The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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This creates a positive environment for real<br />
estate investments, with property prices<br />
and rental rates rising accordingly. Add<br />
to that the stable political environment;<br />
Dubai is a politically stable city, with<br />
a transparent and investor-friendly<br />
environment, providing investors with<br />
peace of mind, knowing that their<br />
investments are safe and secure.<br />
Moreover, Dubai is characterized by a<br />
tax-friendly environment, with no personal<br />
income tax and a low corporate tax rate.<br />
This makes it an attractive destination<br />
for investors looking to minimize their<br />
tax liabilities. Also, Dubai is home to a<br />
rapidly growing population, driven by<br />
factors such as immigration, employment<br />
opportunities, and a high standard of<br />
living. This creates a strong demand<br />
for housing, which in turn drives up<br />
property prices.<br />
Furthermore, Dubai offers a wide range<br />
of real estate options, from luxurious villas<br />
and apartments to affordable housing. This<br />
diversity makes it easy for investors to find<br />
the right property to suit their budget and<br />
investment goals. Dubai is also investing<br />
heavily in its infrastructure, including<br />
transportation, healthcare, education,<br />
and more, creating new opportunities<br />
for real estate investments. Add to that<br />
the strong rental market in Dubai, driven<br />
by a growing population and a shortage<br />
of housing. This creates opportunities<br />
for real estate investors to earn a steady<br />
income from rental properties.<br />
<strong>The</strong> enhancement<br />
of infrastructure<br />
has played a pivotal<br />
role in making<br />
Dubai an attractive<br />
choice for travelers,<br />
corporations, and<br />
investors.<br />
Tax Benefits:<br />
Investing in Dubai’s real estate market<br />
offers several tax advantages, including<br />
no personal income tax, so all income<br />
earned from an investment property is<br />
yours to keep. <strong>The</strong>re is also no capital<br />
gains tax, so profits from selling a<br />
property are tax-free. Additionally, there<br />
is no VAT on property transactions,<br />
which include the purchase price,<br />
renovations, and improvements. When<br />
renting out a property, expenses such as<br />
maintenance, repair costs, advertising,<br />
and agent commissions can be claimed<br />
as deductions.<br />
Infrastructure Development:<br />
<strong>The</strong> UAE, particularly Dubai, has<br />
undergone significant infrastructure<br />
development in recent times due to<br />
factors such as an increase in tourists,<br />
the growth of businesses, and future<br />
plans for expansion. This has resulted<br />
in Dubai having modern and luxurious<br />
hotels, shopping malls, and office towers,<br />
making it an appealing destination for<br />
travelers, businesses, and investors<br />
seeking to benefit from its growth. If<br />
you’re considering investing in Dubai’s<br />
real estate, now is a good time, as ongoing<br />
infrastructure development is expected<br />
to drive property values and provide good<br />
returns for investors.<br />
<strong>The</strong>re are various methods you can<br />
use when it comes to investment plans. A<br />
pre-existing property might be purchased<br />
and rented out, or an off-plan property<br />
could be purchased and sold for a profit<br />
after it is finished. Whatever approach<br />
you decide on, be sure to have a clear<br />
exit strategy so you can optimize your<br />
earnings.<br />
<strong>The</strong>re are a few considerations to<br />
make if you’re seeking the greatest real<br />
estate investment opportunities in Dubai<br />
for <strong>2023</strong>. <strong>The</strong> Dubai real estate market is<br />
extremely volatile and unpredictable, so<br />
before making any investment decisions,<br />
it’s crucial to complete your research<br />
and speak with a professional. Property<br />
in well-known neighborhoods, such as<br />
Downtown Dubai and Business Bay,<br />
is constantly in high demand and has<br />
a history of steadily increasing value.<br />
Also, because they have such enormous<br />
<strong>March</strong> <strong>2023</strong> www.thefinanceworld.com 65