Located in the upcoming Business Bay, Elite Business Bay Residences is a 20 storeys development that provides fully furnished spacious apartments. Elite Business Bay residences will surely be the top choice when it comes to location, contemporary living, and convenience. Affordably priced studio, 1, 2 and 4 Bedroom apartments with the spectacular view of Dubai canal and Burj Khalifa, Elite Business Bay Residences are equipped with quality interiors and amenities. The lowest price in Business Bay, AED 1108 per square feet, this development will surely give a great return on investment. Podium based development with swimming pool, retail stores, and all other amenities just minutes away, this development is only 5 minutes’ drive from Dubai Mall.
Affordability: Dubai is synonymous with glitz and glamour, but it was the theme of affordability that has dominated Dubai Real Estate in Q1, be it residential or commercial.
New visa and investment rules: The Government of UAE has announced new economic reforms enabling 100 per cent foreign ownership in companies and long-term residence visas for skilled and creative employment categories.
Ease of Business Setup: Free zones also give companies 100% foreign ownership; exemption from all import duties; 100% repatriation of capital and profits; and freedom from corporate taxation.
Dubai's booming tourism industry: The tourism sector will feel invigorated with the newly made as well as ongoing projects such as Museum of the future, Dubai Frame. Dubai expo would certainly make the emirate a sought-after destination. Areas like Jumeirah Village Circle and Dubai South should certainly be in high demand.
The Dubai Expo 2020: Come October 2020, and the world will witness Dubai playing host to the World Expo. The Expo is likely to give a boost to the UAE economy and forecast to pump almost $40bn into the economy. It will have a positive impact on Dubai’s real estate with the property prices expected to rise in almost three years. Various sectors, including the construction segment to retail, are expected to benefit from the mega event.
High return on investment: Lack of taxes, relating to property appreciation, capital gains, salaries and rental yields should mean strong returns on investment.
Low Crime Rate: UAE is one of the safest countries in the world with lowest crimes rates in Dubai and Abu Dhabi.
Open & Free System: Open Economic Policies, negligible government control and private companies’ regulation have played an instrumental role in attracting Foreign Direct Investment (FDI)
Current Tax and Political scenario: Property prices could decrease by 10 to 15 percent in the next two years, due to geopolitical risks, new supply and the introduction of value added tax in the Emirates. Property prices dropping, which can lure potential buyers and investors.
Quality of life: Dubai is an internationally recognized most desired lifestyle destination with topnotch living standards and outstanding connectivity, a prominent example being the Dubai Metro.