Due to the instability of the oil and gas industry, Dubai has started venturing into other economic activities like real estate and tourism. As a result, Dubai has become one of the fastest growing cities in the world. In fact, in the last decade, the city received some of the highest levels of foreign direct investment.
Here are some of the investment opportunities in Dubai
The financial market
The Dubai financial market attracts billions of dollars from foreign investment. There are two main types of stock exchanges in Dubai; the Dubai Financial Market (FDM) and NASDAQ Dubai. The FDM was started in the year 2000 and is regulated by the Securities and Commodities Authority (SCU). On the other hand, the NASDAQ Dubai lists both local and international stocks. Apart from stock trading, it also offers equity derivatives and REITs. It is monitored by the Dubai Financial Services Authority (DFSA). If you invest wisely, the Dubai stock market can offer good returns.
Dubai is one of the most preferred tourist destinations in the world attracting millions of visitors every year. The hospitality and tourism industries are growing at a rapid pace and contribute significantly to the economy.
There are several ways you can invest in the hospitality and tourism industries. For instance, you can partner with hotel developers and management companies. They will help you to get the best hospitality investment opportunities. Alternatively, you can invest in the hotel rooms business. This is a relatively new concept that has started to gain popularity in the recent past.
Real estate industry
Even though there is a wide range of investment opportunities in Dubai, real estate is the most preferred one. There are certain factors that make the real estate industry favourable to investors. For starters, properties in Dubai are priced lower than properties in major cities like Hong Kong, New York, London, etc. Due to its strategic location, the city has experienced significant growth which has led to increased demand for real estate properties.
One of the most prominent features of the Dubai real estate is the off plan market. Currently, there is a wide selection of off plan projects in Dubai such as the apartments for sale in Madinat Jumeirah Living. The biggest advantage of buying an off plan property in Dubai is its lowered cost and friendly payment terms.