Dubai real estate market has blossomed in the past fifteen years due to implementations of one-of-a-kind projects such as “The Palm”, “The World” islands and “The Walk”, this fantastic place has earned the interest of the world’s wealthiest people, mid-size and small investors. Today, most of Dubai population is Asian by origin, has a population which covers 185 different nationalities and offers great returns on investment to more than five thousand companies.

When someone thinks about the United Arab Emirates the first thing that comes to mind is a hot desert area, which might not be a glamorous place to live in, but the truth is that Dubai has a multicultural and sophisticated society which lives up to international standards.

Due to its accelerated growth, property investments in Dubai have become a real goldmine to everyone who is willing to contribute and participate in all the wonders this place offers. Private sector investments are now calculated to surpass the 4000 million.

The success of Dubai property sales resides in the fact that the city is properly diversified and has what are referred to as “Free Zones” which offer incentives to investors such as: repartition of profits, complete foreign ownership, tax exemptions for Levi construction and extended leases.

A few Free Zones which have skyrocketed property investments in Dubai are: media and internet city, Jebel Ali free zone, gold and diamond park, etc. Dubai property sales have also attracted major financial institutions and insurance companies which are currently regulated by the UAE central bank and are restricted to have up to 8 branches per institution after meeting government regulations.

Other important factors which have skyrocketed property investments in Dubai are the fact that businesses can be established in 20 minutes in free zones, there are no income tax and corporate tax regulations which represent a huge advantage for investors, low cost work environment as well as low energy costs and a state-of-the-art city which could be considered the eighth world wonder!.

The huge returns being made from Dubai property investments has pushed the prices up for locals and expatriates wishing to either buy commercial or private property worry about being able to afford to live in Dubai the mortgage repayments are often significantly higher than rental payments. Due to high demand and rapid growth particularly in apartment and seaside dwellings building costs have skyrocketed. Some market experts predict a slump or a correction to prices by a reverse trend sometime in the near future. To date however there appears to be no slowing down and demand way out exceeds supply. The fast profits being made have lead to a worldwide awareness and a rush to invest and as a result there have also been dubious realtors and scams being conducted.

If you are considering buying commercial properties in Dubai then it is prudent to do your research first. You cannot expect to just jump off a plane and find yourself a profitable short-term investment. Foreigners in particular need to be wary and get sound advice before even considering a purchase. As an investor you cannot apply other market results to expectations of returns. To avoid being scammed or sold over priced properties then you really need to spend some time having a trusted person look over any prospective deals and comparing them to others in different regions. Never buy a property unseen.

Dubai’s government opened up shop for those of any nationality in may of 2002 this lead to an overnight boom in the real estate market there is however no guarantee that this will remain the status quo. Dubai investment bank, Emirates Financial Services (EFS) has launched a $20.4 million (Dh75 million) real estate fund that will invest in profitable short-term opportunities in the UAE’s surging property sector. EFS, a unit of Emirates Bank International, said the UAE Real Estate Arbitrage and Trading Fund is managed by a unit of Investment Boutique, a partner of Better Homes, the largest estate agency in the UAE.

Dubai as mentioned earlier has a tax free law which means that no taxes are imposed on people who want to venture into Dubai real estate. There are currently many Dubai real estate and property projects which are coming up in various locations in the city like The Walk, Jumeriah beach residence, Business bay, The Executive Towers, The Villa, and Bay Avenue. Dubai sure is the ideal place to invest in real estate and you will find different types of apartments ranging from studio, to three bedroom apartments, villas and luxury homes being built and put up on sale.

Not only this, ownership of freehold property in certain designated areas in Dubai also comes with a 3 year renewable residence visa for the owner of the property. And the other factor favoring real estate investments in Dubai is the relaxation in taxes. You might be surprised to know that no taxes are applied on income or property transactions in Dubai.

Dubai continues to set new records in real estate, taking Dubai far ahead of the most favored real estate destinations in the whole world. Amber Residence is strategically located in the heart of the Dubai World Central Residential City and close to the world’s largest airport, the Dubai World Central International Airport (JXB). A vivacious location always alive with excitement, living here would be a treat. Energize yourself with the buzz of people by investing in a space that gives you the unique advantage of location.

Amber Residence is a modern architectural design offering the finest residential and retail lifestyle. A stylish red building overlooking a landscape that’s a visual delight, this is the ideal living space for the modern man and woman. With prime neighborhoods, world-class amenities and a wide variety of distinctive facilities to suit any lifestyle, one will enjoy a carefree lifestyle.

At Amber Residence, absolute care is taken to ensure that every need is met. And that’s why you’ll enjoy exclusive leisure and fitness facilities designed to give you a sense of well-being and balance. To stay fit and healthy always, residence of Amber will enjoy using:

•Swimming pool

•Health club

•Gymnasium

•Multi-purpose activity room

Established in 1995, DAMAC Properties has grown into one of the most successful developers in Dubai real estate market offering luxurious and architecturally brilliant Dubai Freehold Property and DubaiInvestment Property.

About DAMAC Properties

DAMAC Properties is part of DAMAC Holdings. DAMAC properties has grown into one of the most successful residential, leisure and commercial developers in Dubai and the Middle East, and is expanding rapidly into North Africa, Jordan, Lebanon, Qatar, Saudi Arabia and the Far East.

The company’s portfolio includes properties spread across 500 million square feet and is worth in excess of US$30 billion. By partnering with world renowned architects and designers, DAMAC Properties aims to develop schemes that include residential, commercial and leisure facilities that will create an integrated community. The company’s schemes are located in the most desirable and exclusive locations and the homes are built to a high quality specification that has become synonymous with the group.

Driven by a passion for excellence, DAMAC Properties manage all their projects from start to finish. The company’s diverse range of expertise allows them to control land purchase activity, appointment of architects and designers, construction and sales and after sales service. In addition to support services provided by their Dubai headquarters, the company’s comprehensive Customer Care Program provides solutions through its vast regional network with offices in the UK (London, Manchester, Reading, Leicester, Birmingham and Glasgow), Ireland, Italy, UAE, Iran, Russia, Jordan, Lebanon, Egypt, KSA and Qatar.