Dubai Real Estate Market on a rise
Dubai has become a melting pot of societies and culture with people migrating from over 200 countries to reside in the beautiful city. With the ever-increasing population in the city, the real estate has become a hot investment. If we look at the data from 2008 to 2018, there has been an increase of 86% in the population. A lot of housing projects are already underway to accommodate such high growth in population, making real estate grow many folds with savvy investors.
Dubai
is coming up as the smartest city in the world with innovations coming up and
bringing a higher rate of return of investment. Home to the tallest building
Burj Khalifa, the city is attracting huge masses as a tourist as well as
dwellers. No one can deny that with such a rapid increase in population, there
are requirements for establishments such as shopping malls, hospitals, hotels
and even houses. This is coming up as an excellent opportunity for people to
buy properties in the city.
Sheikh
Umar Farooq Zahoor, a Norwegian businessperson, believes Dubai to the next most
significant investment venture when it comes to Real Estate. Mr. Umar Farooq Zahoor, who is
a philanthropist and an entrepreneur, has ventured into various fields. He
tasted success at a very young age with his attention to detail and humble
attitude. He had worked for migrant workers and helped with clothes and food to
poor people. With his dedication towards the betterment of humanity, Dubai has
him as one of the successful businesspersons.
Umar Farooq Zahoor says that Dubai is coming up as an investment city because of the
security that it provides to the people. Dubai remains as the most stable
cities in MENA with struggle going
across all Middle East. Due to the strict government policies and prompt Police
actions, people are hardly on the road causing violence or chaos. There are
rare cases of theft or robbery for the same reason. This has become the first
reason why people are migrating here for better life quality and future.
There
is another exceptional benefit that comes with buying a property in Dubai is no
property tax. This means once the payment for land is made to the Dubai Land
Department for registration, there is no other government tax liability against
the property. This creates a
straightforward choice to invest in the real estate market of the bold and
beautiful city of skyscrapers. With UAE investing in green energy and reasons
mentioned above, Dubai becomes a very desirable place to invest in real estate
offering a good return on investment.
Visit official Site https://sites.google.com/view/sheikh-umar-farooz-zahoor/home
Good day,
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ReplyDeleteThe whole plan looks comfy. And I agree with your reasons to buy properties in Dubai. That is why I am investing in real estate and buying as much properties as I can. I am even attended some events. The recent one was a drone show with Omniyat. I get to see how the drones lighting up the sky in Palm Dubai.
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