Dubai Property Market Cooling

In Dubai there are now strong signs that the government is getting some sort of grip on the excesses of the Dubai property market - and about time too. We have long viewed the market as quite high risk. The market has an unusual set of drivers and is not exactly the most transparent place to buy property.

The huge amount of building there inevitably raises questions about oversupply,but seemingly so far demand has outstripped supply.

Price growth in some parts of Dubai has been reported to be an almost unbelievable 79% in 2007,that is on top of already impressive growth figures in the previous years. High growth is continuing in 2008.

Now in mid-2008 the government is stepping in to to regulate off-plan purchases,mortgages and are implementing a whole raft of measures to cool the market. These are likely to do the job they are intended to do.

Like some of the buildings in Dubai the property market has seemed to defy gravity. With high prices and more heavy government intervention I would be even more wary of investing in Dubai than I have been in the last few years. It remains to be seen where the Dubai property market will head next and whether the Dubai government can really use their oil money to turn a patch of desert into one of the world’s true commercial and financial centres.

Overall,I would avoid Dubai as an investment location,high investment returns can be made elsewhere for much lower risk.

Dubai Property Market - An Investor’s Viewpoint

The Dubai Property for sale market is probably one of the most watched and fastest growing property markets in the world,and has been for the past 2-3 years. Real Estate agents and agencies in Dubai are popping up all over the place and developments are rising out of the desert at a pace that puts most cities to shame. Property prices as well have been attractive for investors over this growth period,with many people who decided that buying property in Dubai is a smart move,are experiencing a return on investment (ROI) of sometimes 100% in a matter of two to three years. One shouldn’t expect this amount of growth to continue as the property market in Dubai begins to mature,but there are still an ample amount of attractive developments and financial incentives to make people think long and hard about Investment Property in Dubai. One of the most attractive things about the property market in Dubai are the new property laws that were established in early 2006,that put more stability into the property market,and helped to assure investors of their rights.

The property market in Dubai,however,isn’t for the novice investor and does take a bit of due diligence for those people looking to make some money. One of the most important factors to consider when thinking about buying Dubai Property is whether the developer is reputable. Since the property market has grown so quickly,it has left room for first time developers to attract investors with flashy pictures and 3D models of Dubai Apartments,but without any real experience in property development. Eventually this means a lot of new home owners are moving into their new Dubai property and finding lots of structural faults. That said though,the Dubai Property rent market has almost made this a moot point,as the demand for rental properties in Dubai are such that landlords can rent anything for near record prices and consumers have no alternatives. Hopefully with the passing of the new Dubai Property Law,this will be eased in the future.

Dubai Property Investing

The Dubai real estate market has grown significantly since the introduction of freehold property law in 2001,and as a result,there are a large variety of finished developments,and exciting developments under construction.

Another reason for the current buoyancy in Dubai is largely down to the fact that local investors are reining in their overseas ventures because of the above list of issues and they are focusing significantly on investments in their own backyard. So Dubai property is doing quite nicely,thank you out of the fact that interest in the region is certainly not abating.

Furthermore,there are many options for those who want a good return on their initial capital outlay and the selection of Dubai properties can suit many budgets. It is because of this that investors need to move quickly,but smartly,when it comes to planning to invest in Dubai property. It is vital to make sure that investors not only get the right advice,but also that they get the right property.

Due to wide range of Dubai property selection,it is easy to find a suitable property. Dubai property prices can offer you from low to high end cost,whichever would suit you. There are many different styles of Dubai properties,many different buildings which cater for contemporary,modern and traditional tastes. All Dubai property is expertly made and lovingly furnished and can offer you great year round rental possibilities. Rental in the Dubai property market is a big industry,you can make year round profits from your investment and you can make money even when you are not in Dubai.

Further boosting the success of Dubai property is the rate at which tourism in the UAE is increasing as well as the rate at which international businesses are expanding in or recolating to the region. Due to the innovative projects that have been announced for freehold development,there has been a huge increase in interest from overseas investors and the Emirate of Dubai is now regarded as a top tourist destination and top place to own a home. The rate at which the population is expanding in Dubai is fascinating,but more fascinating is the fact that this population expansion is not expected to slow down any time soon. More residents and more popularity have caused prices to generally rise,but due to the competitive market for property,there is such a large,diverse market with real estate for every type of budget.

When you think of property investment seriously consider Dubai as the only place to buy!

Dubai Property For Sale

Where to place and grow your money is not an easy thing to do. As with any other investments,vthe risks can be very high. In a jiffy,all your earnings will be gone if external and internal factors do not go well. However,your investment can rake in super profits with careful planning,lots of hard work,determination and passion.

There are many options to choose from when it comes to where you can invest your money. One lucrative industry however is real estate and surprisingly,Dubai is one of the top destinations for real estate.

While going around Dubai or even when you go online,the “Dubai Property for Sale” sign is already a common sight. This is mainly because Dubai is one of the fast-deeloping business areas. Buildings and establishments are built left and right.

Why is Dubai experiencing such a rising development and why is its real estate industry booming?

Aside from being a developed area,Dubai has been rated by Interpol as one of the safest countries to live in. In addition,Dubai is strategically located in the middle of Europe,Africa,Asia and the rest of the Middle East.

This prestige and image makes Dubai an increasingly famous tourist destination and business development area. As years pass by,Dubai has enjoyed a 16% growth rate in the tourism industry. In 2001,over 3.4 million tourists chose Dubai for their vacation and statistics reveal that this figure will bloat to 6 million in four years,with an estimated 200,000 visitors a day! The tourism industry is developing so fast that supply of hotels,condominiums and other facilities will take up to a decade to catch up with the demand.

A hot Dubai property for sale would have to be condo hotels. Condo hotels allow the owners to own a vacation house in Dubai and yet earn profits when it is not in use. The concept allows owners to have the units rented when unoccupied. With the increasing demand for hotels and lodging in Dubai,condo hotels are being built and sold and these are good investments. To put your mind more at ease,real estate market researches show that investors can very well expect a return of a minimum of 30% on their properties. Investors can expect a rapid turnover in their capital.

Another hot Dubai property for sale is office buildings. With its strategic location and booming economy,commercial buildings are being built especially in the center of the city. Some say that almost 1/3 of the world’s cranes are in Dubai for the construction of new buildings.

The economy of Dubai continues to grow and it is very well on its way to being one of the top commercial districts or business areas in the world. With more and more companies setting up offices in Dubai,rental or sale of office buildings is a very wise investment indeed.

Check the statistics. Check the real estate market. Then you may be convinced that investing in real estate in Dubai may be your ticket to wealth and financial security.