Why invest now in Dubai
- Fastest-growing economy and real estate market in the world
- No taxes
- Economic and tourist growth centre
- The population of 1.3 million will grow to 2.5 million in 2010
- 5.3 million tourists now will increase to 15 million in 2010
- Very reasonable prices per sq.m. for real estate
- High return
- Superb climate, with more than 350 days of sun annually
- High standard of living
- Low dollar rate (the Dubai dirham is linked to the US dollar)
Comparison of prices for luxury apartments in square feet
This graph shows that luxury apartments cost three times as much in other major cities such as New York and Singapore as in Dubai, while they cost six times as much in cities such as London and Hong Kong.
Comparison of annual rental incomes
This graph shows annual rental incomes for luxury apartment blocks in Dubai. Rental incomes are two to three times higher compared with the other cities.
Is Dubai undervalued?
Dubai offers a positive outlook for the future as regards creating added value from real estate investments. Dubai is still undervalued compared with most world cities, it offers higher returns (both for rental incomes, and appreciation), and still has plenty of bargains to offer. The facts that we have set out in these pages strengthen our belief that Dubai is destined to become a world city, and to compete with other world cities.
