Dubai GuideDubai is extremely well known for its warm hospitality and rich cultural heritage, and the Emirati people are welcoming and generous in their approach to visitors. The reason why it is considered as one of the most popular overseas locations for expatriate professionals seeking employment opportunities, opening a business, investment prospect or even settling down in the fastest growing, most exciting destination in the world. This is a modern and cosmopolitan city that has a highly business-friendly government. The state policies permit full repatriation of profit and capital. There is no income tax or sales tax here. This tax free life style suits the people who invest here or settle here. When foreign Investors purchase freehold properties, they have full freedom to self occupy it or rent it out. When they sell it, they get 100% repatriation rights. Around 4/5 in of the working population of Dubai consists of expatriates. These people are paid the most test salaries as compared to the rest of the world. Since these people enjoy tax free lifestyle, they do not mind shelling out Inhabitant rents. Thus, it is very easy to rent out properties to them as individuals or for the companies they work for. Due to the above reasons, more and more international investors are lured towards investing in freehold properties as they are assured of attractive returns on the money they invest in such properties. This city is vibrant and highly efficient. It has the right mix of a stable politics, relaxed society and tax free lifestyle. One of the reasons why Dubai has become a popular tourist destination because of its prime development and luxury projects within the city such as Burj Khalifa (Tallest Tower of the World) Dancing Fountain (The Worlds Tallest Fountain) Dubai Metro (Biggest rail system in the World) Palm Jumeirah (The biggest man made palm shape islands) , Emirates living (residential area in the middle of a golf course), Arabian ranches (residential area in the middle of the dessert for golf and polo enthusiast). The open nature of the society in Dubai makes it a haven for people who want to retire or of settling outside their home country, since it is a lively place which has people of all religions, open culture, dynamic society, highest standards, with fantastic lifestyle, safe, excellent education and healthcare facilities and is overall a place where living is dream. Dubai is stepping in a good pace towards a bright future. |
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