Why invest in Dubai
Due to Dubai's robust tourism industry and position as the Middle East's most technologically advanced hub, investing in Dubai's hotel industry has become a viable alternative. Due to Dubai's currency's peg to the US dollar and its ranking as the second wealthiest emirate in the UAE, foreign investors may afford to purchase real estate there. Since Dubai's hotel boom, its hotel business has grown by 40% yearly, and it currently ranks third among the top cities for foreign direct investment worldwide.
CIEL Tower, Dubai Marina
Reaching for the clouds, Ciel Tower located in Dubai Marina is not just another addition to the towering Dubai skyline, but Ciel Tower will, upon completion, be the world’s tallest hotel. At a statuesque 77 stories high and 360m tall, the hotel will boast views to some of Dubai’s best loved icons including the beautiful Burj Al Arab and the incredible man-made island that is known the world over, The Palm Jumeirah.
Why invest in Apartments in Dubai
Dubai, a city of skyscrapers, massive shopping centers, and opulent resorts, has spent billions building the best tourism infrastructure in the world and routinely tops lists of Guinness World Records for its outstanding landmarks and famous attractions. The Burj Khalifa, which is the tallest skyscraper in the world, and the Ain Dubai (Dubai Eye), which is located on Bluewaters Island, are two examples of this.
Dubai, which TripAdvisor named the most popular tourist destination in the world for the past 222 days, offers a tempting selection of life-changing experiences, from skydiving to spectacular Dubai safari expeditions. The Dubai Frame, Museum of the Future, and Dubai Miracle Garden, the largest natural floral garden in the world, are a few more well-known sights to see in Dubai.
The Dubai Mall, the largest shopping center in the UAE and one of the greatest places to buy for luxury goods in Dubai, is located in Dubai. Its area is comparable to 50 soccer fields.
Dubai now and the Future
Traditionally known as one of the world’s top luxury travel destinations, Dubai has diversified its tourism offering in the past decade, transforming itself into one of the best-value, family friendly destinations on the planet.
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Looking ahead, Dubai’s visionary Uban Master plan provides a roadmap for the emirate’s development for the next two decades. While parkland and recreational space will account for more than half of the city’s total area, Dubai’s infrastructure will be able to cater for the 5.8 million people who will call Dubai home by 2040.
The Plan also calls for an increase in total space dedicated to hotels and tourism activities by 134% compared with today, while the area used for commercial activities will increase to 168 sq km.
This is great news for international hotel and hospitality investors who are keen to tap into Dubai’s incredible growth trajectory forecast for the next 20 years