a low crime rate and an efficient legal system. A good investor always makes sure that the city in which his/her property is located is safe, and the UAE is not only the safest country in the MENA region but in fact, one of the safest in the world with crimes and theft almost never heard off. It is one of the major reasons why people find it reliable to go to Dubai and start their lives.
According to the Doing Business 2019 report, the UAE scored 11th rank globally and 1st rank regionally. The UAE scored impressive ranks in the following indices:
Getting electricity – 1st rank
Paying taxes – 2nd rank
Dealing with construction permits- 5th rank
Registering property – 7th rank
Enforcing contracts – 9th rank.
Protecting minority investors – 15th rank
In March of 2016, Dubai announced to set up the world’s biggest wholesale city with an investment of AED 30 billion. The country has the tallest buildings in the world, Burj Khalifa. Dubai International Airport claims the dual titles of the world’s fastest-growing airport and the world’s sixth busiest airport in terms of international passenger traffic, handling 41 million international passengers in 2009. Jebel Ali Port is the world’s largest man-made port and estimated more than a 40% increase in its cargo container throughput from 2008 to 2009. These reasons are enough for any investor to invest in the real estate sector of the country.
Dubai does not impose any personal income tax, capital gains tax, or withholding tax. In the year 2018, the country implemented a law that allows 100% foreign ownership of companies, followed by the introduction of a 10-year residency visa for investors and specialists. This reason is more than enough for people around the world to come and work or look for investment opportunities in the City of Gold, Dubai.
Yes, they have a department for ‘happiness’. Dubai aims to be one of the happiest cities in the world. The ministry’s vision is to have happiness and positivity as a lifestyle and a higher purpose for government work in the country. With such a beautiful mindset and dedication towards making the general public happier than ever, one could imagine how his property will develop rapidly and successfully in this beautiful environment.
Due to its visionary leadership that works towards development in economic, social, cultural, environmental, and political domains, Dubai and the UAE remain politically stable. Since its formation in 1971, the UAE has been a successful constitutional monarchy and continues to be so. This is because of the belief system of the UAE’s Founding Fathers in peace and justice and the continued belief of the present political system and government in the same.
There are a few more advantages of investing in Dubai. They are;
Property prices in Dubai are cheaper when compared to other major cities in the world
UAE has a liberal policy encouraging foreign individuals and companies to invest and take part in the mutual growth process
The introduction of VAT has boosted government revenues that will be spent on infrastructure projects
The country has been ranked among the world’s top 5 hottest shopping destinations
Competitive energy costs, in terms of electricity, water, and oil
Availability of skilled and unskilled labor at cost-effective rates.
A Perfect Investment Opportunity in Dubai
Casa Nostra is an award-winning and culturally diverse brokerage that brings together a team of multilingual and highly qualified real estate brokers. Casa Nostra utilizes extensive expertise in the local market and the internationalism of real estate. At Casa Nostra, we exercise a client centrode approach that helps us to deliver end-to-end property management and real estate solutions.
The company has massively expanded from its official inception in 2012 with a team of exceptionally talented real estate brokers and consultants. All the solutions rendered at Casa Nostra are formulated with a result-oriented perspective, while our competent brokers are always on the lookout for ideal property investment opportunities.
Buyers, Sellers, and Tenants can reach us anytime. Thank you for choosing Casa Nostra Real Estate!