WORLD MOST COSMOPOLITAN CITY
Dubai is currently the world’s most cosmopolitan city, with foreign-born residents making up 83 per cent of its population. Its residents come from more than 200 countries and speak more than 140 different languages. Celebrating every culture and its nationals, Dubai remains the most beloved to its expat residents with its warm & welcoming nature. Dubai, with its old and new neighborhoods, offers its residents an exciting hybrid lifestyle experience spanning across its spirited fun filled streets to opulence of its most iconic and bespoke areas.
SUPERIOR & LUXURY LIFESTYLE
RELAXED VISA RULES
Purchasing a property worth at least Dh1 million now allows the investor to apply for a residency permit. In May, the country implemented a law that allows 100 per cent foreign ownership of companies, followed by the introduction of a 10-year residency visa for investors and specialists.
Dubai offers an average yield of 7 per cent, better than the average yield in international property markets such as Hong Kong (3 per cent) and Singapore (4 per cent).
The non-oil sectors generate 70 per cent of the UAE’s GDP; this is expected to reach 80 per cent by 2021. Dubai’s non-oil sector contribution has already reached 95 per cent.
REGULATORY FRAMEWORK & TRANSPARENCY
Dubai’s real estate market is one of the best-regulated in the GCC with the government having adopted several measures such as the escrow regulation, rental cap, rental increase calculator, and a rental dispute settlement center.
The UAE remains politically stable due to its visionary leadership that works towards development in economic, social, cultural, environmental and political domains.
Dubai is a leading multimodal transport hub. Catering to 8.2 million passengers per year, Dubai International Airport is among the world’s busiest.