Why Invest in Dubai Property?
November 9, 2009 by admin
Filed under Tourists Attractions
Capital Appreciation
Dubai properties have risen by more than 20% in the past 2 years – Dubai property is still set to see estimated growth in excess of 12% per annum
Tax Free
No Capital Gains Tax, No Income Tax or Inheritance Tax
Dubai Property Prices
Dubai properties are still far cheaper than most major cities – if you could invest in London Docklands 10 years ago would you? Yes
Demand vs Supply
85,000 Dubai Properties are being built per year – 52,000 Residency permits are applied for every month! The supply of Dubai properties is not expected to meet the demand for years to come.
Dubai property Rental Rates
Rental rates in Dubai have increased vastly year on year with increases between 20% – 40% in the last 2 years alone
Tourism
The increase in tourism is clear for everyone to see
1.9 Million Visitors in 2000
5.4 Million Visitors in 2005
15 Million Visitors expected by 2010
Dubai will be a Worldwide destination
Dubai is creating a destination with something for everyone – From beautiful beaches, largest shopping malls in the world to the spectacular Dubailand development, 3 times the size of Disney World in Florida and much much more…
Attractive Exchange Rate
The UAE Dirham is pegged to the US Dollar
Dubai’s Business District
Dubai is the business hub of the Middle East, with a 24 hour stock exchange and Business Bay under way, Dubai’s Manhattan! Offering prime commercial & residential investment opportunities
And then to top it off of course, year round sunshine and a cosmopolitan lifestyle with an Array of entertainment options to suit every taste.
Dubai – New Horizon to Property Buyers
November 1, 2009 by admin
Filed under Tourists Attractions
Dubai has always been lucrative destination for property buyers. Dubai happens to be a politically stable country with minimum political interference. It is run by royal family. The crime rate is low. The city happens to be a hub of business, leisure, sports, shopping and healthcare facilities.
Buying a property in Dubai is easy. If you happen to buy a particular piece of property land, you would be benefited with some advantage. Buying a property land in Dubai does not require you to pay hefty income axes or any tax on capital gains. Moreover, you are not troubled with obtaining a resident visa. As per immigration rules, obtaining resident visa is very convenient. Dubai properties offer lucrative options to investors as well. Several years ago, investment in Dubai real estate market entailed certain risks for investors. However, the situation improved dramatically once the government gave permission to purchase of freehold property to overseas buyers. With the rapid growth of population of the city, the real estate market of the country is likely to expand; thus giving the real estate investors a reason to take a peek at Dubai real estate investment market. Once again, the studies made by industry experts reveal hat property prices are certainly going to hike drastically in future and thereby making Dubai one of the most covetous destinations for buyers and investors alike.
Finding the right financing option sometimes pose out to be a difficult task. Usually loans are available on a term of fifteen years with interest applied at the rate of six to eight percent.
The city of Dubai s blessed with genial sub topical climate much to the advantage of property buyers. It is also festooned with numerous places of interests like Al Raha Beach, Al Marjan Island to name a few. In a nutshell, Dubai offers everything a buyer looks for while buying property land. It offers a home away from your homeland that fulfills your expectations and needs.
Life in Dubai
One such ground breaking example is the Ski Dubai, 400 metre indoor ski slope constructed at a cost of 272 million US dollars. The artificial ski slope holds over 6000 tonnes of artificial snow which is made through revolutionary methods. Due to the amount of sunshine, Dubai is becoming a centre for sports. Dubai Sports City is growing by the day with high profile developments within it such an Ernie Els designed golf championship golf course called,”The Els Club”. Launched in January 2008, the course was opened by the creator and golfer himself, Ernie Els, ranked 5th in the world and the former Open and US Open champion. “The Els Club” was the first completed venue at Dubai Sports City and also the first in The Els Club brand in the world. This course has then led to residential developments being built with the focus on golf with many properties having views of the golf course.
Further major sports choosing Dubai for large tournaments if Cricket. The ICC will be moving their headquarters to Dubai with planned projects such as a global cricket academy at an expected cost of 25 million US dollars.
All these high profile sports and subsequent sports and related people are then creating an even more cosmopolitan community and not just at Dubai Sports City. With the diverse range of Dubai property on offer, it is not just celebrities or the rich that are purchasing Dubai properties. Of course, the land mark towers such as the very highly anticipated revolving tower, will be of top most exclusivity but there is so much more to offer in Dubai. For example, many very well equipped apartment at Dubai Sports City, such as Eagle Heights and the Elite Sports Residence collection are beyond comprehension for most people compared with the investment property in the UK.
Buying off-plan in Dubai property couldn’t be easier which is another plus point for the consumer. The discounts available are hard to say no too with many being sold in a matter of days. The downward turn in the property markets in the UK and USA looks not to have made any difference to the market in Dubai.




