Dubai Real Estate
http://dubaireal-estate.co.uk/
Where to place
and grow your money is not an easy thing to do. As with any other investments,
the 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-developing 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.
Tags: Dubai Property
for Sale, property
in Dubai
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February
2, 2009 2:24 am |
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Dubai Property -
Dubai Real Estate
We are known in Dubai as the Palm
Island specialists,having dealt with
these fantastic man made islands since they were launched by Nakheel a few years ago. Therefore,if you’re looking to buy a nice little mansion by
the sea with the height of luxury,then here’s some Dubai
real estate that you should take notice of Palm Jumeirah’s
and Palm Jebel Ali signature villas,garden
homes,garden villas,water
homes and shoreline apartments are the fastest moving properties on the local
market here at the moment,with many fantastic
investments for the high net worth individual.
They may not be
what everyone wants,they probably aren’t what a lot
of people can afford,but to all those investors that
like the idea of living on an island in a really big house (I’m guessing
most),then read on as we will give you a taster of what is out there.
The Palm Jumeirah,phase one of the Palm trilogy is located just off
the beach after the Burj Al Arab (large hotel that
looks like a sail) in the up market Jumeirah area and
is already home to the residents of fully completed sections,these
are called “fronds”. If you have seen the pictures of the fronds,you would probably think its just rows upon rows of
bland houses stuck together to maximize the numbers,however,upon
closer inspection it’s not really so as all the properties have a unique look
or theme to them. Sure,there
are quite a few houses but it is a really big tree shaped island and a one of a
kind top notch address. Remember though that each of the signature villas comes
with a private swimming pool and,best
of all,private beach for all you sea lovers. Also
keep in mind that the land area for each villa is much larger than the area for
the house which is called “built up area”,meaning
looks can be deceiving and you actually get more space than you would think. So
if you have a plot of 13,000 square feet,and
your house takes up 8,000 square feet,you still have
a good 5,000 square feet of garden to play around with as you wish with
features such as barbeque area,kids play ground and
the like.
There is a huge
gap between demand and supply of villas on the Dubai property market now,it’s no wonder that the signature villas on the palm
have been so popular. They have the name ‘signature’ because owners can choose
the fixtures and fittings of the house according to their tastes some of which
we will list below to give you examples,and
there are so many different exteriors to choose from too,your
house is nothing like your next door neighbours’,which
of course you would expect when you are paying top dollar like this. A variety
of these different styles are available on our site,if you click here.
Dubai Real
Estate investment is a difficult decision no matter how much experience you
have in the market,no matter where you buy and the
best way to get the right property is to find out as much information as you
can beforehand with research. Since these signature villas are,for the most part,finished,why
not go take a look and judge for yourself with a drive out to the Palm,which can be arranged by us on a VIP tour. Any good
real estate broker should always advise you to explore all your options before buying,especially in the Dubai property market
because it is so new,and we certainly do!
Tags: apartments, buildings, dubai,
homes land, properties, property, real estate, villas
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January
26, 2009 2:23 am |
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Dubai
Pearl - Dubai Real Estate Property Development
Developed by
Pearl Dubai FZ LLC,Dubai
Pearl is a US
billion top class mixed-use development. The best part about this development
is its location. Situated opposite the Palm Jumeirah,Dubai Pearl is also in close vicinity to Dubai
Technology and Media Free Zone. Even better,it offers the breathtaking views of the Dubai coast making it a
place to be.
Estimated Time of Completion
Expected to
complete in the end of 2010,the development will
redefine the beauty of Dubai
with a 24-hour living city with residential,retail
and commercial facilities. Pearl Dubai FZ LLC has put in a lot of effort in
energy efficiency so that Dubai Pearl can become the first integrated walkable city centre in Dubai.
Dubai is growing at a
rapid rate and with the addition of Dubai Pearl,there is no doubt that development rate is not going
to decline in near future. On the other hand,it will give rise to further competition and equally
spectacular properties. Another good thing about this development is that it
will give a boost to the business fraternity by offering straightforward access
to prime locations such as Jumeirah and Dubai Media
City.
Other Dubai
Real Estate evaluation
When we compare
Dubai Pearl with other real estate projects in the region,we find that it is altogether different from other
projects in terms of its design and features. For example,it will include green building standards and
sustainable development features. In addition,there is also going to be recycling facilities for
food waste,glass and paper.
If we look at
the residential section of the project,we
will notice that it is one of the most luxurious of the projects. It will
consist of sky palaces with gardens and private pools,condominiums,luxury apartments and sky penthouses.
Apart from that,it will also
contain tower and famous hospitality brands. If you are a culture lover,you do not need to worry,as Dubai Pearl will also feature a 1,500-2,000-seat
state-of-the-art theatre.
Another unique
thing about this development is the climate conditioned pedestrian walkways.
When completed,it will also
have a street café ambience with top class restaurants and cafe. Residents of
Dubai Pearl will get the latest in technology. It includes,high-speed Internet connectivity,personalized
entertainment services. Initial signs are that it will contain 14,500 parking bays,with number of them also
featuring robotic parking. Even better,it
will be linked to Dubai Metro and other different kinds of public transport for
further comfort of its residents.
Features of Dubai
Pearl
Some of the
features of Dubai
Pearl are mentioned below:
o Design by well known architects
o Urban infrastructure in place
o Just fifty minutes from Abu Dhabi
o Straightforward access to brilliant transport links
o Five star hotels
o Premium commercial space
o 24 hour security
o Sports facilities
o Spa and gym
The whole
development of Dubai Pearl will consist of six freehold
residential
towers with 2,000 one,two,three
and four bedroom apartments,duplexes and penthouses.
It includes Jumana Tower Residence,Luluwa Tower Residence and Mahara
Tower Residence. There is going to be a three star luxury hotel tower in Dubai
Pearl as well as two four-star hotels and one a 720-room five-star hotel. The
Swiss Mövenpick Group will manage the five-star
hotel.
Tags: Dubai Pearl, Dubai
Property Development, real
estate property investment
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January
19, 2009 2:23 am |
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Dubai Palm Property
I am sure many
of you who know, or have read about Dubai property, will have been impressed
with the standard of choice of free hold real estate on offer throughout the
emirate. There are numerous villas and apartment developments from which to
chose, many featuring novel and unique designs and concepts. However some of
the more discerning buyers amongst you may present the small criticism that a
lot of property on offer in developments is all the same, with not enough
unique and individual houses on offer.
Well the
signature villas on the Palm Jumeirah and the Palm Jebel Ali should please such buyers given they are all
individual. All signature villas have individual specifications from which to
pick, both internally and externally, making no villas the same. The only
quality they all share is in the space and luxury they offer, along with a not
so insubstantial price tag.
The choice of
exteriors is large; you can no doubt rest assured that you can find a style to
fit your liking. Arabic, Mediterranean, European, Contemporary, Caribbean, Ranch, Floridian, Spanish, Italian, Mexican
and Balinese! Is that enough for you! Just take your pick. Nakheel
really made an effort with the options here,and there is really is a style for everyone. The villas
have on offer five,six or
seven bedrooms and won’t leave you short on space. And it should go without
saying that these villas are all fitted out with a range of the latest
technological and communications toys. Fixtures and fitting also won’t disappoint
here.
Impressed? Well
we have not even come to the best bits yet. All the Villas come with a private
pool, and large spacious landscaped gardens. Add to this that all signature
villas come with a private beach as well, and you can’t fail to be awed. Some
villas also have sea views, so you really can have the total package. It
therefore may not be a huge shock to realize that these villas are very
popular, and prices have gone through the roof since the initial offering. They
are not cheap by a long shot, but when you consider that they cost less than
most property for sale at Emirates Hills, and come with the added bonus that
many offer sea views, and all offer a private beach, they don’t seem so
expensive. Combine this with all that the Palm Islands
have to offer, and you certainly have an interesting investment.
Tags: Dubai Palm
Property, dubai property investment, Palm Property
Dubai, real
estate in dubai
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January
12, 2009 2:23 am |
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Buying Property in Dubai
For the global
investors, Dubai
has become the hottest place to invest in. Dubai is a land of promise with its Amazing
developments and projects that have captured the attention of the investor
world wide. To give impetus to this already building excitement was the
implication of the May 2002 law that facilitated the Dubai property by foreigners.
There is
approximately billion that has been invested in the property of Dubai some of which are
complete while others which are in its developing stages. With this kind of
massive investments, the Dubai
real estate market is beckoning investors far and wide. Dubai
is the investor’s paradise, here the investors are spoilt for choice, and Dubai offers the ideal
environment to buy property. Here you can invest in towering buildings to beach
villas to restaurants, you name it and you have it. Such is the lure of Dubai that it has
attracted several star celebrities such as the soccer star David Beckham and
his posh wife Victoria and also the likes of Rod Stewart and Michael Jackson.
It is untrue
that only elite class can buy property in Dubai.
In fact there are locals of the emirates who are increasingly buying property
instead of paying exorbitant rent to the landlords. Due to the rise in real
estate investment there has been a major increase in the number of real estate
agents and dealers who are having a flourishing business.
In Dubai the mortgage market is still in its nascent stages,
but there are other schemes of payments available that aid property buyers in Dubai. The city is pulsuating with the kind of energy that its real estate
market is having. If you invest in the real estate market you are guaranteed to
emerge as a winner. You may either choose to sell your property or rent it, no
matter what you choose high returns are on the card. You can also buy a holiday
home in Dubai for there is no other place in the
world where you can get the kind of luxury that Dubai offers.
The rent in Dubai is steadily
increasing, but this shouldn’t be taken as the norm, as very little of the
property has actually been developed others are still in their development
stage. While Dubai
is witnessing a construction boom, the boom is skewed, it pays more attention
towards the development of villas and luxury resorts leaving out the home for
poorer section and the labor class.
Another problem
that is common is the bad traffic conditions that prevail here. But hopefully
with the development of monorail much of the pain will be eased.
Tags: Dubai property, property of Dubai,
Real estate
investors
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January
5, 2009 2:23 am |
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Buying
Property in Dubai is an Exciting Proposition
Buying property
in Dubai’ has
been one of the frequently discussed topics, especially among groups actively
analyzing various regions for overseas property investments. In fact, on
various occasions ,the discussions have been
transformed into heated debates, with the participants quite adamant on
establishing their opinion on the subject. Well, if you have been a witness or
involved in such events and come away feeling confused about whether buying
property in Dubai
is for you, then this article could assist you in making up your mind.
Buying property
in Dubai, as an
overseas investment avenue, is quite an interesting proposition.
The property
market has grown at a phenomenal pace thus pumping up the rents and prices, and
demand continues to grow. Investors from all over the world are closely
analyzing the region to look for the next property to invest in.
Property investments in Dubai
In an attempt to
understand the supply movement in Dubai’s
property market, let’s begin by identifying the plus factors offered by the region,for those contemplating
investment.
Dubai is a rich nation and there isn’t any
income or personal tax to be concerned about (hurrah!). The government has
invested heavily in the infrastructure, and the Dubai landscape resembles an American city
due to all the glass and concrete building. The tallest skyscrapers and the
largest projects, like the Burj Dubai, are currently
the identification marks of the city. This present scenario, more or less, is
the realized output of Sheikh Mohammed Rashid Al-Maktoum
(Dubai’s
ruler). Dubai
has four ports; the largest port is at Jebel Ali, the
world’s largest artificial harbor created over 20 years ago, and is one of the
world’s busiest ports for container shipping.
When buying
property in Dubai,
the property market is quite tempting in terms of prices and prospects. This
includes the construction market, which is moving at a commendable pace to
quickly create grander structures than the already applauded; and they easily
qualify on the quality parameter. In fact Dubai’s
Emaar Properties is, by now, working towards the construction
of even grander structures, to further lure the interested. Foreign ownership
of property is a recently introduced concept, which highlights the positive
political framework in this direction. Tax advantages are explicit, which
further strengthen the reason for buying property in Dubai.
To encapsulate
the scenario, it can be stated that the Dubai property market’s expansion drive
is comparatively young, but owing to the rapid pace of developments the market
has matured a little earlier than expected, thus perhaps raising concerns.
However, indications of further
stabilization are apparent.
Despite the
boom, buying property in Dubai
is still cheaper than various other commercial cities of interest. For
comparable constructions in Dubai and London, the difference
could be 4 times the base price. The tax advantages are also superior in
contrast to various other overseas property investment options. According to
recent research, the British own more property in Dubai than any other foreign nationality. One
of the reasons Brits are heading for Dubai
is because they can earn more income. A ‘Wealth Ranking Survey’ by NatWest International showed that expats
can earn up to 40% more on average than their peers in Britain.
Dubai is expected to grow as a tourist
attraction, as well as being the preferred business destination, while other
countries present negligible scope in that direction. Dubai regions / projects,
which are worth checking into include: Dubailand; The
Burj Dubai Complex; Dubai Marina; Dubai Waterfront;
Business Bay, etc. In conclusion, if you’re looking for an investment, buying a
property in Dubai
could be exactly what you need.
Tags: buying
property in dubai, Dubai property, international
property
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December
29, 2008 2:23 am |
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Buying A Property In Dubai
There are very
few with even a passing interest in property abroad who won’t have read
something about Dubai and its unique property market by now. It has only been open
to foreign investors since 2003 and freehold ownership is not due to become an
option until later this year. Dubai,
which is the second largest of seven Emirates forming the United Arab Emirates
(UAE),has a population of 1.67 million,80% of which
are ex-patriates. As Arab states go, and even by UAE
standards, Dubai
is probably as liberal, stable and Westernised
as they come. There are no problems for women whatever they choose to wear,
religious tolerance is the order of the day and drinking of alcohol is not
prohibited, although public drunkenness is seriously frowned upon so it may not
be the ideal venue for your upcoming stag party.
Judging Dubai’s fledgling
property market by the standards of anything else on the planet is a little
pointless, it simply isn’t like anywhere else on earth. Parallels may
occasionally be drawn with Las Vegas,
but the most similarity you’ll likely find is the planned nature of the cities.
Dubai is
certainly a very contrived city if you look at it in that way, don’t expect to
find too much organic and disorganised property
growth here, everything is being planned to a tee. It also has a penchant for
taking the best and most celebrated design and architectural features of other
countries and cultures to use in new and unusual ways. It is possibly not much
of an attraction for architectural purists but still quite intriguing as a
design ethos.
In terms of
financial attractions for both developers and investors they don’t get any
stronger than Dubai,
tax-free status is as good as it gets. As Ray Norton of Larionovo
says,” the tax situation here tends to be a fairly short conversation,
there are zero taxes on pretty much everything.” It is easy to gloss over the
effect that this has on attracting incoming economic activity until you take a
quick look around Europe and see the effect that dropping corporate tax rates
to 15% has for a country. This will give you some hint of the attraction to Dubai. Kofi Annan recently went so far
as to label Dubai
‘an economic miracle’ so the Emirate obviously has friends in high places. It
is essentially a tax-free zone in its entirety and this fact has not been lost
on the corporations of the world. Of course an Irish investor will still be
taxed in Ireland on all
their overseas income, but you can’t blame Dubai for this.
One of the main
drags on this market to date has been the inherent difficulty in arranging
mortgage finance. This is rapidly changing with the impending introduction of
freehold laws and the chances are that freer availability of mortgaging will
continue to drive price inflation in the region for the foreseeable future as
will the nature of some of the more mind-boggling schemes being presented to
investors.
One of the
things which most worries many people about the entirety of the United Arab Emirates
is not the fact that there is any intrinsic political instability, there has
been no history of this in the region since transfer of power from the British
in 1971,or even before that time. It is really more a
question of some of the entities surrounding the Emirates not having a similar
reputation. It can be difficult to convince those unfamiliar with the area how
little this has affected it up to this point. There is obviously nothing to say
that some undesirable won’t decide to focus the region because of its liberal Westernised policies or rich oil reserves, based mostly in
the neighbouring Emirate of Abu Dhabi, but advocates
claim you may very well be in more danger located anywhere near Shannon and
thus tend to ignore this possibility.
Another argument
against investment here is the lack of democratic political structures. The Maktoum family have been very
benevolent rulers but not everyone in Dubai
agrees with their vision for the future. The argument for a focused single
ruling entity can be very visibly seen in the ease and speed with which huge
new projects can be vetted and actioned, this simply
doesn’t happen in the democratic world. The flip side of this coin becomes more
obvious if you don’t agree with the actions taken by this unchallengeable
authority. Not everyone is comfortable with such irrevocable powers but many
country’s experiences with democracy and its ability to cater for the common
good haven’t exactly been riveting so I guess you could argue either way.
Spiraling rents
for homes in Dubai
is obviously seen as a boon for property investors but it should not yet be
viewed as the norm for the market as very little of the planned property in the
Emirate has actually been built yet. As it stands, low-paid workers are already
priced out of the local rental market, where rates increased by around 40% in
2005. The rate increases were so large that the governing Maktoum
family intervened to cap rising rental rates. This highlights something which
may become more of a problem with time. While Dubai
is witnessing a construction boom, the trend is almost completely toward luxury
apartments and villas, leaving little accommodation for unskilled and
semi-skilled workers, mainly from India,
Pakistan and the Philippines.
Even if the Emirate succeeds in its attempts to make this the Mecca for all tourist related traffic in this
region it will be necessary to accommodate such workers but there don’t
currently seem to be any incentives to supply product for this significant
market sector.
Traffic is also
currently a huge problem in the city with traffic jams sprouting at just a
minute’s notice, and this is before most of the property has even been built.
You would shiver to think what levels of traffic will be present when all the
building is completed. The lack of any reasonable public transport system
doesn’t help much but the plans to build a monorail system to alleviate the
problem will surely bring smiles to the faces of all Simpsons fans.
Unlike most
world cities where property is built to service a growing need, Dubai is entirely the
reverse, which is what makes it so hard to pin down. The long term plans laid
out for the city by the all-powerful, and highly revered, Maktoum
family drive property development. This in turn invites investors to buy into a
market which has basically been engineered from nothing. It is this flagrant
invitation to investors, normally a very bad sign of a market, which bothers
most people about Dubai.
Because of the unique way in which the Emirate has chosen to populate its
territory it is difficult to see how else it can find buyers for the vast
amounts of property it intends to build. Ray Norton of Larionovo
is quick to point out, however, that there are more than 100,000 expats per quarter applying for visas to enter the country
pushing demand for property here along with the huge investor rush into the
market. It still has to be acknowledged that the very new and unique nature of
this market has led to near mass hysteria on the release of new projects with
some selling out in hours.
This obviously
leads to spiraling prices and the scenario of properties changing hands many
times before they are even built. Such activities have given the Dubai property market a
bad name in certain sectors but others view it as an open invitation to invest
and prosper. Whether Dubai
suits you as an international property buyer will depend entirely on whether
you feel the plans for the city into the future are visionary or an ill-judged
attempt to fiddle with the mechanics of property based market economics. It is
far too early to say which side will be proven correct but it will be very
interesting to watch this new and unique market unfold.
Tags: dubai, investing in the
UAE, Overseas
property, Residential
investment in Dubai, UAE property
market
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December
22, 2008 2:23 am |
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Buy Property in Dubai
Dubai, a fast rising city known for its skyscrapers, shopping malls, and
of course, it very popular sand and sun. This city is actually one of
the seven emirates in the United
Arab Emirates. Not too long ago, this was
once a peaceful town known for its coral-and-gypsum huts located in the Bedouin
traders and the pearl divers. But today, Dubai
is becoming even more popular because of its excellently engineered buildings. Dubai is considered as
the most populated and second largest in the United Emirates. Because of its
fast-paced rise to economic growth, Dubai
properties are now a hot market around the globe.
The wealth in
this city has attracted many businessmen and tourists worldwide. At the moment,
Dubai
properties like real state are a great and safe investment. Among the notable
major projects in this amazing city are the Palm Islands,
and The World. There are also many other projects like the Dubai Marina, Business
Bay, Burj, Dubai Complex, Dubailand,
and the Dubai Waterfront. Of course, Dubai
would not be this popular if not for its innovative and ultra-modern
architecture. This kind of one-of-a-kind architecture is known as the skeikh. The popular edifices that use this kind of
constructions are the Emirates
Towers and the Burj al-Arab. The latter is known as the tallest hotel in the
world today and is found on the offshore property in the Persian
Gulf.
Dubai’s
Business Bay
is also considered as a very popular piece of property in the magnificent city
of Dubai. This
business district is where you can find hundreds of skyscraper buildings. The
freehold policy of Dubai
makes it an alluring place for investors and buyers from all parts of the
world. This law is favorable to foreigners to own a freehold real estate in any
part of Dubai.
This kind of policy requires no stamp duty or any other tax which you can buy
at a very competitive price. Since the introduction of this law in March 12,2006,investors started pouring at Dubai. Also,the demand in real estate is relatively high and
might short supply many off plan developments upon the day of its release.
Dubai Foreigners
holds the right to lease or purchase any portion of land after the three
master-developers, Al Nakheel, Dubai Properties and Emaar approve them. There are three kinds of ownership that
a foreigner can acquire after all the necessary requirements are completed, the
freehold, usufruct, and the common hold.
With the many
attracted foreigners and investors in this city, Dubai
is now an international hotspot for all Dubai
properties and real estate which are for sale within your reach. The rear
market specifically sets the standard for property development in all corners
of the world. With the recent developments in this city, there is no doubt that
the Dubai real
estate market is the perfect place for all your investment. So, if you are
looking for Dubai
real estate and other properties, you can always find the best one that offers
extreme satisfaction.
Tags: Buy Property in
Dubai
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December
15, 2008 2:22 am |
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Boom in Dubai
Property Investment
Until a few
years back, buying freehold property in Dubai
was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable
changes were made to the emirate’s property laws. Currently,Dubai
real estate sector is witnessing a rapid upward trend that’s expected to go
even higher with the passage of time. Population of Dubai has grown manifold
over the past few years given a sharp and growing increase in the number of
expatriates. Both veteran and would-be investors across the globe are eyeing Dubai as the property
investment paradise for a long time to come. Property for sale in Dubai has already
succeeded in drawing the attention of foreign investors.
Investment in
Dubai property,whether it’s buying property in Dubai
for permanent relocation or business,or you simply
want to cash in on the most popular investment trend in Dubai property i.e.
buy-to-let,is very lucrative. The immense development
Dubai continues
to undergo with massive infrastructure projects reflects the exploding need for
space for the country’s multiplying populace. Given these circumstances,the boom in Dubai
property market doesn’t seem to slow down at any point in the foreseeable
future. These upward trends of Dubai real estate
make investment in Dubai property extremely
risk-free for foreign nationals and they can choose to invest in Dubai even with their eyes
closed.
Nearly all of
the buyers of Dubai property find property
resale and buy-to-let trend as the most attractive features of property
ownership in Dubai.
Some recent announcements point towards Dubai’s
becoming a tourist hotspot in the near future with more recreation than ever.
Newer entertainment and recreation projects are underway which have already
drawn a great deal of international attention. The emirate, which is already
termed as a playground in the desert, is soon to have more to offer to the
world’s recreation seekers. This much international focus means an even
stronger property market potential with returns that continue to shoot up.
To the benefit
of investors, though not a positive sign for the buyers with no commercial
intent, the demand for Dubai property, Dubai apartment, Dubai villas or any other type of property in Dubai by far outstrips
the supply. This demand/supply disparity makes Dubai property investment an extremely
attractive prospect for the foreign investors. As the experts of Dubai property forecast, the market is lucrative for the
investors who already bought property in Dubai.
But the market is not so friendly for those seeking rental
property right now. If you’re one of those lucky enough people who have
already secured property in Dubai,
you’re likely to be reaping profits. But if you’re on the lookout for a decent
rental accommodation in Dubai,
you might have a hard time ahead as the prices are very high and are set to
rise higher.
Experts
speculate that the population of Dubai
will be doubled in 2010. This will turn Dubai
into one of the world’s hottest destinations for expatriates and holidaymakers
alike and this just bodes so exceptionally well for property investors.
Tags: buy Dubai property,
Dubai property,
Dubai real
estate, property
in Dubai, rent
Dubai property
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December
8, 2008 2:22 am |
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Advantages
of Property Investment in Dubai
One of the
reasons why Dubai
continues to grow and thrive is that it is such an amazing tourist destination
for the majority of European travelers. The impressive five year plan for growth
and development initiated by the Dubai
government makes Dubai
quite attractive to investors worldwide. At the same time financing in a
foreign country can be tricky at times. But Dubai is a good arena to seek financing
because of the foresight of the Vice President and Prime Minister of Dubai, His
Highness Sheik Mohammed Bin Rashid Al Maktoum in
creating a secure financial law that protects both borrower and lender from all
sorts of malevolence.
Investors who
wish to invest in Dubai should choose well-backed
planned properties that go along with the government’s scheme for mass
development and beautification of the city to off plan properties that provide
a more affordable means of entering the real estate market in Dubai. Applying for financing on Dubai properties can be
done directly through their infrastructure for quick, easy and secure
transactions that will get you into the action in the most competent manner
possible.
One of the most
important advantages of financing Dubai
property is that investors are never subjected to some of the hidden fees that
often complicate real estate transactions in other parts of the world. Moreover
tax advantages are incredible when financing Dubai property as there are no taxes on
capital gain or income taxes assessed on residential or commercial rental
properties in the UAE.
The most
important reason is to invest in Dubai
is financial security. At a time when real estate, housing, and mortgages have
lost their overall future value that they once held, this is the one spot in
the world where owning land remains a secure and clever investment.
Tags: dubai,
Dubai property,
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investment, real
estate, real
estate dubai, real estate
investment
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December
1, 2008 2:22 am |
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