Why investing in Dubai is so popular…?
Because..Bank of America said….
Dubai real estate a worthwhile investment
A strong growth in population, realistic targets for job creation and excellent existing infrastructure make Dubai real estate a worthwhile investment, according to bullish research from one of America’s biggest investment banks, Bank of America (BofA) Merrill Lynch.
The research stated that if those jobs were created, and the new population had an average household size of three people, Dubai would see demand for an extra 317,000 units, or 94 percent of current stock. This increase in demand will affect the dubai real estate market in a positive way .This property boom will be very beneficial for the investors and property buyers so if you want to secure your investment future then start buying valuable property from now.
Property investments in Dubai are undoubtedly attracting much interest from investors thanks to the potential offered. Dubai is much more than a tourist destination, with many businesses also setting up in the Emirate due to its excellent location and favorable tax system. Capital gains and income yields are at par with other international property markets and with no personal income or capital gains taxes, it is easy to see why investing in properties in Dubai is so popular.