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Dubai is one of the most famous places in the world. Visited by over 15 million tourists every year, it's the most popular emirate in the UAE.
When you visit Dubai, you will see how it's full of tall buildings and beautiful structures. Many call it the hub of construction as it's home to some of the tallest buildings in the world, including Burj Al-Arab and Burj Al Khalifa.
Let's have a look at five reasons why so many new buildings are being constructed in the country:
1) There's A Lot of Profit
Construction is one of the most profitable businesses in the world. In fact, most billionaires out there have some form of investment in construction companies.
Many financial experts believe that construction is one of the safest businesses ever, especially if you wish to your money in a quick manner.
Dubai is quickly growing and even international companies are interested in investing in Dubai with many now having their head offices in the country.
The Palm received a lot of press coverage and some celebrities are even rumored to own a part of the islands. Companies sell villas at great margins, earning huge profits, which is a good motivator for other companies to invest in the region.
The profit is so good that many companies have started to spread to other regions as well, including Sharjah and Abu Dhabi.
2) The Government is Supportive
The UAE government wants Dubai to be a major tourist destination. About 15.8 million tourists visited Dubai in 2017 and the government wishes to push the number to 2 million by 2020.
Since Dubai already looks like a concrete jungle, they are working harder to make it look like the most developed jungle.
It has an amazing skyline, defined by huge buildings that are lit when it gets dark. The government has policies that appreciate FDI and push companies to invest in the field of real estate.
In fact, the government often provides subsidies and grants to companies that they think can help Dubai achieve its goals. This is a major reason why so many foreign companies have shown interest in moving their headquarters to Dubai and invest in real estate, which is a fast-growing business in the region.
3) Construction is Now Safer Than Ever
There was a time when construction was supposed to be a risky business due to the involvement of heavy machinery, certain chemicals, and a lack of safety measures. However, things have changed now thanks to the introduction of PowerJackMotion linear actuators and other such tools that make the job easier and safer, which is also why there is no dearth of construction workers in Dubai, which is a problem in many American states.
Workers feel safe working in the construction industry because they know they are in a safe environment. In addition to this, the government also has laws and standards to ensure the safety of everyone working at the site.
This is a major reason why Dubai has a flourishing real estate industry.
4) It's Affordable For a Lot of People
Dubai is not cheap, in fact, it is one of the most expensive places to visit. However, if we look at it from the perspective of investment and construction then Dubai turns out to be surprisingly cheap.
This is largely because most of the labor is imported from Asina countries like India, Pakistan, and Bangladesh. They get very few rights as employees and also make less money than locals working in the UAE, which makes it very affordable for the companies.
5) Computers Make Everything Easier
This is the era of technology. We do everyone on computers, from mapping to 3d construction that reduces the chances of errors.
Dubai is one of the most advanced cities in the world. In fact, many companies first launch their products in Dubai before moving to other regions.
Construction companies in Dubai are even using AI and robots to make the job quicker and easier. There are a lot of mundane tasks that are now being handled by robots, which removes the need to have human employees, hence there's a lower chance of errors and delays.
This technological advancement is the reason why Dubai is far ahead when it comes to construction.
Dubai is growing by leaps and bounds and a lot of credit goes to the construction industry as it does not only help the economy flourish but is also a major reason why so many people visit the city.
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