United Arab Emirates was founded in 1971, within 20 years in the 1990’s Dubai has become a metropolitan city with two state of the Art Ports, an International Airport, the Flagship carrier Emirates Airline and a world class Free Trade industrial zone in Jebel Ali. In the 2000’s Dubai hospitality experiences significant growth with 44,000 rooms added across 180 establishments in just 10 years. Today the number has reached over 100,000 rooms across 681 establishments in the City.
Located at the crossroads of Asia, Africa and Europe, geography has helped transform Dubai into a platform for these markets and a top destination for both investment and tourism. 2.1 billion people are within a 4 hour flight and 5.60 billion people are within a 8 hour flight of Dubai.
The UAE Dirham being pegged to the globally recognized US Dollar means the value of the currency has enjoyed balance and growth, as well as stability to the import and export trade.
Dubai’s vision to invest heavily in its transport, telecommunications and industrial infrastructure make it an incredibly attractive destination for international Business.
Dubai is free from income tax for residents and there is not Value added Tax (VAT) levied on residential property for investors, making it a very attractive destination in terms of lifestyle as well as investment.
- Some of the highest rental yields in the world
- Strong capital appreciation
- Readily available financing options
Open economic policies, minimal government control and private sector regulation have played an instrumental role in attracting Foreign Direct Investment (FDI).
Free Zones give companies 100% foreign ownership, exemption from all import duties, 100% repatriation of capital and profits and freedom from corporation taxation.
The World Economic Forum’s Global competitiveness Index 2017-2018 revealed that the UAE is the second safest place in the world in which to live.
Dubai Property Prices and Rentals Compared – Add GRAPH/Sheet from PK Presentation
- Emirates Airline, the world’s largest airline announced a $15 billion expansion plan
- $32 billion for the Al Maktoum International Airport Expansion
- $4.1 Billion committed to the expansion of DIFC – Dubai International Financial Centre
- The creation of a Future Endowment Fund worth AED 1 billion in invest in innovation.
- 25% of the vehicles on Dubai roads will be driverless by 2030
- The completion of the model of future global cities, Dubai Creek Harbour, a $1 Billion Project.
- Investment of $8.9 Billion by the Dubai Government in EXPO 2020.
- Leading to 277,000 job by 2020
P.K.Properties
Fadi Sabbagh
Business Development Manager
Suite 304, Cayan Business Centre, Barsha Heights
P.O. Box 212693, Dubai, UAE
Mob: +971 50 396 9960 (whatsapp)
[email protected]
www.pkproperties.ae
