DubaiShortStay.com: palm Island dubai

DUBAI PALM

The Palm Island Dubai will officially be handed over at the end of May 2007. The much anticipated delivery has been wrought with speculation as to the reasoning for its many delays.

The delays have resulted from such an ambitious project being completed in an initial timeframe that was more based on hope than on engineering possibilities.

Although the delays have no doubt caused concern for the 2,700 homeowners the trade off has been offset in the Palm Villa appreciation prices which have seen rises from 150-200%.

Early estimates point to annual leases for Garden Homes on the Palm starting at 450,000 AED per year or what would now be an 8% yield or a 17% yield on initial purchase prices. Signature Villas are projected to rent at 700,000 a 16% yield on initial purchase price.

The Palm has yet to handover any villas and therefore the jury is still out on the quality of construction and finishing. Initial homeowner feedback from those who have visited their properties is that finishing is of greater quality than villas in Jumeirah Island delivered by the same developer Nakheel.

As delivery dates are a few months away many homeowners will be looking to capitalize on their tremendous investment. Many of those will sell and pocket 3-4 million dirhams off of their initial investment.

Other options include long-term rentals as discussed above or short-term rentals which will capitalize on one of the most desirable landmarks in what is one of the fastest growing tourist destinations in the world. Whatever you decide to do the Dubai Palm has exceeded expectations and even has another 3 years of construction remaining for some of the bigger hotel projects.

For a work in Dubai, one cannot always risk any problem to be encountered because labor laws in Dubai and in the Emirates as well are very strict. Offering a TAX-FREE employment, Dubai is the place to work in today. A one time opportunity to work in probably the world’s most industrialized mega and most advanced structures existing today would be a big loss. So here’s a few simple 10 Best Work in Dubai Guides to help those who need and will be working there.

Work Permit – Work permit and residency visa is required. Employers take care of this particular need but as a worker, you have to make sure you have one.

Temporary Working Visa – The period of stay in this visa will vary based on which country you come. For particulars, feel free to check in the local UAE embassy regarding the rules that govern this particular.

Passport Issues – A prime requisite before getting a work permit. Fake passports can cause total ban to work in Dubai.

Labor Contract – A labor contract in 3 copies is needed. May be written in English or Arabic. Has to be approved by the Labor Ministry to make sure that you are in the right terms with your company and recruitment agency and that they are well informed of all your contract terms. Has to clearly state the 60-day renewal period for your labor card.

Labor Card – This has to be valid up to 3 years and is applied as soon as you work in Dubai or any Emirates member. Cancellation of your labor card would mean invalidity to apply for a work permit.

Tax-Free Jobs – Direct personal taxation is against the law in Dubai which means salary is fully remitted to workers.

Free Trade Zones – The free-trade zones in Dubai make it easy for world business investors to jump in which creates a stable pool of jobs for people from around the world. Right now there are 15 free trade zones and counting.

Company to Work – Should be duly licensed and registered business in the Ministry of Labor. Check for this and make sure to avoid getting scammed.

Deportable Diseases – There are 4 deportable diseases in Dubai today namely, Tuberculosis (TB), AIDS or HIV virus, Hepatitis B and Hepatitis C (the latest to come in the list).

Renting Place to Stay – Renting an apartment alone in Dubai is really costly and one of the mostly bypassed information for workers looking to work in Dubai. If you are interested to save on this, look for people who live together like same nationalities you have and live with them. This will save you a few bucks to your pocket.

These 10 Best Work in Dubai Guides work with the 7 Emirates namely, Ajman, Abu Dhabi, Dubai, Sharjah, Fujairah, Ras al-Khaimah and Umm al-Quwain.

If you find any wrong information here, please feel free to contact me using my profile here at Articles Base or make a comment and include your corrections and I’d be happy to make the necessary changes. Thank you.