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Does Dubai Offer the Best Homes for New Billionaires?

Posted by Geeti Bhatt on September 16, 2022

Dubai, undoubtedly is the most sought-after city in terms of holidays and residency, in the current scenario. Being the fourth most visited city in the world over the last year in 2021, Dubai has attracted a diverse range of visitors, from different nationalities and economic backgrounds. Located in the United Arab Emirates, the city has developed at a rapid pace over the last 20 years and has quickly gained a global presence. Over 200 nationalities that reside over here associate Dubai to an amazing and luxurious lifestyle city.

Due to an excellent location on the map, Dubai is already an international hub for tourism, which is further complemented with worldwide connectivity through Emirates, one of the top airlines in the world. Furthermore, Dubai Airport was ranked as the busiest airport over the last year in 2021, with close to 4,000,000 passengers travelling just within a month.

The lifestyle offered in Dubai perfectly resonates with what the rich and famous desire. The value of luxury in this region is amongst the best as compared to the renowned cities, like New York, Paris and London. All these factors clubbed with tax-free income and no holding tax on assets makes it much more lucrative to own a property, car or any expensive products in Dubai.

These benefits have already attracted over 26,000 millionaires to reside in Dubai, one in every 25 households being a millionaire’s house. Dubai’s economy continues to outperform other regions which further adds icing on the cake. The countless leisure activities, the exquisite cars, the larger than life malls which include top global luxury brands, the stunning architecture along with magnificent living arrangements in the most beautiful locations are reasons why the elite are enticed into living in this gorgeous city.

The luxurious lifestyle experiences that are advertised will only invite more of the wealthy to come and settle down on its shores. For Dubai and its residents this is a very exciting time as further development and growth is expected in the years to come. Dubai’s urban 2040 plan has been laid upon which focuses towards making Dubai the best city in the world to live in. If you are thinking of moving to Dubai or would like to learn why it makes sense for the Billionaires to be a part of this magnificent city, feel free to get in touch with Homes 4 Life Real Estate, where a sales advisor would assist in detail on how you can make the most of your investments in this city.

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