Frequently asked questions about the location

Why should I invest in Dubai property?

There are a number of reasons why Dubai is attractive to property investors, these include:

Expo 2020

Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations. The Expo’s duration is six months and both those that will be working at the Expo and visitors will need to rent property. The rental demand will be high, enabling landlords the flexibility to secure good rents.

Economic Growth

One of the biggest benefits of buying property in Dubai is that the economy of this innovative city has been growing at a good pace, on average 4.7% per year. Dubai has steadily reduced its reliance on oil and opened up its economy embracing tourism, investing in entertainment facilities, shopping malls and its infrastructure to support significant volumes of tourists from around the world. As the international business hub of the Middle East, Dubai is becoming an important player on the world commerce stage.

Projected Increase in Population

Dubai is one of the fastest-growing cities in the world, increasing at a rate of 10.7% annually. The beauty and tolerance of the city make it a prime choice for expatriates, and the growing economy and availability of jobs makes it an appealing place to settle. By 2020, the city is expected to experience rapid growth with the population estimated to reach over 2.8 million, while 2030 could see as many as 3.4 million people. Because of its political stability, thriving economy and diversity, Dubai should have no problem keeping up with the rapid rate of growth over the next few decades.

Excellent Infrastructure

The run-up to Expo 2020 is estimated to create about 277,000 new jobs with a reported investment of AED25 billion in infrastructure related projects. The Emirate recently approved an AED1.2 billion highway expansion project that will ease traffic around the city. The government’s initiative at making it a ‘Smart City’ will use blockchain technology and is one to look out for. Dubai is trying to be at the forefront of technology with the advent of transportation solutions such as ‘Hyperloop’ and driverless cars.

Zero Tax

There is no property tax in Dubai. Once the property is purchased and the registration fee is paid to the Dubai Land Department, there is no other government tax to be paid against the property. If/when you sell the property and there is a capital gain on the value achieved, there is no local capital gains tax to erode the gain made. If you hold on to your property and rent it out, your rental income will not be subject to local tax. You should take advice regarding your own taxation position from a professional adviser.

Good Security

Enjoying virtually no crime is a major advantage of buying property in Dubai. Among the many benefits of buying property in Dubai, one is the sense of security that residents of Dubai enjoy. This is one of the major reasons why people move to work and live in Dubai. While many countries in the middle east region have gone through and still going through their fair share of political disturbance, Dubai remains the most stable city in MENA region.

Strong Regulation

The Real Estate Regulatory Agency (RERA) has made great strides in improving the transparency of the property market in Dubai. All developers have to be registered with RERA and monies deposited by investors have to be held in an Escrow account with limited access to the developer. According to the Dubai Land Department, 149 nationalities were involved in over 26,000 transactions totalling $57billion for the first half of 2016. GCC nationals, Indians and British expats topped the list of investors who clearly understand the benefits of a safe, stable and attractive real estate market like Dubai.

Why should I buy a property at Dubai Science Park?

Dubai Science Park is in the heart of Dubai. Its central position makes it accessible to most of the city’s landmarks including Mall of the Emirates and Sheikh Zayed Road that are only 10 minutes away. Dubai Science Park is a mixed use master plan so it combines both residential and commercial units to make it a dynamic place to live. For young families some of the best schools in Dubai are within a 2 minute drive of the Dubai Science Park.

Where is Dubai Science Park

Dubai Science Park is a complete neighbourhood in the heart of thriving Al Barsha. Located on Umm Seqeim Street, it is served by an excellent road network making all areas of Dubai very accessible.

Are there good schools in this area?

Yes the area benefits from excellent education facilities for children. Outstanding schools in this area include:

King’s School which is located in Al Barsha is the only school in the UAE to have achieved an “outstanding” rating by the Dubai Schools Inspection Bureau every year since inspections began. The school admits children between the ages of 3 and 18 and has 1600 students serving them with world class art, technology and recreational facilities. The school follows the British curriculum with UK academic qualifications. www.kings-edu.com

Foremarke School is located a few minutes from the Dubai Science Park in Al Barsha South. This independent school is the only IAPS world hub school in the Middle East and serves children from prep school age up to junior school. The school covers the UK National Curriculum and prepares children to meet the standards of achievement expected for Common Entrance Exams. www.foremarkedubai.org

Don’t miss out, invest in
Aston Plaza & Residences

Invest in well-designed
Studio Apartments
on Levels 1-3

Invest in chic, spacious
1 Bedroom Apartments
on Levels 1-24

Invest in contemporary
2 Bedroom Apartments
on Levels 23-31

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