The Daily Realtor Records Newsletter — Why should you invest in Dubai
Good morning Brother and sisters, Hope you are having a wonderful day. Today we will be discussing more of the major attracting factors of investing in Dubai.
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Why should you invest in the Dubai real estate market?
The top reason people come here is because of safety reasons.
Here is the safest country in the world. It was again proved to the world when the covid was hit. here the govt was able to manage and was ready to open and run normally while most of the world has still in lockdown.
Over the past decade, Dubai has become a major international travel destination, with a growing number of tourists visiting the city. This has resulted in unprecedented development in the hotel and hospitality sectors.
The rapid development of Dubai has been regarded as one of the most remarkable achievements in the city’s history. During the 1990s and 2000s, it became one of the most prominent cities in the world. Some of the most prominent projects that have been completed in the city include the world’s tallest building, the Burj Khalifa, and the world’s first underground parking facility.
High-yielding assets, a world-class regulatory environment, and cutting-edge infrastructure have helped to make Dubai one of the world’s most desirable investment locations.
With Dubai’s stated goal of being the world’s most visited destination by 2025, there has never been a better moment to invest in the city’s booming hotel business.
Expo 2020 Dubai was the first time an Arab country hosts the event.
According to an analysis by Ernst & Young, Expo 2020 Dubai is predicted to improve Dubai’s economy by $33.4 billion, as the country prepares to accommodate over 25 million tourists from all over the world.
Expo 2020 Dubai will also highlight the Emirate’s dynamic economy, bolstering its position as one of the world’s most popular foreign direct investment destinations (FDI). Due to a series of strategic efforts such as the 2040 Urban Master Plan, Dubai’s growth is predicted to accelerate in the future decade.
The Most travelled destination in th world
In its annual Travellers’ Choice Best of the Best Destinations Awards, TripAdvisor, the world’s largest travel review site, named Dubai the world’s most popular tourist destination for 2022.
Dubai has won the prestigious title of the most popular destination for 2022, beating out perennial favourites London, Paris, Rome, Las Vegas, and Bali, cementing Dubai’s image as one of the world’s hottest cities.
The city’s mix of “contemporary culture with heritage, adventure with world-class shopping and entertainment” was complimented by TripAdvisor in their honoring of Dubai.
In its awards round-up, TripAdvisor recommends seeing a play at the Dubai Opera, seeing the city from atop the Burj Khalifa, and spending an afternoon along Dubai Creek browsing the gold, textile, and spice souqs. “If you’re seeking a thrill, take a hot-air balloon trip above the desert dunes, ride a high-speed rollercoaster at IMG Worlds of Adventure, or jump over the Palm Jumeirah.”
As the fear of Covid-19 fades, tourists are once again eager to travel abroad, bode well for Dubai’s continued tourism-led economic resurgence.
“Priorities are shifting as the globe returns to travel, and consumers desire more unique experiences on their journeys. When considering their future travel plans, three-quarters of Americans (75%) believe it is critical to see new locations.’
According to the most recent STR statistics, Dubai topped the globe in hotel profit recovery last year, with the emirate’s gross operating profit per available room (GOPPAR) hitting 95 percent of pre-pandemic levels.
The outcome confirms Dubai’s status as one of the world’s top tourist destinations and demonstrates the city’s efforts to keep tourists safe and secure during the epidemic.
Last but not the least
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