Dubai - the city of possibilities
25 December 2019
Why Dubai is the city of possibilities
- 0% personal income tax
- Year-round sunshine
- Buy property, residential, tax-free
- The shopping capital of the Middle East
- One of the highest gross rental yields in the world (with an average of 7.4%)
- Officially an Islamic country, but Dubai is tolerant and respectful of other religions
- One of the world’s safest cities
- 1/3 of the world’s population is within four hours’ flying time
- 92% of the multicultural population are expats
- Demand for off-plan properties is blooming* (according to source – Dubai Land Department)
- AED 285 billion invested in Dubai property in 2017
- One of the world’s fastest-growing cities, increasing at 10.7% annually
- Politically stable, thriving economy
- Average 7-8% capital appreciation for property (source – http://gulfnews.com/property/dubai-s-strong-yields-1.2056845)
- The first city in the Middle East to host a World Expo, Dubai expects 25 million visits in 2020)
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