Introduction
Dubai is the fastest growing city in the world. The number of visitors to Dubai has grown from 1.8 million to 5.4 million in the past decade.
- One of the biggest airports in the world.
- The biggest man-made harbour in the world.
- The first underwater luxury hotel
- The fastest train
- The grandest, shopping malls
- The largest theme park in the world
- The tallest skyscraper in the world
- The only seven star hotel in the world
- World-class events in horse racing, tennis, and even shopping festivals.
According to AME INFO over 100,000 Britons have purchased homes in Dubai since the start of the property boom in 2002. Dubai is competing with Spain and France in the second-home market, with both countries accounting for roughly 35 per cent and 24 per cent respectively of British homes overseas.
Reasons to buy in Dubai
- Wonderful growth opportunities:
- Tourism is expected to grow from 6 million to 15 million within the next three years.
- Population is expected to increase from one million to 3 million.
- Capital appreciation in recent years, has risen between 15 and 25% annually.
- Rental returns are expected to continue at 10 to 20% annually.
- Capital gains tax and rental tax incomes are 0%.
- The government is making it easy for people to invest, no Company formation
is required, residency is provided with land ownership, and a right to
acquire Freehold. - Warm, balmy weather all year long is definitely a very attractive proposition for older people especially for Westerners or for people from cold climates.
- The cost of living is a lot lesser than from their place of origin and thus their savings potential increases.
- The real estate market is booming and a choice and array of housing plans is also a very attractive proposition.
- Very high-end properties are still a lot cheaper when compared to other places.
- Dubai is a very safe place to live and the crime rate is very low.