According to a recent MasterCard Global Destination Cities Index, Dubai is one of the most visited destinations in the world. With an annual average of fifteen million visitors, it is surpassing other iconic international destinations such as New York and Rome. Although there are many reasons why many tourists are attracted to Dubai, investment is one of the major reasons.
In the past few decades, due to the uncertainty and volatility of the global economic and political landscape, investors have been looking for new certain and friendly markets with a high return on investment. Dubai has become one of the most preferred investment destinations because of the pro-business environment, excellent infrastructure, diversified economy and political stability.
Do you want to become an investor in Dubai? You will find a lot of investment options such as the Emaar Dubai Creek Harbour projects and apartments for sale in Downtown. These neighborhoods have both completed properties and new projects that are expected to be completed soon.
Here are the reasons why Dubai has become a top investment destination
Central Location
It is placed in a very strategic location on the world map. Initially, before it became what it is today, it was a very popular port town. It is a roughly six-hour flight from major cities in the East, West and South making it a convenient central point for those crossing the globe. Also, it serves as a hub for local businesses since they can expand in any direction.
Tourism Industry
Even though the city has seen millions of expatriates settling as long-term residents in the recent past, it still remains a major tourist destination. With some of the biggest landmarks and impressive attractions in the world such as Burj Khalifa, Palm Jumeirah and more, there is a rich selection of wonders to experience. As more new projects in Dubai are added, the crowds will continue flocking in the city which in return will attract more investors.
Innovations
This city is regarded as the city of innovations with a lot of new concepts that bring the future into the present. For example, there are numerous new projects that are expected to create a more sustainable living experience to the residents. The government of Dubai aims at making almost every aspect of life in the city hassle-free.
10-year investor
In 2018, the Dubai government announced that investors and employees of specific skilled professions would be granted a 10-year residence visa. Such a long-term residence option shows the level of confidence the government has placed on investors.