Over the years there has been a general belief that Dubai is one of the most visited and populated cities all over the world and not that alone, it is also among the famous city for the ultra-wealthy. London is referred to as the top city for modern ultra-wealthy, but you can’t overlook Dubai for its significant investment all around.
Luxury Property L.L.C
According to LuxuryProperty Wealth Report, Dubai is known as the fifth in the world for ultra-wealthy cities. Dubai wouldn’t have made a list if not for the total amount of private investment, inbound and outbound investment, and many more which added to the value of the city.
Dubai boasts of a lot of things that made it easier for her to rank among the best ultra-wealthy cities in the world. Considering the strategic geographical location. Exclusive and sophisticated infrastructures, modern places to visit for tourists, luxurious apartments and villas for rent and purchase, and other means of investment, Dubai deserves to be on the list.
There is a propensity that Dubai will continue to climb the ladder as long as there is an investment in infrastructure, business, and logistics to increase the growth and wealth of the city. There are many other reasons Dubai makes the list which we will share with you.
Economic Value of Dubai
More development will take place in Dubai in the coming years which will boost the economic value of the city. The city gives room for ex-pats and citizens to invest in properties and all kinds of business.
In the year 2020, there will be an event which will take place in Dubai known as EXPO 2020. Dubai will host millions of people from all over the world that will come for the events. There has been preparation going on for the event.
Many investors are making good use of this opportunity to invest in properties. Because there will be high demand for an apartment during this period. Without a doubt, the economy of the city will skyrocket. And that will add to the value of the city come 2020.
Dubai is seen as the center of attention for business moguls. And this is why wealthy and average individuals populate it. Dubai boasts of having millionaires. And billionaires as significant investors in the city.
Dubai Infrastructure and Famous Areas
According to FourCreeds they have come up with some fantastic infrastructures. And buildings that contribute to the overall value of the city. Dubai has a lot of places where you can visit to explore the whole city. Such as the Dubai mall which is one of the most visited in the world.
The mall has added tremendously to the value of the city with some other amenities. Place such as Burj Khalifa, Emirates Palace, and the first human-made island known as Palm Jumeirah. The revenue generated from Palm Jumeirah is fantastic.
There are some others too such as the Emirate Airport, a building with penthouses. And some of the tallest property with exclusive hotels which makes Dubai a paradise. That is not all about Dubai being one of the richest or ultra-wealthy cities in the world, and it also claims its belt in the Oil industry.
Dubai also generates revenue from the Oil industry right from the moment she gains her independence. However, a lot of attention is not given to the oil sector because it isn’t regarded as the major source of economy for the city but infrastructure.
Infrastructure is the center of investment in Dubai, and it has tremendously added to the value of the city in many ways. Dubai could get on the list with the oil sector revenue, but the estate property can’t be left out.