Property In Dubai

 

DubaiDubai is a city that offers the magic of Arabia in a ‘state of the art’ setting. Developing at a rapid pace it is one of the leading holiday and tourist destinations in the world. Positioned between several continents, its distinctive blend of cultures makes a visit to the city a stimulating experience.

 

Although compact, it offers the best in hotels, facilities, leisure activities and shopping opportunities and is a fashionable destination for corporate events due to its location and world class business environment. As one of the most sought-after real estate destinations worldwide, investing in property will see a high return.

 

Dubai is one of the most modern and progressive Arabian states open to the West. Tourism is the fastest growing industry here, fashionable as a tourist destination due to its range of activities and shopping, over four million visited the city last year alone. The amount of expected visitors for 2010 is estimated at over fifteen million and with the majority of hotels of a luxury standard with prices to match and nearly 100% full all year around, there is a high demand for alternative accommodation.

 

Recognized as the main trading centre for the Middle East due to its excellent strategic location, international corporations are opening up their regional offices here. Many new developments offer high tech facilities for businesses, such as Dubai International Financial Centre, Internet City and Media City. Dubai is the perfect location to do business, not only for its tax free benefits but also its proximity to Central Asia, the Middle East, the Eastern Mediterranean, Africa and the Asian Subcontinent. These regions are potential business goldmines as there are more than two billion people located here.

 

Since the government allowed foreign ownership of properties in particular areas of the city, overseas ownership has increased significantly. The government encourages overseas property investment by tendering attractive deals to investors. When it can be as much as 40% cheaper to buy a property than to rent, most people opt to buy.

 

With international companies setting up offices here, employment has risen, Dubai now attracts trained professionals and expatriates for better employment prospects, tax free high salaries and a higher standard of living. This has produced a long-term demand for property in the city.

 

The government have invested $40 billion dollars into the real estate market in an attempt to meet the demand for property. Dubai has already received international attention for its pioneering real estate projects and extensive construction and real estate developments are underway throughout the city.

 

At the heart of new Dubai lies the stunning and exceptionally popular Dubai Marina, where a number of superb new developments have been launched in recent years. Characterised by the luxury yachts adorning the water front, the Dubai Marina is as much as symbol of the overall aspirations of this ambitious Emirate. Offering easy access to the central business districts, as well as the popular beach areas within the Emirate, it is easy to see why there has been a rapid expansion in demand for apartments in Dubai Marina over the past couple of years.

 

As with so many regions, Dubai has undoubtedly been effected by the more challenging global economic conditions of the past two years. This has resulted in a migration of demand over to the completed major developments, such as the Dubai Marina, and today these projects are well placed for people looking to capitalise on Dubai's future economic growth.

 

Property in: Dubai Marina | Business Bay | Downtown | Jumeirah |