ECONOMIC FACTS
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The UAE provides investment opportunities with favorable tax policies and a booming property market. An ideal real estate expansion location with a currency, growing economy, and robust infrastructure.
◼️GDP per Capita: In 2023 the GDP per Capita stood at $92,023 (one of the highest worldwide).
◼️Economic Growth Rate: A 3.6% increase in 2023 from 2022. UAE’s economy grew by 23 times over the past 50 years. The UAE is ranked 5th among the richest countries of the world in 2024.
◼️Overall Economic Stability: UAE Dirham is one of the most stable currencies in the world.
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The UAE's booming tourism sector drives economic growth and offers lucrative investment opportunities, attracting global investors.
◼️Ranking: Ranked 18th in the world travel and tourism development index report 2023 and no.1 in the Middle East region.
◼️Tourism: 28 million+ guests in hotel establishments in 2023 generating revenues of AED 43.5 billion! This makes approx. 11% tourism sector’s contribution to the GDP in 2023.
◼️Location: The UAE’s strategic geographical location positions it as a central hub for international trade and commerce.
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The UAE boasts one of the most advanced transport and infrastructure facilities in the region.
◼️Number of Airports: 9 international airports. Dubai International Airport being one of them which is the world's busiest airport.
◼️Number of Seaports: 7 seaports handling international trade. Port of Jebel Ali being one of them which is the world’s largest man made harbor.
◼️Road Networks: Ranked 6th globally in public transport satisfaction index report 2023.
◼️Rail Networks: The UAE has one of the most advanced and rapidly expanding rail networks in the Middle East, enhancing connectivity and boosting economic growth.
INVESTING IN UAE
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Investors in the UAE can benefit from lucrative real estate opportunities driven by economic growth and high demand for upscale properties.
◼️Market Trends: Real Estate is the 2nd largest sector in attracting FDI (Foreign Direct Investment).
◼️Market potential: It has been further expanded following the investment in construction projects worth $250bn. If an investor buys a property in UAE, the value is expected to increase significantly over time.
◼️Property Value: Competitive prices with high capital appreciation potential.
◼️Rental Yields: Most recent average rental yields were measured around 6-12% in major cities.
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The UAE's favorable tax policies and business-friendly environment make it a top destination for global investors.
◼️Corporate Tax: 0% for taxable income up to AED 375,000 (approx. $100,000), 9% for taxable income above AED 375,000.
◼️Real Estate Taxes: No capital gains tax and zero wealth tax on disposal of real estate or securities by an individual.
◼️Tax Incentives: Due to the above-mentioned tax incentives investors are able to get maximum return.
◼️Investment-Friendly Policies: Simplified procedures for foreign investments, reduced bureaucratic hurdles.
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With a Prime Residence from Titans RE you can take advantage of the huge tourism in UAE creates an exorbitant demand for apartments for short-term rentals.
LIFE IN THE EMIRATES
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The UAE attracts investors with its superior quality of life, excellent education, healthcare, safety, and high living standards.
◼️Healthcare: State-of-the-art medical facilities.
◼️Education: World-class education with numerous international schools and universities. For example, UAE University, Khalifa University, and the University of Sharjah are all ranked among the top 1000 universities in the world.
◼️Safety: Low crime rate, ranked as one of the safest countries in the region.
◼️Living Standards: High Human Development Index (HDI) score and excellent public services.
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The UAE's cultural richness and diverse activities create a compelling environment for investors, enhancing business opportunities and quality of life.
◼️Cultural Diversity: Diverse cultural heritage where people from more than 200 different nationalities coexist with numerous festivals and museums.
◼️Recreational Activities: Abundant opportunities for outdoor activities, sports, and entertainment.
◼️Lifestyle Amenities: Modern shopping centers, fine dining, and vibrant nightlife.
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The UAE's expat-friendly environment and strong community support create ideal conditions for business and personal growth.
◼️Weather: In winters mild 20 degrees, whereas Summers get very hot occasionally 37° or more
◼️Local Community: Friendly and hospitable, with a strong sense of community.
◼️Population Size: 9.89 million (25% under 18, 60% between 18-65, 15% over 65)
◼️Expat-Friendly Environment: Numerous expatriate communities and support networks. The region is known for its welcoming people.
◼️Language: Widespread use of English and Arabic in business and daily life.
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