Lost in Dubai» Tourists Attractions http://www.lost-in-dubai.com Are you Lost in Dubai? Tue, 29 Jun 2010 19:17:29 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Property in Dubai – Part 2 http://www.lost-in-dubai.com/property-in-dubai-part-2/ http://www.lost-in-dubai.com/property-in-dubai-part-2/#comments Fri, 25 Jun 2010 09:11:39 +0000 admin http://www.lost-in-dubai.com/property-in-dubai-part-2/ Dubai authorities themselves.

The growth of the tourism industry in Dubai is one of the most important reasons for people to keep investing in Dubai. Today, thanks to the all ... ]]>
Dubai is one of the fastest developing cities in the world and is widely acknowledged as the gateway to the Gulf. It’s prideful possession includes some of the most impressive buildings, biggest theme parks, and outstanding shopping malls in the world. It is also emerging in the field of commercial real estate market.

The government of Dubai ensures that the real estate market of Dubai keeps growing as ever. Recently, it has been announced that registered purchasers of real estate property in Dubai will be entitled to a residence visa for the complete family, which will be issued by the Dubai authorities themselves.

The growth of the tourism industry in Dubai is one of the most important reasons for people to keep investing in Dubai. Today, thanks to the all-round development taking place in Dubai, having property in Dubai is being considered as a good investment.

Dubai has a large ground area of around 1000 square miles and has a wild and beautiful natural desert accompanied by mountainous landscapes. These pleasant geographical shocks, accompanied by commerce that is already renowned, are slowly and steadily making Dubai one of the world’s leading centers. Irrespective of commerce, Dubai has spectacular locations that support an enjoyable lifestyle.

Buying and selling property has not been an easy task, but the environment of Dubai has made it so compatible for customers that interest in real estate in Dubai is rising at a rapid rate.

The extreme positivism of Dubai is it has a wonderful public security record, which is the envy of the rest of the world. There are very rare street crime can be said it is virtually non-existent. This is one of the vital reasons behind the growing interest among investors in buying property in Dubai. As Dubai is a city that has a record of strong economic growth and it will continue to attract investors in this field.

Establishing a property in Dubai means that you are enlarging your prospects globally. Property market in Dubai is driven with the realities of demand and supplies; the demand of buying real state in Dubai is continuously increasing, thereby increasing the capital growth of the country. Dubai is the international community that shares the dealing of its property & real estate with its clients. Real estate purchase is a purchase which is gaining popularity day by day in terms of leading property market and international property markets.

Investment in Dubai will be out of reach soon, hence buy a property now and take the lead.

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Why Dubai is Having Property Explosion? Dubai After Oil Boom! http://www.lost-in-dubai.com/why-dubai-is-having-property-explosion-dubai-after-oil-boom/ http://www.lost-in-dubai.com/why-dubai-is-having-property-explosion-dubai-after-oil-boom/#comments Wed, 23 Jun 2010 18:19:59 +0000 admin http://www.lost-in-dubai.com/why-dubai-is-having-property-explosion-dubai-after-oil-boom/ Dubai have expressed an intention to invest in medical tourism, including the Emaar group's plans in India. Within Dubai, there is considerable interest in ... ]]> Dubai’s gross domestic product as of 2006 was US$46 billion. Although Dubai’s economy was built on the back of the oil industry, revenues from oil and natural gas currently account for less than 3% of the emirate’s revenues.

It is estimated that Dubai produces 240,000 barrels of oil a day and substantial quantities of gas from offshore fields. The emirate’s share in UAE’s gas revenues is about 2%. Dubai’s oil reserves have diminished significantly and are expected to be exhausted in 20 years. Historically, Dubai and its twin across the Dubai creek, Deira (independent of Dubai City at that time), became important ports of call for Western manufacturers. Most of the new city’s banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a “brisk smuggling trade” of gold ingots to India, where gold import was restricted. Dubai is an important tourist destination and its port, Jebel Ali, constructed in the 1970s, has the largest man-made harbor in the world. Dubai is also increasingly developing as a hub for service industries such as IT and finance, with the establishment of a new Dubai International Financial Centre (DIFC). The government has set up industry-specific free zones throughout the city. Dubai Internet City, combined with Dubai Media City as part of TECOM (Dubai Technology, Electronic Commerce and Media Free Zone Authority) is one such enclave whose members include IT firms such as EMC Corporation, Oracle Corporation, Microsoft, and IBM, and media organisations such as MBC, CNN, Reuters and AP. The Dubai Financial Market (DFM) was established in March 2000 as a secondary market for trading securities and bonds, both local and foreign. As of Q4 2006, its trading volume stood at about 400 billion shares worth US$ 95 billion. The DFM had a market capitalization of about US$ 87 billion. The government’s decision to diversify from a trade-based but oil-reliant economy to one that is service and tourism-oriented has made real estate more valuable, resulting in the property appreciation from 2004–2006. Large scale real estate development projects, undertaken by firms such as Emaarskyscrapers in the world such as the Emirates Towers, the Pentominium and the world’s tallest hotel, the Burj Al Arab. As of July 2007, Burj Dubai -also being constructed by Emaar Properties- is already the world’s tallest structure and is expected to be taller by several hundred feet, once construction is complete. Properties, have led to the construction of some of the tallest Recently, the Land Department set up the Real Estate Regulatory Authority (RERA) to regulate developers and safeguard consumers from errant parties. All developers are required to register with the RERA, provide documents and verifiable facts about their properties, and setup escrow accounts to protect consumers’ money. KM Properties, a member of KM Holding, was the first company to register with the Land Department. Organizations within Dubai have expressed an intention to invest in medical tourism, including the Emaar group’s plans in India. Within Dubai, there is considerable interest in developing this market, and the Dubai Healthcare City is scheduled to open by 2010.. There will be a corresponding increasing need for attention to quality and to quality control in healthcare within Dubai, including international healthcare accreditation.Moving to dubai consult 1Dubai propertyLeading neutral advice when considering property.

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Dubai Culture Village – Luxury Living in the Heart of Modern Day Dubai http://www.lost-in-dubai.com/dubai-culture-village-luxury-living-in-the-heart-of-modern-day-dubai/ http://www.lost-in-dubai.com/dubai-culture-village-luxury-living-in-the-heart-of-modern-day-dubai/#comments Tue, 22 Jun 2010 20:07:06 +0000 admin http://www.lost-in-dubai.com/dubai-culture-village-luxury-living-in-the-heart-of-modern-day-dubai/ tourism. At the heart of this new strategy lies the Dubai Culture Village, uniquely contrasting surrounding modern day Dubai with its focus on the ancient ... ]]> Recent years have seen the emirate of Dubai take a series of bold steps towards dictating a brave, new and successful future for itself. A future not shaped on the previous successes of its abundant natural resources, but on the new global industries of technology and tourism. At the heart of this new strategy lies the Dubai Culture Village, uniquely contrasting surrounding modern day Dubai with its focus on the ancient mysteries and cultures of the past.

Bearing in mind Dubai’s focus on being at the leading edge of technology and commerce, it is therefore strangely ironic that many of Dubai’s most recent luxurious and prestigious developments have chosen to locate themselves within the more historical and cultural surroundings of the Dubai Culture Village.

Located along the shoreline of the Dubai Creek, the Dubai Culture Village is a rich blend of Middle Eastern history with the heritage of ancient Dubai. Throughout the Dubai Culture development, the unique architecture offers a unique mixture of ancient Arabic traditions with Dubai design. This blend, the finest of old and new, has resulted in Dubai Culture Village becoming one of the most desirable residential locations in modern day Dubai.

Divided into the residential, retail and commercial zones, Dubai Culture Village encapsulates the true spirit of ancient Arabic architecture with its wind towers, stone walkways and traditional souks. Throughout the Dubai Culture Village, luxury hotels and designer boutiques sit comfortably next to galleries, rare book shops and performing arts centres.

When it was initially launched, Dubai Culture Village was planned as the most exclusive address in Dubai, designed to appeal to both local and international investors alike. Exclusive developments including the Palazzo Versace, the Iris Asmar and the D1 Tower seem set to ensure that the property in Dubai Culture Village is considered to be the most desirable, and without doubt unique, residential location in modern day Dubai.

With numerous high quality luxury developments locating themselves in such close proximity in Dubai Culture Village, it seems likely that the years to come will see Culture Village achieve its objective of becoming Dubai’s most desirable and sought after residential addresses.

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How To Get A Teaching Job In Dubai http://www.lost-in-dubai.com/how-to-get-a-teaching-job-in-dubai/ http://www.lost-in-dubai.com/how-to-get-a-teaching-job-in-dubai/#comments Mon, 21 Jun 2010 04:03:51 +0000 admin http://www.lost-in-dubai.com/how-to-get-a-teaching-job-in-dubai/ tourism, oil & gas and teaching. Expatriates throng the emirate to land a job in one of the industries as per ... ]]>

Dubai, the postcard city of the Gulf, is an attractive destination to work for foreign population. There are job opportunities in fields such as construction, banking, IT, tourism, oil & gas and teaching. Expatriates throng the emirate to land a job in one of the industries as per their skills as it is quite lucrative to work here. The expatriate population in Dubai is growing by the day and most of them live here with their families, including children. For this reason, there is a large number of international schools in Dubai. The schools are meant to meet the demand from the international students, thus, most of them have American or British syllabus. There is a huge demand for professionally qualified teachers in these schools.

The teachers who have experience in the British or American style of teaching get an edge over other teachers in getting a job in Dubai schools. Also, all foreign teachers are mostly recruited on a contract of two to three years. Therefore, the demand for teachers is always on the rise, considering the number of new schools opening in Dubai. More and more expatriate teachers look forward to teaching in Dubai as it helps them save intensively during their stay. However, before taking up a teaching job in Dubai, it is important to know more about the work environment, the salary structure and the incentives that come with a job in Dubai. Also, it is good to get a fair idea of the kind of qualifications that you require to get a teaching job in Dubai.

The schools in Dubai offer ample opportunities for expatriate teachers. The demand is high for two reasons. Firstly, there are new schools opening in Dubai each year. Secondly, the existing schools offer services during the summer break too, which requires qualified teachers. It is not a must to have British or American qualifications to get a teaching job in Dubai. This helps but it does not mean that teachers from other nations cannot apply for teaching jobs in Dubai. You need to have flawless skill sin spoken and written English and should be a certified qualified teacher with the required work experience.

You would need to get the qualifications attested by a public notary in your country. Thereafter, you would be required to get the notary attested by your embassy. The second step is sometimes tricky. You must get in touch with the embassy of your country to find out the details and formalities related with the same. Chances are that the embassy would help you with all such processes and you would get assistance in the process of applying to Dubai schools for teaching jobs.

Once this is done, you can start applying to various Dubai schools for the position that suits your qualifications well. You should regularly check for vacancies on the various school websites. Vacancies are also posted on job sites and newspapers. You must apply with a properly written cover letter and resume. The resume should highlight your relevant experience and qualifications in the field of teaching. The school should get an impression that you are the right fit for the job. Do mention your willingness to relocate. Also, mention about any awards or recognition that you might have received in the field of education so far. This will give you an edge in the eyes of the employer.

If your resume gets shortlisted, you will be called for an interview by the school. The travel and stay expenses would most likely be borne by the school only. Do find out more about the school before attending the interview. You can check the forums to find out what teachers and parents are writing about that school. That will give you some idea. It is good to make a call or send an email after sending your resume to find out the status. It will help you immensely if you network in Dubai with the people in the same profession. Once you land the job, you will be entitled to a lot of incentives besides the salary in your job. You would not have to pay any taxes, your accommodation will be paid for and if you are a female teacher, you will get a lot of other benefits too.

Mostly, school staff hiring is done during the summer break. So, you should ideally send your resume by January to start the process. This does not mean that you cannot apply throughout the year. But summer is generally the best season for teaching jobs in Dubai. Living in Dubai should be fun. The city is fast developing and offers luxurious stay to all those who come under its fold. So, you can enjoy a luxurious lifestyle while earning and saving a lot of money in Dubai.

Some useful links:
www.naukrigulf.com
www.naukrigulf.com/ni/nijobsearch/farea-teaching-education-languages/

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Dubai Real Estate Investment – Part 1 http://www.lost-in-dubai.com/dubai-real-estate-investment-part-1/ http://www.lost-in-dubai.com/dubai-real-estate-investment-part-1/#comments Sun, 20 Jun 2010 07:39:22 +0000 admin http://www.lost-in-dubai.com/dubai-real-estate-investment-part-1/ Dubai's crown prince, Sheikh Mohammed Al Marktoum, set out to turn Dubai into the financial, commercial and tourism capital of the Middle East and in the space of three years he has more than succeeded. The ... ]]> The temperature is continuing to rise in the Dubai property market, with hot new developments selling out in hours. But as speculators buy and sell property frantically, banks and builders try to slow the market down. Just how stable is the property market in Dubai?

Never has there been such an ambitious and creative drive to establish a property market as has been witnessed in Dubai over the past three years. Running short on oil reserves, Dubai’s crown prince, Sheikh Mohammed Al Marktoum, set out to turn Dubai into the financial, commercial and tourism capital of the Middle East and in the space of three years he has more than succeeded. The country’s GDP has expanded by 17 per cent over the past year and HSBC Bank estimates that there is $42.5 billion worth of projects under construction, compared with $20 billion for the rest of the neighboring oil states put together.

Real Estate and Tourism have become the driving force of the New Dubai since the Freehold title was introduced in fact the owner of a freehold title of real estate in Dubai does enjoy the most superior form of private ownership.

A freeholder is considered to be the absolute owner of the land and buildings comprised in his title; he has the right to occupy, use and enjoy his property forever (”in perpetuity”) or until he transfers the title to a new owner, and his heirs are entitled to inherit his title upon his death. Nevertheless, a freeholder does not have total freedom to do what he wishes on his land.

It is possible for the prospective buyer to give Power of Attorney to a person to handle all the aspects of the purchase on their behalf. It is not necessary that one has to be present in Dubai to conclude the deal. But it is advisable that they check all the documentation and ensure that everything is clear before signing the deal.

Choose a realtor who has time to run through all the developments on their books, has an overall understanding of the Dubai market, a local office, knowledge of the legal framework, concise brochures, models and floor plans, details of the contract as well as schedule of payment terms. It is beneficial to have a look at all the developments in Dubai to determine which one fits your needs from a perspective of timescale to completion, cost and purpose (i.e. investment or residential, freehold /leasehold). If you are not getting sufficient information from your realtor, fine one that is more experience.

The short-term rental market in Dubai has proved to be one of the most profitable investment due the high shortage and high prices of Hotel rooms. Investing in the Dubai real estate market for the purpose of renting out your property as a holiday home is a very intelligent strategy however a professional management company shall be involved.

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Buying Property In Dubai – Part 2 http://www.lost-in-dubai.com/buying-property-in-dubai-part-2/ http://www.lost-in-dubai.com/buying-property-in-dubai-part-2/#comments Sun, 20 Jun 2010 00:01:29 +0000 admin http://www.lost-in-dubai.com/buying-property-in-dubai-part-2/ tourism industry of Dubai has been phenomenal with the 3.4 million visitors in 2001 expected to rise to over 6 million in 2010 ... ]]> Dubai and Dubai Property

Of the many major areas of the world, there is something unique about the Emirate of Dubai and about Dubai property. An area of outstanding natural beauty intertwined with the most modern of architecture and buildings, and steeped in the most historical of traditions. The Emirate of Dubai is part of the United Arab Emirates and is seen by many as the doorway between East and West, an area where there are so many contrasts and contradictions, and where land and Dubai property is cheaper than many areas of London.

Having 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.

The city offers a corridor to the Indian subcontinent and access to a population of over 1 billion people, in a land which is crying out for investment and assistance. For many years there has been a constant flow of development, with oil money being a major supporter of the area. The recent rise in the oil price has released yet further capital and demand for property has remained consistently high. While property prices remain so competitive compared to the rest of the world, the strategic position of Dubai ensures that yet more foreign investment will pour into the city in due course.

Property in Dubai

Unlike many areas in the region the government of Dubai continue to act with, as oppose to against, the mountain of private foreign capital flowing into the state and directly into property in Dubai. This has resulted in many changes to local Dubai laws, many of which were designed to restrict foreign investment, and foreign ownership of property in Dubai. The government decided some years ago to abolish personal, corporate and sales taxes which is a major attraction to foreign investors, and foreign workers. This resulted in a mass of British specialists moving to the area for employment, hence a large presence of ex-patriots.

This 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.

Using the most modern of engineering and design techniques available, great swathes of the surrounding desert have been reclaimed and some of the World’s highest skyscrapers surround the outskirts of the city. There has been particular interest in property in Dubai from British expatriates, Saudi Arabians and Indians, which has ensured a level of interest unrivalled anywhere in the world.

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.

The current stability of Dubai is further strengthened by close links with the US, in fact the Dubai currency is linked to US interest rates which have been at record low levels for some time. The above factors all come together to paint a very rosy picture for the area, and property prices are set to move further ahead for the foreseeable future.

Dubai Investment Property

While the city of Dubai is awash with some of the richest individuals and corporations in the world, the price of Dubai Investment property has remained surprisingly low. Compared to investment property prices in areas such as London, Dubai offers great value for money with investment property, as the main city continues to grow and grow. The infrastructure of the area leaves many other major cities of the world in its wake, with new developments and transport links appearing on a regular basis. With the Dubai government willing to invest so much of the local money in to services and infrastructure it is not surprising to see overseas investors follow suit into the Dubai investment property market.

The 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 current rate of return on property investments is in the region of 10 – 15 percent per annum, with this rate expected to continue for the foreseeable future, and rental yields in excess of 10% are further evidence of strength in the property market.

The Future for Dubai properties

Dubai is a city which continues to embrace some of the traditional values of the west, while retaining the fundamentals of an Islamic state, which has helped integrate the various groups of the Dubai society. Strong links with the US have proved useful in the past in times of potential conflict, which is another attraction for investors to purchase Dubai properties.

As 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.

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Jobs in Dubai – Part 1 http://www.lost-in-dubai.com/jobs-in-dubai-part-1/ http://www.lost-in-dubai.com/jobs-in-dubai-part-1/#comments Sat, 19 Jun 2010 21:50:03 +0000 admin http://www.lost-in-dubai.com/jobs-in-dubai-part-1/ Dubai are strengthening in key sectors such as Hospitality and Tourism as well as IT. Hotel jobs in Dubai are especially booming with opportunities. Some might even say that the job market in Dubai ... ]]> The market for Jobs in Dubai has become such that employers are no longer looking to fill positions with willing people to move to Dubai, as the city has achieved worldwide status, but they can now seek to find the best possible candidate for these positions. This doesn’t mean that finding that perfect job in Dubai is not impossible, but more accurately, that employment packages and senior positions are a bit more competitive. The value of diversity in the job market in Dubai though is something that should not be overlooked. Job opportunities in Dubai are strengthening in key sectors such as Hospitality and Tourism as well as IT. Hotel jobs in Dubai are especially booming with opportunities. Some might even say that the job market in Dubai allows those with a bit less experience than their counterparts back home, to have the same, if not more, responsibility and experience here in Dubai.

With a city growing annually at record levels, the Dubai job market has to keep pace with increasing demand and need for creativity. Industries such as Marketing, Media and IT jobs in Dubai are desperately trying to keep pace with a city that is beginning more and more to look like Tokyo with respect to advertising campaigns. Dubai Computer jobs are just one of many places to look when searching job vacancies in Dubai. Just remember to make sure your CV is strong and targeted for that particular job.

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Medical Tourism – Getting Well Just Got a Whole Lot Cheaper! http://www.lost-in-dubai.com/medical-tourism-%e2%80%93-getting-well-just-got-a-whole-lot-cheaper/ http://www.lost-in-dubai.com/medical-tourism-%e2%80%93-getting-well-just-got-a-whole-lot-cheaper/#comments Thu, 17 Jun 2010 16:36:31 +0000 admin http://www.lost-in-dubai.com/medical-tourism-%e2%80%93-getting-well-just-got-a-whole-lot-cheaper/ tourism makes it possible to save up to 80% (as compared to US/UK) on medical costs by opting for countries like India. Healthcare tourism ... ]]> Medical tourism, even a decade back, was largely unheard of. However, in recent years, medical tourism has become an industry on its own. It is a phenomenon that has taken the world of healthcare by storm. Its impact can be felt strongly in the tourism industry as well. Everyday we get to hear about how medical tourism has helped, and continuing to do so, countless people get better at affordable costs. So, what is medical tourism? Why is everybody talking about it these days? Let’s take a closer look.

Medical tourism, as the name itself suggests, is a combination of medical services with tourism. In other words, it’s tourism with a purpose. The practice of visiting new places in search of favorable climate or on just being advised by a doctor to go ‘on a change’ is not new. Medical tourism is just an evolved form of this age old habit of humanity.

The primary reason behind its surging popularity is better healthcare services at an affordable budget. When one’s health is one’s concern, it is natural to look for the best treatment options within one’s budget. Countries such as India, Malaysia and Dubai are fast coming to the forefront as provider of 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.

Let’s face it, medical services in the west are expensive by most standards. 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, at a cost that’s substantially greater. Frankly, not everybody can afford the high cost associated with healthcare services in his or her own country.

All this naturally necessitates the need to look for similar healthcare services elsewhere, where the cost is significantly lower. Healthcare tourism makes it possible to save up to 80% (as compared to US/UK) on medical costs by opting for countries like India. Healthcare tourism in India is fast gaining in popularity because of this simple reason.

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.

Medical tourism does not mean that you have to compromise on anything just because you are not 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.

In the final analysis, 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.

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Dubai Property For Sale http://www.lost-in-dubai.com/dubai-property-for-sale/ http://www.lost-in-dubai.com/dubai-property-for-sale/#comments Sat, 05 Jun 2010 09:40:57 +0000 admin http://www.lost-in-dubai.com/dubai-property-for-sale/ 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 ... ]]> 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.

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Dubai Property Market’s Future Perspectives http://www.lost-in-dubai.com/dubai-property-market%e2%80%99s-future-perspectives/ http://www.lost-in-dubai.com/dubai-property-market%e2%80%99s-future-perspectives/#comments Thu, 03 Jun 2010 08:28:41 +0000 admin http://www.lost-in-dubai.com/dubai-property-market%e2%80%99s-future-perspectives/ Dubai and the UAE's future is focused upon creating a business and tourism environment second to none which centers around incoming foreign investment from commercial institutions ... ]]> Overseas property is becoming an increasingly popular investment choice, but buying investment property abroad can be a real challenge. When it comes to buying in emerging markets the challenge can often be compounded due to a lack of available information. This article can help you to obtain the latest and correct information and advice that is needed when buying overseas property.

If you are looking to make some real estate investments you might want to look into purchasing Dubai property. However make sure that you do not make a decision that you’ll regret later. Many people make rushed decisions, not taking enough precautions or not investigating fully other alternatives, disadvantages or pitfalls.

Look carefully which advantages and disadvantages Dubai property investment has.

1. Advantages of Investment in Dubai Property:

• 365 days of sunshine a year.

• World Class Sporting Events.

• World’s only 7* Hotel.

• Dubai land.

• Regional base for multinational companies.

• More than US $50 Billion to be invested by 2010.

• Tax-Free Lifestyle.

• Duty Free Shopping.

• 15 Free-Zones.

• The supply of Dubai property is not keeping up with demand.

• Booming Dubai property market in this cosmopolitan city ensures Dubai is one of the most important real estate hubs in the world.

• Record low interest rates and dismal stock markets are goods news for realtors; the Dubai Government is behind the real estate boom, and has secondary motives such as attracting wealthy immigrants to the city. As a results villas and apartments are being sold very cheaply.

• One way to judge if real estate is cheap is to look at the yield or rental return. In this city a basic yield of 10% on residential Dubai property compares with a 6.5% local mortgage rate. In London 3% to 4% would be considered a good yield today so 10% implies a considerable under valuation of property.

Disadvantages:

· Geopolitical tensions in the region (important factor but look at the advantages above)

· Research reports are saying supply will catch with the demand soon like in 2010.

Based on assumptions and one of the assumptions that I don’t agree with is that supply demand curves are based on 2.5 people per flat and I think it should be +4 people in a flat. Many people can’t afford to stay without sharing especially new comers who start with low salary… Anyway which means demand will be equal to the supply much sooner than 2010 lets say by end of 2008 which means you have to adjust your rental expectations by as much as 20% more flats to rent less people to rent them only cheaper ones will go.

· Prices might correct a little bit anytime soon lets say by 20%max

· Severe weather conditions high salt content in groundwater sandy soil which makes most buildings require piles under foundations and they have a life span

· Many are afraid to cash in on Dubai property because they have watched real estate booms come and go in the United States and elsewhere, and the bubble always busts. However there is no indication that the bubble will bust and that Dubai property has been valued unfairly. The building of Dubai property is a priority of the emirates government, so the growing property values seem to have no limit.

After thorough research I can make conclusion that Dubai property has been and continues to be a hot topic among investors because there seems to be no limit as to what can be achieved from an architectural standpoint as well as how much one can profit from the real estate. Dubai and the UAE’s future is focused upon creating a business and tourism environment second to none which centers around incoming foreign investment from commercial institutions and individual investors.

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