CONSISTENTLY GROWING ECONOMYIn just 20 years Dubai had been able to develop from a small village in UAE desert to a one of the leading world city. Only 5% of Dubai economy relies on oil income, while 95% is diversified between: Global trading, Financial services, aviation, tourism, Real estate CONSISTENTLY GROWING POPULATIONDubai is the second largest of the 7 Emirates and has the biggest population. People from 200 countries are residing in Dubai. According to Dubai statistics center, the population had grown from 2,4 mln in 2016 to 3.3 million in 2021 and expected to reach 5.3mln by 2030. SECURITY AND SAFETYUAE with its extremly low crime rate is a very safe country (ranked world's safest country). It is perfect for families and wealthy individuals. UAE INVESTOR VISAReal estate investments of AED1,000,000 ($272,000) and more allow to obtain Investors visa.Property valued at 1million = 2 years residencyProperty valued at 5million = 5 years residencyProperty valued at 10million = 10 years residency NO PROPERTY TAX & STABLE CURRENCY No property income taxNo capital gain taxNo inheritance tax Freehold ownershipThe national currency, AED (Dihram), is considered one of the world most stable curently. It had been pegged to the US dollar at a rate of 1USD to 3.6725 since 1978 HIGHER RENTAL YIELDSDubai offers higher rental yields then many other mature real estate markets.On average the investors may achieve gross rental yield of of 6-9%. DEVELOPMENT AND INNOVATIONDubai is hosting the worlds largest concentrated solar power project at Mohamed bin Rashid Al Maktoum solar park which will cost 14.2 billion dihrams and will generate 700MW of clean energy. project is planned towards 2050Other upcoming Dubai innovations include:self flying taxi, flying police motorcycle, hyperloop project, the new world highest tower. HIGHLY DEVELOPED TOURISMWith over 15.5mln of tourists visiting Dubai yearly, Dubai 4th worlds most visited ciy after London, Paris and Bangkok. It has the world's highest visitors VS residents ratio with 4.9 visitor per residentin 2009 to 5.7 in 2016.
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