Dubai is one of the most iconic places in the world, and not only in the United Arab Emirates (UAE) where it is situated. Two other UAE cities are well recognised around the world for the services they deliver – Abu Dhabi and Sharjah – but they don’t equate Dubai in any way whatsoever. It’s like Dubai is on a different plane when you equate it to the rest of the so-called best destinations of the Middle East, let alone the UAE.
If you are planning to buy property, there cannot be a better place than Dubai. It has world-class projects, like Emaar Beachfront and Beach Isle, that will take away your breath.
The tourism industry here is rising
Tourism is an essential part of the economy of Dubai. The area is full of tourist sites to enjoy. Trade, industry sectors and business services are the other relevant sectors in this situation.
The fact that new real estate developments and lodging facilities are being set up, such as hotels, means that the tourism industry in the region is booming.
It has the museum of the future
One of the main tourism draws in Dubai is the Museum of the Future. Here you can see what awaits in the new and best models, as well as displays that appear to be immersive in nature. The museum has other attractions, such as science seminars. In addition, it offers high-level courses on emerging developments and accomplishments in science.
The museum is intended to concentrate on solutions to the most important issues facing humanity as a result of climate change around the globe. These three issues are water supply, self-sufficient cities, and food security.
It appears to be the happiest city in the world
It was in 2016 that Dubai created a ministry called the Ministry of Happiness. The major objective of this ministry was to create initiatives as well as policies that could play a key role in raising the level of satisfaction among people living in Dubai.
High-class transportation routes
Dubai is one of the cities that is constantly trying to develop the infrastructure that it has in the area for transport. Hyperloop One, a company based in the United States of America (USA), is currently developing a faster travel route between Dubai and Abu Dhabi. This is supposed to be the first working machine the organisation has developed in the world. When this device becomes functional, people will be able to fly between cities in capsules that are supposed to travel at a speed of 1,200 km per hour.
This also means that when this project is operational, you’ll be able to fly between Dubai and Abu Dhabi in just 12 minutes. It’s real, as incredible as it may seem. According to Hyperloop One figures, there will be about 4000 such pods flying between Dubai and Abu Dhabi daily.
Low level of crime
One of the big benefits that you feel like a property owner in Dubai is the low crime rate. The risk of small offences too is smaller. And if you leave your wallet in your vehicle, and it’s too obvious, you don’t need to think about it because the probability that it will be stolen is much less.
You do not have to pay property taxes
The most significant advantage of buying in Dubai’s real estate industry is that you don’t have to pay any taxes on the same.
This covers all residential properties and their industrial equivalents. This means that if you buy a house over here, you don’t have to pay any extra taxes on the same thing.
You will get great returns on your investment
The real estate market in Dubai is getting better, even though the population of the city is rising. This has almost become an annual theme. Also, developers are mindful that the increasing population is sage when it comes to buying a property in order to keep up with the rise in demand for rent.
These were some of the benefits that you can avail while living in Dubai. Madinat Jumeirah Living is one of the highly recommended places to buy property in Dubai due to its amenities.