Dubai’s Fact File Revealed

January 30, 2010 by admin  
Filed under Tourists Attractions

In 1966, the United Arab Emirates discovered oil, after which a period of rapid expansion and development that set up the fundamentals for today’s modern society. The oil revenue in Dubai has been wisely spent on infrastructure and to further promote Dubai.

In the early 1970s, a 5 Billion dollar commercial harbour for oil and other such large vessels was design and constructed. The Jebel Ali harbour was the first of the innovative, visionary construction that would usher Dubai to its current level as a global player in the property market.

In 1985, Dubai made the most of its strategic position in the Eastern world by offering “Free Zones” to international companies to set up offices and use tax-free Dubai as the centre of their Middle Eastern operations.

The UAE and Dubai in particular has never been involved in any conflict whatsoever. It is of no wonder that in this immensely diverse and harmonious population is in fact crime-free. Dubai has even been voted by Interpol as the safest destination in the world for four years running.

In spite of the huge demand for properties in Dubai from the international community, property prices are still lower than other major cities. According to property trend analysts, Dubai properties have been known to sell ‘3, 4 or even 5 times at profit over a two-year period. Some Villas on the Palm Jumeirah are now selling at over 200% Premium!’

A major drawing card for Dubai must be the fact that there is zero capital gains tax, stamp duty or VAT, allowing for genuine returns from investment.

It is only in the last 2 years that legislation has come into place to permit the purchase of freehold property by non Dubai Nationals.

An example of the rapid rate at which property in Dubai is being snatched up can be clearly seen by the fact that upon release, the first Palm Jumeirah (Jum-er-a) sold 4000 units in 4 days. Agents in Dubai (without Promotion) took 10,000 reservations against 4000 units.

The government has intervened for the past three years to prevent the aggressive rental market spiralling out of control, thus avoiding unsustainable inflation in the economy. The current rent cap is 5%.

“The projected expansion in Dubai’s population will create demand for more than 43,000 additional residential units annually through to 2010”, according to the Dubai Chamber of Commerce and Industry (DCCI)”.

There are numerous projections expected in Dubai, these include:

** Dubai Healthcare City will employ around 20,000 staff

** Dubailand will be home to 300,000 employees

** Halliburton will employ over 45,000 employees across 70 countries), whilst moving their Corporate HQ from Houston to Dubai

** Dubai World Central will have one million employees in total

** The current population of 1.6 million is set to double to 3million by 2010, of which 75% will be ex-pats

** Tourism is expected to triple over the next 5 years to 15million from 2005 to 2010

The fact that Dubai is a tax free society, with zero stamp duty, zero capital gains and income tax is a major factor in businesses seeking to relocate to Dubai.

Another positive factor in Dubai is the fact that Economic growth ranks amongst the highest in the world. This is fuelled by the every increasing growth in Dubai’s property market, the current figures indicating a growth of between 20-50% per annum.

The rapid property market growth can in large be due to the 40+ Billion USD invested by government in Dubai’s Real Estate.

As Dubai boasts easy accessibility to Asia, The Middle East and Europe, international investors are clambering to be the first in line to acquire accommodation in Dubai.

Dubai welcomes, on average 857 new residents arrive daily, although inflation has accelerated to 10.1% in 2007 (UK was approx 4.2%), this has not stopped the influx of people flocking to Dubai.

Buying Property In Dubai – Part 3

January 30, 2010 by admin  
Filed under Tourists Attractions

Dubai and Dubai PropertyHaving established itself as the trading capital of the area, Dubai has recently been branching out into tourism and is attracting a great deal of interest from the more technology based blue chip companies of the world. The city has so much to offer that it is difficult to know where to begin, with deserts surrounding the outskirts of the great city, to the mountains in the east, yet the central area is awash with the most up to date hospitals, schools and office buildings you could ever wish to see. This is an area where the ultra rich are only a stones throw from desperate poverty, where the most traditional of Islam cultures mix with the western world.Property in DubaiThis in turn caused a boom in the Dubai property market, which had already been buoyant for some time. The boom was further encouraged by some of the most state- of-the-art infrastructure and facilities spread across the mass that is Dubai. For many they are experiencing a standard of living unsurpassed anywhere else in the world, a place where money is free flowing and employment opportunities are many.In contrast to the surrounding states and countries, Dubai has one of the most stable of political and economic environments, in an area often blighted by conflict and controversy. This has encouraged more investors into the area, although the possibility of obtaining a valuable 10 – 15 year visa when purchasing a property is a further attraction. The great western tradition of mortgage finance has also entered the Dubai way of life, with 10 – 15 year mortgages now readily available.Dubai Investment PropertyThe tax laws in Dubai are in stark contrast to the major cities of the world, with no local, corporate of sales tax. This has encouraged some of the highest standard skilled workers to the area, which has attracted yet more foreign companies to set up. The growth in the tourism industry of Dubai has been phenomenal with the 3.4 million visitors in 2001 expected to rise to over 6 million in 2010 – from a standing start the area is becoming a magnet for overseas visitors.The Future for Dubai propertiesAs the economy continues to prosper, and the unique tax laws continue to attract the best of the skilled worker from around the world, the demand for property and further investment in the area is assured. Dubai is a fairly unique situation which while expanding aggressively, still manages to retain a property supply and demand ratio in favour of demand, thus ensuring a buoyant market for Dubai properties.

A growing economy, low interest rates and a stable government offer the perfect scenario for further economic growth. Dubai is a truly unique area of the World, which continues to prosper.

Real Estate in Dubai – Part 4

January 29, 2010 by admin  
Filed under Tourists Attractions

Dubai is well known for the real estate developments occurring here and also for the most innovative technologies and concepts implemented for it’s developments. Investing in Dubai’s real estate sector is considered to be safer and most lucrative way to double your money.

Reason behind the sudden growth in Dubai real estate sector is the changes in laws made by Dubai government, which allows foreigners to own, rent out and sell properties in Dubai. Some of the real estate development companies are offering habitation visa for those who purchase properties from them. Several multi national companies are now setting up their branches in Dubai, which in turn made Dubai an excellent job market for professional and skilled works around the world. More people attracted towards Dubai due to it’s attractively high and tax free salary and have created an huge demand for accommodation and office spaces. Laws in Dubai related to real estate are very clear and formalities are very minimal.

Dubai offers something for every visitor due to diversity of it’s attractions .Tourism is an important component of Dubai economy. The city has a clean and safe street and an excellent

Dubai has become shopper’s paradise beacuse of it’s open port policy with low import duties and superb logistic facilities. Dubai has world class facity for exhibition and conference, it hosts many international events and exhibitions. The Realestate sector in Dubai is witnessing massive activity in the form of investments from private, public organizations which includes world’s tallest building, largest amusement park, largest man made islands etc.

Dubai’s real estate sector is growing day-by-day. Now Dubai has started breaking it’s own records by introducing more innovative and ground breaking projects.

 

Dubai Internet City – A Dubai Property Development Guide

January 26, 2010 by admin  
Filed under Tourists Attractions

The UAE’s answer to Silicon Valley, Dubai Internet City (DIC) has earned itself a prestigious place in history as the world’s first complete Information Technology and Telecommunications center to be constructed inside a free trade zone.

The Vision Behind the City

Wanting to establish itself as the information technology hub in the region, DIC was created in an audacious attempt to attract international technology companies to the UAE and the rest is history!

The phenomenal success story that followed the creation of Dubai Internet City is unprecedented. Some of the 200 giant international conglomerates already licensed in the DIC include Compaq, Microsoft, Cisco, Intel, Oracle and IBM. Most of these corporations are moving their entire regional headquarters and projects to this newly established high-tech Internet City.

The fact that so many reputed conglomerates have already set up base here has sent several other companies from all over the world clamoring to claim a space of their own.

The Driving Force

As with so many of the other successful property development projects, credit for this ambitious and innovative project goes to Dubai’s Crown Prince and Minister of Defense, Sheikh Mohammed Bin Rashid Al Maktoum.

An astute businessman one of the UAE’s most successful entrepreneurs, Sheikh Mohammed Bin Rashid Al Maktoum has been the driving force behind the transformation of Dubai from a barren desert town to the leading trade and tourism destination in the eastern Arab world. Establishing Dubai as the leading Information Technology center is another successful notch under his belt.

Laying the Foundation For The Success Story

Business-friendly, family-friendly, stable and with the best infrastructure for commerce in the whole of the Middle East, Dubai city itself is the perfect setting for the new Internet City. It is supported by a skilled work force that is made up of professionals from over 70 different countries.

Acknowledged as the world’s first free trade zone for e-commerce, some of the noteworthy features of Dubai Internet City include:

- 100% tax exemptions

- 100% foreign ownership

- Protection for intellectual property rights

- State-of-the art networks and connectivity

- Research and development centre

- Exhibition facilities

- Science and Technology park

- Crime-free environment

- Hassle-free environment

With the proposed Internet University, Dubai Internet City will have achieved another ‘first’ in a long line of many.

The Layout of Dubai Internet City

A profusion of lush, colorful gardens that surround every building does much to soften the harsh desert atmosphere and add a charming campus environment to Dubai Internet City. If you did not already know it, you’d never believe that this thriving, well-tended landscape comprising verdant lawns, cerulean lakes and colorful flowers was entirely man-made.

It does not matter however; what matters is that it serves the purpose. In the words of Rowland Griffiths, Cisco’s regional director, “When you look out of the window and see green grass and lakes it gives you a nice feeling just to come to work.”

Dubai Internet City – Placing Dubai Firmly On the Technology Map

A growing demand by businesses striving to enhance their efficiency and productivity and also by Arab governments keen to upgrade their outdated systems, Dubai Internet City has placed Dubai firmly on the world technology map.

How to Find Cheap Hotels in Dubai2

January 22, 2010 by admin  
Filed under Hotels

How to find the best serviced apartments in Dubai cheap.

 

So you’ve heard that everything in Dubai is expensive. Well if you’ve never been to Dubai then all the news about rising prices and never ending hotel and living costs, will certainly put you off. But how can you live luxuriously in Dubai and not have to spend a lot to afford your visit? Serviced Apartments Dubai has the answer. Serviced Apartments Dubai specialize in serviced apartments and serviced villas in Dubai. You may be asking yourself, what are serviced apartments and what do they offer? Well put in short, although details will follow later, serviced apartments Dubai are residential apartment blocks, whereby the apartments within them are used as hotels or in other words let on a short term basis. Serviced apartments Dubai can be booked for as little as just one night, which means you’re not tied into any lengthy agreements. It’s as simple as a hotel. 

 

Serviced apartments are rather different to standard hotels. The apartments range from studio (one bed) up to luxury 4 bed apartments. All the apartments come furnished to a high standard, with a lounge(s), bedroom(s) & bathroom(s). Apartment buildings in Dubai have grown in number over of the past 5 years and in their size too. Most apartment buildings such as Marina Diamond & Marina Crown consist of 25 floors plus and offer excellent views of Jumeirah Beach from the balconies.

 

Serviced refers to the additional services provided in the apartment. These services include PC & high speed internet facilities, provision of bed lined and all kitchen accessories, cooking equipment and utensils as standard. The serviced apartments have all the necessary items you would need to enjoy your stay in the apartment. Serviced apartments are cleaned either on a daily or weekly basis depending on the size of the apartment and its location, however they are cleaned at least once a week. Serviced apartments Dubai serviced apartments provide additional facilities for families and business professionals such as return airport transfers, mobile phone rental with pay as you go sim-card, baby facilities pack if you traveling with young children, printer scanner copier, wi-fi wireless internet access and daily apartment cleaning, which can all be booked on request.

 

Serviced apartments can be found almost everywhere in Dubai, however there are a few hotspot locations. The most desirable location is definitely Palm Island Jumeirah. It’s difficult to describe exactly what the Palm Island Jumeirah exactly is.  In second place it’s definitely the mighty Jumeirah Beach Residence. Consisting of 40 high rise apartment building along the cost of Jumeirah Beach, provide direct beach access and a range of outdoor pool facilities. Dubai Marina is another favorite location for business professional as well as families, as the serviced apartments here provide a good view of Dubai Marina and Jumeirah Beach. However if your still unsure, let an advisor know at Serviced Apartments Dubai and they will be more than happy to find you a suitable location.

 

Serviced Apartments Dubai provide an online catalogue of serviced apartments and villas available in Dubai. All the apartments are listed with details of the number of guests that each apartment can accommodate prices, location and a short description of the apartment. If you’re unsure of where to stay, contact Serviced Apartments Dubai and the advisors will be more than happy to find you a suitable location according to your travel requirements. The website offers an online booking system whereby guests can register their details and book apartments online. Special offers are updated on a regular basis, and we recommend that all guests take advantage of these whenever possible.

 

Serviced apartments prices start at £58 per apartment per night and sleep 2 guests, which works out to only £26 per person per night based on 2 sharing. Families of 3-4 individuals can choose from a range of apartments, and with guests traveling in greater numbers there are apartments that cater for up to 10 individuals. Serviced villas are also available for guests looking for a unique experience however costs can rise slightly. Serviced

villascome complete with onsite parking, private gardens and pools.

 

I hope this short description has given you an insight to serviced accommodation and its benefits to all those who have always wanted to travel to Dubai.

 

Medical Tourism – Getting Well Away From Home!

January 22, 2010 by admin  
Filed under Tourists Attractions

Medical tourism, according to the simplest of definitions, combines healthcare with international tourism. Disparate as the two entities may seem, medical tourism, nonetheless, offers the excellent prospect of receiving high quality medical treatment in the lap of foreign hospitality. In the ever-changing world of international healthcare, medical tourism is a rising trend. In fact, medical tourism is a phenomenon that has taken the world of healthcare by storm in recent years. It remains a unique proposition that no only involves the healthcare industry but also has a significant impact on the tourism industry.

There used to be time when going abroad for improving one’s health, or on being advised by one’s physician, was in vogue. Such a practice of going ‘on a change’ is still prevalent in many parts of the world. Medical tourism is just an evolved form of this age old habit practice of humanity. The primary reason behind its surging popularity is that it enables the common man to get access to high quality healthcare services on an affordable budget. Countries such as India, Dubai and Malaysia are fast emerging as the forerunners in providing world-class healthcare facilities. These include a wide Array of highly skilled healthcare professionals, trained in various specialized disciplines, state-of-the-art equipment and modern amenities, impeccable service and personal attention to every need of the patient and all these, at a cost that’s surprisingly affordable.

The cost is a major consideration almost always. Most people in need of specialized healthcare services feel daunted by the high cost associated with them. Countries such as US, Canada or some European nations, offer the same high standard healthcare facilities as India, Malaysia or Dubai, but at a cost that’s substantially greater. All this naturally necessitates the need to look for similar healthcare services elsewhere, where the cost is significantly lower. Medical tourism makes it possible to save up to 80% (as compared to US/UK) on medical costs by opting for countries like India.

Medical tourism also gives you other advantages such as reduced waiting periods for your treatment. If there is a critical treatment involved, or an operation that needs to be done quickly, you can initiate the process almost immediately after contacting the healthcare professionals in these countries. Most hospitals or medical establishments in the US or UK have lengthy waiting lists and necessitate wait for a substantially longer period of time.

So what can you look forward to after landing in the lap of foreign hospitality? Nothing less than what you would in your own country. Smart and well-informed professionals, speaking fluent English and attending to every detail with meticulous attention, only add to the overall experience. You can rest assured knowing that the task of caring for your health is in good, able hands.

The reasons that contribute to the ever increasing popularity of medical tourism are not difficult to understand. Exorbitant cost of healthcare and medical facilities in advanced countries, ease and affordability of international travel, favorable currency exchange rates in the global economy, rapidly improving technology and high standards of medical care in the developing countries – all of these have contributed to the rapid development of medical tourism. Online agencies like Recover-Discover are offering excellent packages in medical tourism. Such online agencies are a great starting point to find out how medical tourism can help you.

Buy Dubai Property – the Land of Opportunities

January 22, 2010 by admin  
Filed under Tourists Attractions

Dubai is now more famous and lucrative for its property investment returns than any other thing. For the investors as well as the customers, the profits and gains are high as compared to the money invested. While the investor gets return on the property, the buyer gets a luxury residence or official complex that is at the same time cheaper as compared to other exotic locations in the world and provides a property in one of the most fashionable and successful places of the world.

Dubai property market was jokingly referred to in the past as ‘the wild west’ for its reputation on fast return on money, minimal administration, poor control and often unscrupulous illegal operations by developers, purchasers and brokers. However, now with adequate property laws and governing authorities, Dubai property scene has changed a lot and gained reputation as one of the best markets where people all over the world come to invest their money and own an unmatched piece of property.

Also known as the ‘land of opportunities’, Dubai has been famous for being a place where many were able to change their lives and fortunes with money making and profits.

Looking at the surge of investors coming here and the interest of the buyers in setting up their homes and offices, the government of Dubai has also taken a keen interest in development of Dubai property. The government of UAE is constantly striving to achieve standards in excellence for cleaning up the area for more development and establishing laws that would enable locals as well as foreigners to hold property here on easy terms and earn lucrative return on their investments.

It was actually the residential sector of Dubai that drew the attention of property inventors. Considering its central location as well as its climate and minimum tax restrictions, Dubai quickly attracted builders and developers who began with the construction of world’s most luxurious and lavish towers, offices and apartment complexes that became the envy of the best places world over. As they yielded quick and substantial results on investments, it encouraged people to come here and invest their money in buying and selling property in Dubai. Now, the residential sector has matured and has been providing a steady source of income to its investors.

However, the commercial sector is also catching up and now Dubai offers the most inviting and luxurious office duplexes and towers to attract business investors. This has made many international chains and organizations come here with prospects of expansion.

With some of the most awaited projects like Burj Dubai, considered as the world tallest towers once its complete, Dubai Marina, Jumeirah Towers, Emirates Towers, Kensington Court, Business Bay, The Executive Towers and Vision Tower, Dubai has a lot to offer to people coming here for business and living.

With people coming here in large numbers for holiday making, opening up offices and setting up businesses, Dubai has gained popularity as investors’ paradise where they can expect up to 30% or more return on their investment. Along with this, the steady and peaceful environment with secure political situation has lead to significant growth and advancement in Dubai property market.

Also Dubai’s fast development in the fields of IT, tourism, healthcare and development make it one the hottest places in the world to be. All these factors together, have made property trade in Dubai an important and rewarding business.

Visit us online at http://www.buydubaiproperty.info

Dubai: Home To The World’s Most Iconic Skyscrapers

January 17, 2010 by admin  
Filed under Tourists Attractions

Since 1995, Dubai seems to have been growing in stature and importance in a variety of spheres, from tourism to architecture. Dubai, one of the seven emirates that make up the United Arab Emirates, is the most populous of the regions, and the second largest emirate after Abu Dhabi. While Dubai’s old reserves are currently less than one twentieth of that possessed by Abu Dhabi, oil has been one of Dubai’s main exports, and built up its importance as a vital trade route during the 1970s and 1980s. However, since 1995, a series of ambitious building and construction projects have made Dubai one of the most intriguing centres of architecture in the world, undergoing a property boom that has turned it into one of the fastest growing cities in the world.

The architecture of the city is characterised by a series of staggering iconic buildings and skyscrapers, located both onshore and offshore. Perhaps the most archetypal example of Dubai’s style of architecture is the Burj-al-Arab, Dubai’s premier deluxe five-star hotel, which also boasts the mantle of the world’s tallest hotel. Located on an artificial island, the building is meant to resemble a billowing sail, and reaches the height of 321 metres. The pinnacle of the Burj-al-Arab is visible across Dubai city, and at night, its spectacularly coloured lighting offers a memorable sight.

Other iconic buildings in Dubai include the Emirates Towers (the 12th and 24th tallest buildings in the world), the Dubai Marina and the Jumeirah Palm Island, among other ambitious building projects. However, the most bold and elaborate building project that Dubai is currently undertaking is the construction of the Burj Dubai, a skyscraper whose building began in April 2005 and is expected to be completed in 2008. Intriguingly, the eventual height of the building is being kept secret, in order to claim the place of the tallest building in the world upon completion of its construction.

Currently, Taipei 101 in Taiwan holds this title, and there are numerous others vying for the position: including the Freedom Tower at New York City’s World Trade Centre, the Chicago Spire in Chicago, the Port Tower Complex in Chicago and the Shanghai World Financial Centre in China. By keeping the eventual height of the Burj Dubai a secret, its engineers hope that it will be able to fulfil its goal to surpass these current projects, although a height of approximately 808 metres (or 265 feet) has been suggested so far. The building of the Burj Dubai is not only halfway completed, having reached a height of 330 metres as of December 2006, but is already the third tallest building in Dubai.

Clearly, Dubai’s architecture and design lend it a certain appeal that will attract both the architectural enthusiast and the regular tourist looking to visit a city that inspires a sense of wonder at every turn. Furthermore, Dubai allows its tourists to indulge in luxuriant holidays, and as a result offers its guests a variety of deluxe hotels in which they can relax and enjoy all the delights that Dubai has to offer.

Facts About Dubai

January 15, 2010 by admin  
Filed under Tourists Attractions

Whenever I think of Dubai, my mind immediately conjures up images of skyscrapers and large malls – each one painstakingly created to make this place a haven for its inhabitants as well as visitors. Located on the southern shore of the Arabian Gulf, Dubai is a bustling metropolis and the second largest of the seven Emirates that make up the United Arab Emirates. HH Sheikh Maktoum Bin Rashid Al Maktoum is the ruler of Dubai as well as the Prime Minister of the federation of UAE. HH Sheikh Mohammed Bin Rashid Maktoum is the crown prince.

The climate in Dubai is sub-tropical and arid with rainfall that is irregular and infrequent. The temperatures in this city range from a low of about 50 degrees Fahrenheit to about 118 degrees. Dubai has a population of approximately 1.67 million people of which 80% are made up of Expatriates. Arabic is the official language of Dubai, while English is used in business. Other languages such as Urdu and Hindi are also spoken in this city. The currency of Dubai is known as Emirati Dirham. The United Arab Emirates get their revenue from financial services, manufacturing as well as trade. Natural gas and petroleum contributes less than 6% to the overall revenue.

This ever-expanding city sure knows how to welcome its visitors. New constructions such as shopping malls, an airport and skyscrapers just add to the charm of this city. Apart from the constructions, Dubai is also known for gold. This city is said to buy the highest amount of per capita gold in the world. It is said that taking an average idea, every five person buys five pieces of gold in the form of jewelry every year! The city of Dubai has also made the world’s largest gold chain, which was made of 22 k gold and measured 4.2 kilometers. This was during the DSF-1999. 9,600 people bought the chain as necklace wear or pieces of bracelet.

Apart from gold, the world’s largest horses can be found in Dubai. The best breeds of horses are imported from every corner of the globe and are used for racing. Cars also find a special mention here because the cars here are specially made with huge wheels in order to navigate through the hills of sands of the hilly terrain. Dubai is a city that has no income or property related tax. Of course you will find fees that are related to associated registration, transfer and residence apart from charges for offshore company setup and property purchases.

The city of Dubai also has a number of facts that continue to amaze people all over the globe. It is said that the city of Dubai does not have any street addresses.
Information also states that the number of construction workers in Dubai are more than the actual citizens. Dubai will soon also have Dubailand, which is a project that is based on tourism. It has been projected that Dubailand will be the most ambitious leisure, tourism and entertainment destinations ever known to mankind.

Investing In Dubai And The Future

January 12, 2010 by admin  
Filed under Hotels

You can get everything in Dubai, from fantastic tourist sites to brilliant business opportunities, magnificent skyscrapers, ultra elegant hotels, and impressive shopping malls. Dubai certainly is an egressing city of the modern world. Situated on the northeast coast of the UAE, Dubai is really a magnet for tourists, particularly those looking for luxurious & prosperous lifestyle.

Dubai – one of the seven emirates constituting the United Arab Emirates (UAE) in the eastern Arabian Peninsula – definitely is a city wallowing in wealth. It is a major commercial hub in the Middle East. The Middle Eastern gem, Dubai is now progressing fast to stand among the major financial centers of the world. After the crown prince’s commitment to allow foreign nationals to own a property within the emirate, Dubai is very much on its way to be a fantastic metropolis of the world.

Consequently, the economic growth of the emirate is gaining momentum year upon year. According to a statement from the Dubai Department of Economic Development, Dubai’s economy grew around 16% in 2005 and is estimated to reach AED136 billion. Dubai is currently one of the fastest growing economies in the world with a growth rate of 8.5 per cent.

Dubai certainly has become hot destination for investors. Offering numerous investment opportunities, Dubai has been attracting investors from all over the globe. You too should consider investing in Dubai. Here are some reasons, why you should invest in Dubai.

Dubai is a major trading hub of the Middle East. It has in fact been acknowledged as an international business centre. It has now become an international business and re-export centre. It has really turned highly diversified international business centre of global significance, with lots of investment opportunities. You should invest in Dubai because it is the city where you can earn high tax-free money.

Often, you find property in Dubai cheaper as compared to other metropolises of the world. For instance, you can buy villa around $1,000 per square meter, but if go to buy it at London Docklands, it would cost you $5,000 per square meter. You can’t find such low priced properties in any other modern city of the world. But as the population is set to rise from 1.2 million to 4 million, the value of the property is going to rise in Dubai.

Dubai really offers you a wide range of properties. Furthermore, the buying process is simple, with no national registration required in the Emirate. You can buy a studio apartment in Dubai Marina for just around £140 per sq ft, and if you are to buy the same studio in Salford Quays, Manchester England, it may cost you over £316 per sq ft.

Dubai is a fantastic travel destination attracting volumes of tourists every year. In 2001, over 3.4 million tourists visited Dubai, but this figure is expected to go beyond 6.0 million by 2010. Investing in vacation rentals is a better idea. These properties fetch you High rental yields in Dubai. The best advantage of investing Dubai property is that, you are granted the right to apply for residency visas with the purchase of property.

Finally, the local currency, AED (Dirham) is fixed with the US dollar (3.675 AED: $1). The recent strength of the pound against the dollar indicated that by investing now, you are going to achieve a 10% – 15% ready equity compared to the same prices a year ago. Thus, it’s high time for investing in Dubai now. The future of investors is pretty safe and flourishing, as investment opportunities are going to increase furthermore.

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