Investment in Dubai – Part 1
Earlier only those people who had entry in foreign corporations or investments funds used to invest in Dubai properties. Now, even the foreigners can easily invest and can take active participation in the capital investment in this ever-growing market of the Dubai properties. Amidst the glasslike towers along the vast sea, Dubai promises increasing returns for its investors.
Sheikh Mohammed bin Rashid Al Maktoum announced that the laws of Dubai would be changed and formulated to invite more foreign investors to Dubai and assist in its tremendous growth. With the help of the foreign investors, Dubai has today become the business hub of Asia today.
To felicitate this, Dubai is inviting more and more investors to stake on the skyscrapers of Dubai. This can easily be achieved through the Real Estate Investment Trust laws that permit the buying of property in Dubai. This special kind of law can lead to the best real estate growth the world has ever witnessed.
The REIT’s or the Real Estate Investment Trust enables the foreign investors to bring in their money to invest in buying Dubai properties. The investment made through this law will be planned, and with the use of the capital investment mutual fund one can easily purchase properties in one of the hottest real estate market of Asia, in Dubai.
Real Estate Investment Trust certainly provides enormous growth to the property market and financial wealth throughout the United Arab Emirates and mainly in Dubai. Legal terms and condition and special tax permit local control of the foreign investment.
Without any sales tax or the personal corporate tax, the foreign investment has increased manifold and the skyscrapers have become another name for Dubai. The big hotels, luxury resort and resident communities have played a major role in development of Dubai’s economic condition, along with the residential assets development.
It is the best time for anybody to invest in Dubai properties with all its investor friendly laws and regulation. It is highly possible that after a certain span of time it might became impossible to invest in Dubai properties. The time is ripe now for investment in Dubai before it is too let.
How is Gay Life in Dubai
Same-sex relationships are illegal in Dubai and are, officially, not tolerated. If you know the “right” people and the right places in Dubai, there is plenty of gay life. Some of the gay spots in Dubai you can even read about in the Spartacus Directory. However, you can’t compare the gay life here in Dubai with that of Western Europe. Here, it’s almost all “underground” and there are risks involved.
However, many gay people do live in Dubai and, as long as you’re quiet and don’t draw attention to yourselves, you should be fine. Finding other gay people is, however, a big challenge. It can be a problem to find hotel allowing gay people to order one bedroom with one bad, or to rent some other Dubai property for their vacation. However there are many gay men & women there, and as long as they don’t flaunt it publicly everywhere you go, there is no problem whatsoever. The only places they can sort of “let your hair down” is in the nightclubs. Otherwise, it’s better to keep a neutral profile when going around town.
There are, obviously, officially no gay bars and those in the past that have germinated have been swiftly closed down with deportations following with equal swiftness. But anyway the gay scene is up and happening around many nightclubs in the city. It’s one of the many things in Dubai: everyone knows about it, but nobody makes it “official”.
Dubai’s first publicly advertised gay club night the Diamond Club’s gay “Fluff Night” featured a transvestite DJ from Birmingham, England, and a “best-dressed transvestite” contest showed example of importance being “not official”. Alerted to the gay event by the thousands of publicity flyers distributed by the party’s organizers, local authorities closed the club for “violating Islamic laws and indulging in immoral activities”.
The order to close the club, issued by Dubai’s Crown Prince, General Sheikh Mohammed bin Rashid al-Maktoum, was also seen by those in the region as a public demonstration of the governments disapproval of homosexuality. According to the International Lesbian and Gay Association, consensual sodomy in Dubai is punishable by up to 10 years in prison, although punishment can be more severe if defendants are charged under Islamic law, rather than under the secular penal code.
Very often police raids parties and arrests men in countries like UEA where homosexuality is illegal. Hormone treatments are used in an attempt to “cure” gay men and turn them straight. The same is in Egypt, where once famously arrested more than a dozen gay men attending a boat party, a move that led to international condemnation and criticism from the European Union. Also in Saudi Arabia arrested more than 30 men for taking part in a gay wedding party.
However UAE were warned that any attempt to administer hormone or psychological treatment to foreigners would break international law. A police spokesman in Dubai answered on this that the foreigners were likely to be deported, while the Emirati men could be given hormone therapy if they consent.
The censor in internet sites in Dubai is pretty tough. Almost all of the websites concerning gays are blocked. Gaydar is totally blocked except for their French language version (a strange phenomena that I haven’t figured out yet). Every website that has the word “gay” or “sex” is blocked. While Etisalat has blocked many gay web sites, some of the paid message boards are easily accessible. Who said Dubai doesn’t have a night…er …gay life.
Dubai Real Estate – Dubai Property Investment
November 10, 2009 by admin
Filed under Restaurants
Dubai was the initial emirate of the UAE (United Arab Emirates) to get mixed up in the freehold real estate market at the time when the purchasing and selling of assets in Dubai was earlier limited to the GCC Nationals. The amount of expatriates residing in UAE as a whole, particularly Dubai facilitated the requirement to offer various overseas residents the chance to create Dubai a stable abode. With the first freehold property law, which came into place in 2001 and the subsequent property, developments declared all indications pointed to a flourishing future of the freehold market.
Several years on, the hit of the Dubai real estate market has now been appreciated and almost everyone desires to posses a freehold property in the exciting Emirate of UAE. All credit goes to the apparition of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, the formation of the freehold property laws, which enables expatriates to buy properties within definite developments have show the way to huge influxes of venture in the Emirate. This has propelled the financial growth rates of the whole country to tremendously sky-scraping levels, which protected Dubai itself as one of the iconic destination.
The population explosion in Dubai has resulted in umpteen numbers of real estate investors and novel residents from the all over the world over purchasing, renting, investing and selling investing in both the commercial and residential property in Dubai. With massive numbers of innovative businesses rolling in Dubai, the demand of property in Dubai has developed exponentially from the time of the introduction of freehold property law. Immediately with the numerous freehold residential expansion in Dubai, the government started making Dubai more practical as a business center. Thus, the place now provides a huge amount of freehold property office space. Nevertheless, the requirement for the residential space has also mounted up at the same fast pace as the commercial space, implicating that the demand for property outdo the supply. Whether it is offices, houses, showrooms, restaurants, warehouses or any other kind of asset, with such great demand to purchase freehold properties in Dubai, property seldom remains on the Dubai real estate market for long, thus the investors must use a dependable property service to make the job easier.
With an interesting and diverse selection of the freehold property in Dubai currently obtainable in the property market and increasingly developments facing achievement every day, the topmost freehold real estate market developers of Dubai continue to give quality properties both for the residents and the overseas investors to buy.
The purchase of the freehold property in Dubai indicates that the property or house is registered by the possessors name for entire life in majority of the developments in the market in addition to few developments, which offers 99-year leases periodically. The proprietors are issued with an agreement for their property which they purchase and as with purchasing assets in any other country, it is essential to go through and read all the particulars and any limitations that might exist in relation to maintenance and renting costs. It is feasible that all the freehold property buyers in Dubai must seek appropriate lawful advice when buying any kind of commercial or residential property, as the Dubai property law is created to guard you and purchasing freehold property is a major investment.
Financing Dubai Property
July 14, 2009 by admin
Filed under Tourists Attractions
One of the reasons why Dubai continues to grow and thrive is that it is such an amazing tourist destination for the majority of European travellers. The impressive five year plan for growth and development initiated by the Dubai government makes Dubai quite attractive to investors worldwide. At the same time financing in a foreign country can be tricky at times. But Dubai a good arena to seek financing because of the foresight of the Vice President and Prime Minister of Dubai, His Highness Sheik Mohammed Bin Rashid Al Maktoum in creating a secure financial law that protects both borrower and lender from all sorts of malevolence.
Investors who wish to invest in Dubai should choose well-backed planned properties that go along with the government’s scheme for mass development and beautification of the city to off plan properties that provide a more affordable means of entering the real estate market in Dubai. Applying for financing on Dubai properties can be done directly through their infrastructure for quick, easy and secure transactions that will get you into the action in the most competent manner possible.
One of the most important advantages of financing Dubai property is that investors are never subjected to some of the hidden fees that often complicate real estate transactions in other parts of the world. Moreover tax advantages are incredible when financing Dubai property as there are no taxes on capital gain or income taxes assessed on residential or commercial rental properties in the UAE.
The most important reason is to invest in Dubai is financial security. At a time when real estate, housing, and mortgages have lost their overall future value that they once held, this is the one spot in the world where owning land remains a secure and clever investment.
