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One of the most talked after event currently in the world is Expo 2020. Dubai got the honor of hosting the World Expo in the year 2020. With the visitor number expected to reach 25 million, it will help to boost rental demand and deliver a strong ROI for investors. Scheduled to run between October 2020 and April 2021, this six-month-long carnival will be based on the theme’ Connecting minds, creating future.’ For the first time, this will bring together the best of innovation, trade, and products from all over the world to the UAE.
1. Travel and Tourism
The hospitality and tourism industry is accountable for about 18% of Dubai’s GDP. The Emirate has several attractions and events that promote tourism. The city hosts various art and cultural festivals like Dubai International Film and Festival and Dubai Jazz Festival and sporting events like Dubai Golf Desert Classic, Formula 1 Race, Rugby 7’s, Dubai World Cup of Horse Racing and International Cricket Matches.
2. Trade and Investment
Dubai has developed as a Forex and Derivatives hub through initiatives of the Dubai Gold and Commodities Exchange. It is a regional hub for trade and investment of commodities such as gold and precious metals, diamonds and colored stones, energy, tea as well as pearls and fashion jewelry. They accounted for 26.5% of UAE’s non-oil foreign trade in 2008.
3. Ease of Doing Business
According to the Ease of Doing Business 2019 report, the UAE scored 11th rank globally and first rank regionally. The indices on which UAE scored these ranks are-
● Getting electricity – 1st rank
● Paying taxes – 2nd rank
● Dealing with construction permits- 5th rank
● Registering property – 7th rank
● Enforcing of contracts – 9th rank
● Protecting minority investors – 15th rank
4. Growing Economy
Dubai’s economy has little to no dependence on oil and has instead diversified into aviation, trade, tourism, financial services, and other industries. As any other UAE country have suffered due to the recent oil crisis, Dubai’s economy has grown with growth expected to increase by 3.1% in 2017.
5. Strategic Location
The UAE is blessed with a strategic location between the east and west. The country is accessible to major emerging economies, linking shipping routes and facilitating goods’ transportation between the various regions in the Middle East, Asia, Europe, and Africa.
In the global environment that we live today, there are plenty of opportunities to participate in the increase of a country/region by investing in it. The investment opportunities in Dubai are one such chance.