UAE’S GDP PER CAPITA
Dubai’s economy is projected to grow 3.8% in 2020 which will be higher than the global growth forecast of 3.6%.
According to Interpol, Dubai is a politically stable environment and a safe city for citizens, residents and visitors as it considered to be one of the safest cities in the world in terms of crimes and health.
GOOD RETURN ON INVESTMENT
While Dubai still offers one of the lowest prices in real estate it continues to offer the highest yields in the world averaging 7-8%.
The UAE dirham is pegged to the globally recognized US dollar which allows the currency value to enjoy balance, growth, and stability in import and export trade rates.
UAE PROPERTY VISA
Dubai offers Residence Visa on full ownership of a residential property of AED 1 million as well as issuing a 5 or 10 years Golden Residency Visa. The new system enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100% ownership of the business on the UAE’s mainland.
“In 2019, the UAE implemented a new system for long-term residence visas. The new system enables foreigners to live, work and study in the UAE without the need of a national sponsor and with 100 per cent ownership of their business on the UAE’s mainland. These visas will be issued for 5 or 10 years and will be renewed automatically.”
0% tax on residential real estate in Dubai investments and income with no limitation of transfers outside the UAE.
The 100% business ownership policy that was announced this year will allow large businesses to accelerate growth and integrate with global markets for long term growth.