This Is Why The World’s Billionaires Are Buying Properties In Dubai
Many of the Billionaires and the millionaires of the world are buying properties for sale in Dubai. They’re looking for second (or third or twentieth) homes right here in the UAE, particularly in Dubai. Many of these foreign businessmen, entrepreneurs, and working professionals have seen an opportunity in living in this city. The business sector in Dubai has grown tremendously fast in the past years and is still continuing to grow. And, it’s showing no signs of stopping. With the increase of foreign expats coming from all over Europe, Asia, Australia, and North America, there is clear proof that there really is something worthwhile in Dubai. People want to live in Dubai and they certainly want to do business in Dubai. This Is Why The World’s Billionaires Are Buying Properties In Dubai.
Even with the fluctuating economies of the different major cities in the world, Dubai’s economy still remains solid. Sure, challenges have come its way but business people working in Dubai still ultimately come out on top. One of the reasons that is, is because Dubai is a tax-free city. You read that right! You don’t have to pay taxes in Dubai. So, if you’re an entrepreneur, you get to keep all your profits and none of it goes to the government because you don’t have to pay income tax. Think of all the additional income you could have! This is because the government is wealthy enough on its own. This law is what makes Dubai such a great place to do business, Dubai has a free enterprise system, which means that the government has minimal involvement with your businesses, as long everything you do still abides by their laws.
Speaking of laws, another reason people buy property in Dubai is because of how safe it is to live in Dubai. What Dubai residents usually brag about living in Dubai is how there’s virtually no crime in the city! It is one of the safest cities on earth. People in Dubai joke about how it is a city where you don’t need keys anymore. This is because the residents feel so safe that they usually don’t even lock their house doors or their car doors. They can do this without having to worry about whether their personal belongings will get stolen or have to worry about being physically harmed by others. Imagine living in a city where you don’t have to worry about your own safety! Doesn’t that sound wonderful? No wonder why billionaires would want to live in Dubai. The residents in Dubai respect their law enforcement so much that they actually want to obey them.
Another reason why billionaires want to live in Dubai is because of their ever improving infrastructure. Dubai’s infrastructure are talked about all over the world. Who doesn’t know about the Burj Khalifa, the tallest skyscraper in the world, or Dubai’s famous man-made Palm Island. When you see it in person, it’s impossible not to be amazed. Engineers and architects alike marvel at Dubai’s multiple innovative infrastructure. These things have only been possible because Dubai truly loves innovation. Who wouldn’t want to do business in a city where innovation is not only welcomed but embraced?
Dubai is also a melting pot of culture. Since people from all over the world come to live in Dubai, the city really has a multi-cultural environment. You’ll find people from every race and nationality. And, if you’re a foreign businessman, you wouldn’t need to worry about a communication barrier. Because the culture in Dubai is so diverse, everybody speaks English! Did you know that only about 15% to 30% of Dubai’s population are locals. Most of the people who live in Dubai are expats looking to build a business or career in this great city.
So, if you’re a business person looking for a place to build your second home, Dubai is a great place for you. Not only will your profits increase because you no longer have to pay income tax, but you will also be able to build a network of professional workers, business people, and entrepreneurs from all over the world. If you want to find a property in Dubai most suited for you, we can help. We EDRAJ Real Estate Brokers are determined to help you find the best homes with the best deals we can give you. Whether you’re looking to buy apartments for sale in Dubai or if you’re looking for extravagant villas for sale in Dubai, we can do it for you. Our website has powerful advanced filters that will allow you to fine-tune your search results. You can also consult our agents anytime! You don’t even need to call ahead to schedule an appointment. Plus, EDRAJ does not charge any extra agency fees or premium fees. Make the right choice and buy a property in Dubai today!