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 investment
property 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.
Newly Added Properties for Sale in Dubai
Further Information on United Arab Emirates - Dubai
DUBAI SEARCH
Search for a property for sale
in Dubai using our extensive property search. Agents developers and private
sellers all contribute to our database of
properties for sale in Dubai and other regions of the
United Arab Emirates. Find your ideal property now.....
DUBAI NEWS
News and articles
on Dubai can be found in our extensive news and articles section of the
Dubai directory. Read useful articles and current news releases on what is happening
with both the country and its property market.
DUBAI MORTGAGES
Barclays Bank have just released their new mortgages for buying a property
in Dubai and we are happy to promote their high street name to our customers. Getting
a mortgage for a property
in Dubai is now as easy as 1,2,3 with Barclays.
DUBAI BUYERS GUIDE
A guide to buying
a property in Dubai - we feature a useful free guide to the buying process
when considering buying your next piece of
real estate in Dubai. Check out our buyers guide for all the information
you need to know about
buying in Dubai.