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Real Estate and the 2020 ‘movement’

According to the World Bank rakings, UAE occupies the first place in the MENA region in terms of doing business, and the 26th place in the world, overpassing countries like Japan or France. On the other hand, it comes to no surprise that UAE ranked first in terms of paying taxes, being renowned for its tax-free environment. With its numerous free zones, excellent infrastructure, governmental aid, strategic location and safe transportation, UAE has scored far ahead from its neighbors Bahrain (63), Oman (66), Qatar (83), Saudi Arabia (94) and Kuwait (102).

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TOP 5 amazing new projects coming up in Dubai (2017)

After oil and trade, the construction industry in the UAE stands as the third largest income supplier, as the UAE Ministry of Economy expects the country’s GDP to grow around 3% in 2017. As Dubai approaches the finish line for Expo 2020, the construction sector is expected to witness a 4% growth compared to 2016. Major government investments, continuous population growth, and the relentless effort made by the developers to correlate supply and demand and feasibility, has open the road for large projects in healthcare, hospitality and residential sectors. Among numerous projects taking place at the moment, there are few which stand out:

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Want to make money? Invest in land

According to a report released by Reidin-GCP, the land prices in the first six months of 2017 have increased with 13%, while the housing sector has suffered. Land transactions have witnessed a steady growth since 2016, which led to an appreciation of prices. As the Expo 2020 preparations gather momentum, the land transactional activity will be fast paced, consequently pushing the prices even higher. Land has become the new investment trend in Dubai, with more and more investors being encouraged to buy and sell land, rather than developing properties on their own. The report from Reidin shows a staggering fact: throughout the last 14 years, land-investments in Dubai have surpassed the residential units investments by more than 50%. Dubai issued 38% more construction permits in 2016 than in 2015 and this trend continues to grow, as the government has decided that it is time to manage the scarcity in plots availability and offer new locations for development towards the south and the west areas of the city. The already built-out areas like Downtown, Dubai Marina, Palm Jumeirah or the Sheikh Zayed Road’s main attraction points were becoming extremely difficult to source, thus creating a shortage in land supply, with many owners still holding onto their assets after the last economic crash.

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Dubai South – will this be the best place to live?

Since its inception in 2006, Dubai South has earned its place in the world’s top 5 best communities to live in, in the infrastructure and transport category. Projected to sustain a population of 1 million people and to create more than 500,000 jobs, Dubai South has benefited from an on-going government investment in infrastructure projects and has become the home of Al Maktoum International Airport (the largest airport in the making), Expo 2020 and Dubai Metro’s Red line, which will add an immense capital growth value to the area, once completed. This master planned “aerotropolis” has acted like a magnet for investors, developers and home buyers who saw the potential and took the opportunity. The first two residential communities will be completed by 2019 and are expected to host affordable apartments and townhouses, with prices starting from 300,000 AED for a studio. However, land prices along the Dubai ‘s Route 2020 are likely to surge, as the development pace picks up and the demand increases.

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Why should you invest in a warehouse in Dubai?

Despite the decline in oil prices and amid the uncertainty in the global economy and the GCC region, UAE stands as a strong performer due to its steadfast unflagging efforts to diversify the economy and break the chains from its oil bound industry. Nowadays, UAE ranks as one of the fastest growing economies registering build-up in sectors like metals, building materials, food and beverage manufacturing, or digital manufacturing technologies. The bold vision set forth by the government is seeking to develop more high end manufacturing expected to play a crucil role in creating jobs for the rapidly expanding population, by offering the infrastructure necessary to build micro-factories and sustain the consumers good and services.

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Affordable housing in Dubai, a reality or a mirage?

Dubai – a city where the luxury and ultra-luxury constituent has been the main focus since the establishment of the freehold market in 2002, has received a wake-up call in its diverse social structure’s needs: the lack of affordable housing. Communities without affordable housing quickly become segregated by income and family background. In order to promote economic and social diversity, any community needs to provide for the needs of all families. Well-placed affordable housing developments allow communities to welcome a wide range of families and to create a vibrant, diverse, group of residents.

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Dubai residential market – 2016 Performance & 2017 Outlook

Dubai’s residential and hospitality markets are currently at a cyclical trough suggesting the transition towards a more mature and robust market. Facing global volatilities and headwinds coming from geopolitical disturbances, US elections, Brexit, persistently low oil prices, the market has proven relatively stable showing the first signs of recovery, which will most probably become evident in 2017.

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10 Reasons to Invest in Dubai Property

There is no news that Dubai has been ranked the best place in the world to invest, but what makes this future-forward city so appealing? To quell all doubts, I have put together a compelling blueprint of why any investor should acknowledge the exceptional value of Dubai property market:

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