Why Dubai?
Why Dubai?
When choosing a destination to move or invest in, you need to have a clarity of priorities and a vision of what you want the results to be.
Dubai is regularly ranked among the most attractive cities in the world. According to global research company Euromonitor International, the metropolis leads the world in tourist and visitor arrivals, with 17.2 million people in 2023.
In December 2023, hotels in Dubai reached record occupancy rates, significantly impacting their revenues. According to CoStar Group, the average daily rate (ADR) per room in the month was the highest on record.
According to a study by Henley & Partners, 4,500 millionaires will relocate to the UAE in 2023 as the country has gained status as a haven for wealthy individuals from around the world.
MANY FACTORS THAT ATTRACT MILLIONAIRES TO THE UAE:
- Security: a key factor, especially in unstable times, which is why so much private capital flows into the UAE. Dubai offers a reliable regulatory environment: the country respects the rule of law and guarantees economic freedom.
- Taxes: Dubai boasts some of the most competitive tax rates in the world, making it an attractive place to do business and reside.
- High-quality medical care: the UAE is known for its high quality of medical services, which attracts many international patients.
- Entertainment and luxury: the UAE offers a wide range of entertainment — from luxury shopping malls and restaurants...
- Education: over 200 international schools in the UAE offer high-quality education.
WHY INVEST IN REAL ESTATE? 🏙
1. Capital preservation. If you choose a reliable property, your capital will not only be protected from inflation but it can also increase in price. For example, if you have $1,000,000 in cash and inflation in your country is 5% per year, and the average annual growth of real estate prices is 7%, then your real economic result will be 2% capital growth per year. Therefore, purchasing such a reliable asset as real estate will not only preserve your funds when inflation rises but also increase them in the future.
2. High profitability. Market activity in Dubai is not decreasing even against the backdrop of increasing supply. This year, local authorities have supported several coastal projects that were previously inactive or frozen. One of the most notable examples is the revival of Palm Jebel Ali, on which nothing has been built for over 10 years. The government announced the relaunch of the project in 2023. Jebel Ali is expected to show even greater value growth than Palm Jumeirah – up to 45-60%.
3. Passive income. Real estate is a truly passive and reliable source of income. UBS records a 50% increase in rental real estate prices compared to the previous two-year period.