Invest In Dubai Property

Located on the southern coast of Persian or Arabian Gulf, Dubai is the 2nd largest of the seven emirates that constitute United Arab Emirates. Dubai has a population of 1.35 million inhabitants of which majority consist of expatriates. Dubai has the biggest population among other cities of UAE. Major parts of Dubai consist of rolling sand dunes. During the last few decades, Dubai has experienced a hasty development in every field of life. Twenty years back and you would find Dubai, a city inhabited by itinerant Bedouin roving across with their flocks and herds. Today, Dubai has become one of the most modern cities in the world. With the continued boom in industry sectors such as tourism industry and Dubai Property industry, Dubai has fast become the center of attraction for millions of people and businessman around the globe.

To some extent, Dubai is little different from rest of six Emirates of UAE. Unlike other Emirates, revenues from oil products contribute only 6% of the Gross Domestic Products of Dubai. The major contributors in its GDP are the tourism sector and the real estate sector. Later has gain a significant importance in the economical growth of Dubai. Today Dubai proudly holds some of the tallest skyscrapers in the world.

With nonpareil facilities and lifestyle on offer in Dubai, many people are planning to make Dubai as their second home. Some are even planning to relocate their. This has resulted in an increase in the property demand in Dubai. The increase in the demand of Dubai property for sale has forced the hike in price for properties in Dubai. With the announcement of new laws for property in Dubai, Dubai has able to magnetize many property investors around the globe. According to AME Info (leading press release website about Middle East), a massive investment of USD 4 billion has been committed in the Dubai property market since the passing of new laws for property in Dubai.

Dubai Investment Fund has planned to broaden the horizons of property investment across the following three branches of Dubai property market.

1- Commercial Property in Dubai

2- Industrial Property in Dubai

3- Residential Property in Dubai

DIF has aimed about 15 to 20% annual growth in the investment funds for Dubai property sector. One of the major developments in Dubai real estate market has been the announcement of new Dubai Freehold Property Zones. Expatriates can own in these zones either on permanent basis or on the basis of 99 years lease. This factor has significantly intensified the Dubai property market. All of a sudden, Dubai property market converted from an average local market into a full of activity international market. With matchless lifestyle Dubai has now become the heaven for millions of people in quest of a trendy and out of this world lifestyle.

The Dubai property prices have shown a significant upward trend during the last few years. Dubai property market has seen a 40% increase in the rental price against the property for rent in Dubai during the first six months of 2005. The price of property for sale in Dubai has also seen an increase between 20 to 50% during 2006. According to many real estate experts, this is the best time to invest in Dubai property market as prices are set to see more heights during the upcoming years with ever increasing property demands. Many investors are turning to invest in Dubai property market to take home their share of benefits that Dubai property market has on offer for its investors. There is a lot of profit on offer in Dubai property market if you can play your cards well. All one needs is the careful survey of Dubai property market.

Investing in Dubai Property Market

Dubai is certainly a dynamic property market. Villas and townhouses are sold within a very short period of time. Developers offer rebates to investors who invest heavily and if you buy an entire floor of a building, chances are there that you will be offered discounts that will position you to achieve windfall capital gains over a period of time.

However, there are some regulations; especially if you are a non resident. The first and foremost is that you must have resident visa to buy property in Dubai. But those who have the resident visa with themselves or are the residents of Emirates, are sitting on a stack of opportunities.

With its ever-flourishing economy and increasing headcount, residential properties in Dubai enjoy astonishing volume of demand. According to the estimates of Emaar, a Dubai-based developer, there are about 20 residential projects that are open for sale in Dubai, currently.

Most of the property projects are located within the radius of 20 kms of the central business district where the Sheikh Zayed Highway runs alongside the emerging Burj Dubai district. Projects near the location of ‘Dubai International Financial City’ are the most sought-after ones that have the potential to deliver returns to the tune of 50-200 per cent in the next three years.

For investors looking for regular income in the form of monthly rental, furnished apartments offer superior rate of return on investment. Unfurnished properties in Dubai, on the other hand, are preferred by mostly the non residents who move into the city just recently.

For more details on Dubai Real Estate log on to magicbricks.com

Investing in Dubai Property

Property Investment is a growing industry, as global markets go up and down daily, you need a safe and stable place to invest. Property is a key investment option of many people’s portfolio. You can invest in property and have a nice place to retire or you can have it as an investment for the future. However you don’t want to just buy any property anywhere, you need to find the right area for development. This can be difficult, but it can be done and you will be able to find the right Property Abroad

One of the key markets for investment is Property in Dubai. 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 you need to move quickly, but smartly, when it comes to planning to Invest in Dubai. You need to make sure that you not only get the right advice, but also that you get the right property.

When it comes to Dubai Property investment, you need to have the right advice. Dubai is a thriving investment area and you can get lost in all of the different deals and areas that are waiting for you. Having suitable professional help will guarantee that your budget is catered for and that you feel relatively little stress when it comes to your Property Investment.

Thanks to the huge growth potential of the Dubai Property market you can find a suitable property. However, it must be said that as Dubai is one of the cultural and vibrant places to live on Earth, the cost of living has to be accounted for. The lowest end of the Property in Dubai investment costs start at around £20,000. This can suit you if you have a small budget but you feel that Dubai will give you excellent return in the future. These properties will be comfortable and pleasant to live in and will give you a real flavor of Dubai life.

For those who can afford true Dubai living then the high end of the Property Investment market can be over £1,000,000. This is for those who want to have the luxurious and sumptuous lifestyle that Dubai truly offers. If you have the budget for this type of property then you will have some of the best options that Dubai has to offer. The return on these properties will be beyond your wildest dreams.

There are many different styles of Property in Dubai, 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.

When you think of Property Investment seriously consider Dubai as the only place to buy!

Investment Property in Dubai

A few years back, many investors would have thought that an orthodox country such as the UAE could be a lucrative real estate investment destination. But with a little foresight and intelligent alliances, the rulers of the UAE have transformed the oil-dependent Middle East country into a major tourist hub with huge investment opportunities being thrown open to the global real estate investors looking to buy property in Dubai.

Dubai is a dream destination as far as temporary or permanent visitors in the country are concerned. The Europeans just love the modern amenities readily available for cheaper prices than their home countries. The guarantee of quality life at highly affordable cost of living makes Dubai a real hot potato for the British real estate investors.

Property Market in UAE - Dubai

Dubai is on the move and some serious developmental projects are under way on a large scale to transform the fortunes of the country. Almost everyday, reputed international companies are exploring the means of setting up their shop in Dubai. This is attributed to some aggressive promotional and developmental strategies adopted by the government.

The Burj Tower, with 188 storeys, is set to be the highest building of the world housing the 7-star Al-Burj Hotel. The Burj Tower is the jewel in the crown as far as high-rise and skyscrapers are concerned. Dubai is planning to host more than 200 buildings to increase its population from present 1.3 million to 4 million by 2015.

The country as a whole has some enchanting sites to visit. From the sand dunes of great deserts to pristine beaches to rugged mountains to lush-green well-maintained parks to ancient villages to places of worship to swanky shopping malls, you name it and you have it in and around Dubai.

The country offers an open port with low import duties. That’s why duty-free shopping in Dubai is on a high-priority list for the locals as well as visitors in the country. It is impossible to find a woman who has not heard about the annual Dubai Jewellery Shopping Festival.

Many European families prefer Dubai as a second-home destination because they can easily find maids and helpers at a fraction of what it costs in Europe and America. Such facilities are common in Dubai due to a large migrant population from Asian countries, like India, Pakistan, and Bangladesh, who are looking for menial jobs with decent pay.

Even though the UAE is a Muslim country, Dubai is an epitome of multi-culturalism in the Sheikhdom. For long, it was dependent on the Petrodollars for perking up its economy. However, the recent interest in developing tourism and tourist-related activities in and around Dubai means the investors are flocking in their droves.

International Golf and Tennis tournaments have lifted the global profile of Dubai and it’s been increasingly seen as a hub of international activities, particularly in the Middle East. You can also indulge in plenty of aquatic adventures, such as scuba diving and snorkelling, on a vast Mediterranean coastline. And while, in Dubai, don’t miss out on exploring the Manhattan of the Middle East, the Abu Dhabi City!

Dubai Calling !

Seeing the growth potential of Dubai, the government has emersed itself in overdrive in attempt to attract high-end as well as low-end global real estate investors. For the high-end investors, there is Palm Island property which currently attracts international celebrities, like David Beckham, don’t be surprised if your sharing your neighbourhood with a top Hollywood or sporting celebrity!

Even if you are planning to buy property for rental purposes, there’s no place better than Dubai. The city is fast turning into a services hub, which generates immense demand for Studio Apartments as well as separate dwelling units for small and medium families.

Some of the other attractive features that’ll surely lure you to invest in Dubai property include -

No Capital Gains Tax

Immense capital appreciation (15% - 25% annually)

Simplified buying process

Freehold for foreign investors

World class entertainment and other facilities

Year-round sunshine

The price of Studio Apartments in Lakeside Development - IMPZ start from £49K, and other properties starting from as low as £23,000. Cheap apartments in Dubai are fast becoming a favourite of the astute property investor.

The Disneyland attraction in Dubai also contributes to a huge demand for Dubai property from just about every kind of investor.

The best part of investing in Dubai as an overseas investor is your status as a property owner. You will be a freehold owner of the Dubai property you purchase. To meaningfully make investment attractive in Dubai, the government has also relaxed several formalities and done away with rigorous procedures. It’s now much easier to invest in a high-end Dubai property with minimum help from a legally qualified professional. However, the language issue may compel you to hire a professional who can guide you accurately in realizing your Dubai real estate dreams.