Property Investment in Dubai
December 19, 2009 by admin
Filed under Tourists Attractions
Dubai- “PEARL OF THE GULF” – is one of the most forward thinking and open places in the entire Middle East. Dubai Investment property sector hugely encourages foreign investors and immigrants. With its lavish developments and sounds ready for anyone to indulge them in, Dubai investment property is certainly looking out for provides a vibrant cosmopolitan environment that fosters growth and appalling capital gains.
The current population of Dubai is 1.5 million (2007) and tourism figures is 5 million. There is no corporate tax; no income tax; no capital gains tax; no foreign exchange controls, trade barriers or quotas; and no restriction on capital repatriation. Consequently it is estimated that by 2012, the population will grow to 12 million and the number of tourists visiting Dubai will be in excess of 5 million. Modest predictions for capital growth are 15% per annum, but we have seen value appreciations in excess of this. Residential yields are coming in at 15% per year also, while commercial rental income is in excess of 20%. So underlying data is sound enough to produce high returns from property investment in Dubai which is safe place for investment; having a good trend of capital gains at the time.
Dubai looks set to increase in both financial clout and influence in coming years, and the forward-thinking nature of the emirate is testament to the success it has. With many specific free zones already set up for Dubai property investment Dubai Internet City and Dubai Media City, Emirates Hill, Sports City, for example, and more planned, things are certainly looking up. Many major worldwide companies have headquarters in the emirate, including Microsoft and IBM, this alone should convince anyone that the region has some solid economic ground to stand on. Dubai property investment is big business in the region, and prices are currently surprisingly low. Now is the time to invest in property in Dubai and those that can afford it really should look into it, Dubai is essentially a purpose-built playground for the rich, and home to the fastest growing city in the world.
More and more people are adding Dubai investment properties to their property portfolios and historically these purchases have provided excellent returns for many people in many countries. This interest in Dubai property investment has been partly fuelled in recent years by capital growth, high residential yield, excess in commercial rental income, and the increasing scope and affordability of international travel. Just invest and then sit back and watch the value of your investment grow!
Motorcity in Dubai – Living the Automotive Dream
December 2, 2009 by admin
Filed under Tourists Attractions
They do things differently in Dubai, a perfect example being Dubai Sports City, the world’s first dedicated Sports City and a place where people can celebrate sporting excellence in all its various guises. The launch of MotorCity in Dubai has undoubtedly taken Dubai’s ability to turn dreams into a reality that one stage further.
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Ever since the days of Henry T. Ford, man has had a fascination with the motor car and all its facets. The unique sound of the engines, the beauty and sophistication of the design through to the sheer exhilaration of the drive itself. All of these qualities and passions have now come together in one very unique place, MotorCity in Dubai.
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A testimony to the passions inspired by the motor car, MotorCity is a place where you can live and breathe every aspect of the automotive world. A place of work, a place to live and a place of dreams. This can only be MotorCity in Dubai.
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Motorcity is fact split up into a number of key areas, Business Park MotorCity, Uptown MotorCity, Green Community MotorCity, Dubai Autodrome and F1-X. Each one of these key areas come together to form a self-sustained city, a place of family fun, exhilaration and high octane entertainment.
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Dubai Autodrome will be the regions first fully integrated motorsports facility, incorporating not only an FIA sanctioned race circuit, but also a race and driving school and karting track. Designed to host automotive events up to world class standards, Dubai Autodrome is sure to prove one of Dubai’s main tourist attractions for many years to come.
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Business Park MotorCity is designed to be the developments business centre, and a commercial hub for the automotive industry. Home to some of the leading names in the automotive industry, Business Park MotorCity will offer a range of high tech office solutions to give its residents one of Dubai’s most high powered commercial addresses.
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Uptown MotorCity and Green Community MotorCity provide a wide range of superbly designed apartments and villas to cater for every taste and budget, and are sure to prove any motor enthusiasts dream.
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If Uptown MotorCity and Green Community MotorCity are where the motor enthusiasts will choose to live, the F1-X is where they will truly live their dreams. A place where motor sport fans can really explore and experience the world of Formula One like never before. A place of thrills and entertainment, of shows and expo’s, F1-X will truly encapsulate the thrills and entertainment of the world of Formula One.
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Dubai MotorCity looks certain to become the motor enthusiasts dream destination, and one of Dubai’s most popular tourist destinations. A place of high octane adventure and a place unlikely to be rivalled anywhere else on earth.
Hospitality and Leisure in Dubai
October 30, 2009 by admin
Filed under Tourists Attractions
The tourism industry in Dubai accounts for a rapidly growing percentage contribution to its economy. Tourists visiting Dubai were estimated at 2.9 million in 2006 and it is evident this is a 6.5% year on year growth.
Shopping is a huge pull for Westerners visiting Dubai. Dubai has the seventh largest shopping mall in the World. The largest malls in the world are the South China Mall and Jin Yuan. The Dubai Mall is actually the largest in the Middle East and Europe. The Dubai Mall has 1200 shops at a size of 12.1 million square feet. To put that size in an easier context, it is the size of 50 football pitches. Quite simply, shop till you drop!
2007 recorded occupancy rates in Dubai hotels of 74% with the rates in 5 star hotels even higher at nearly 85%. This figure is predicted to rise for 2008. European guests staying in Dubai hotels accounted for 32% of the total number of hotel guests with American’s making up just 8%. The number of hotel rooms in Dubai is set to double with the construction of Bawadi by Tatweer in Dubailand. A state owned company are planning to build this site where it will hold 31 hotels, the highest concentration of leading hotels in the world. This, they say, is to cope with the 15 million tourists predicted to visit Dubai by 2010. Bawadi is also set to have over 100 theatres each showing live, cultural performances.
An interesting fact is that 30% of the total tourism visitors are those visiting for meetings, conferences and exhibitions. Dubai is becoming a popular area for businesses to exhibit, have offices and meet clients. There are endless exhibition halls and office space all of extremely high quality and with all facilities required.
Another lure to Dubai which is growing year on year is for the sporting facilities and events in Dubai. Dubai Sports City is a sprawling area of Dubai offering 50 million square feet of sporting venues which includes academies, football pitches and golf courses. Ernie Els has designed and constructed a championship standard golf course within Dubai Sports City whilst Manchester United and David Lloyd have built academies. As this is a self contained mini city, Dubai Sports City has exceptional Dubai property available, many apartments having views of the sporting developments. Also within the city are retail developments and many cultural activities.
As there is so much to see and do, visitors keep coming back and back. Many tourists are wanting to purchase their own piece of Dubai in the form of one the many exceptional Dubai properties. Dubai Sports City alone contains luxury developments including the Eagle Heights and Elite Sport Residences. Luxury Dubai property can be found throughout Dubai, even within shopping malls!
Issues You Should Consider to Buy Dubai Apartments
If you want a tranquil as well as panoramic living place with all the modern facilities then Dubai should be you first choice. Dubai is an exclusive city with timeless deserts and golden beaches. This multi-city has an extensive range of apartments on offer that are sufficient to those looking for property on a budget and also for those who come to visit for a short time. Living in Dubai assures year round sunshine and contemporary life style. For some excellent building like Jumeriah Village South and Jumeirah Lake Towers; values for money apartments have been in short supply.
Here follows some logical factors why you should think of buying your apartment in Dubai.
Situated at the center of the world, Dubai has become a leading business and tour center, with more than 90 airlines providing direct flights worldwide to the city thus forming it into one of the premier tourist destinations in the world.
Wide choice
Dubai offers you wide choices to pick up your right apartment. You can choose apartment from Nakheel’s International City, Jumeirah Village or Dubai Sports City. Apart from these, there are the Shoreline apartments on both the Palm Jumeirah and Palm Jebel Ali, or possibly an apartment in the world’s tallest building, the Burj Dubai.
There is also a wide range of apartments in Sports City. With the likes of Rufi Towers, Eden Gardens and Oasis Tower buyers can invest for their apartment that is most promising location as living in such a development brings the lifestyle perks. Apartments such as Al Duaa Gardens, Prodigy 4 and El Matador present best level of comfort expected from Jumeirah Village South without costing more money.
You can also find a budget price comparative apartment at Discover Gardens. This offers studio property in Dubai where you can get pleasure from the world’s largest themed shopping mall with abundant landscaped garden.
If you are a visitor in Dubai and want to stay in Dubai for a long time or with a large group or simply desire privacy, apartment might be a better option than staying in a hotel. The luxury fully furnished apartments are available for you. Here you will get all the modern facilities like high speed Internet, Cable TV, DVD/CD player, gymnasium, swimming pool, sauna, covered car park etc in those apartments.
Remember the fact that the prices of the apartments have gone up sharply in the past few years, though the prices are still cheaper than European prices. The Dubai freehold property markets offer a wide range of apartment options in a large number of different price brackets.
So, Dubai offers their clients modern fashionable as well as comfortable apartments at a very affordable price.
An Overview of Ever Growing Dubai Real Estate Market
August 20, 2009 by admin
Filed under Tourists Attractions
The city Dubai has become the first choice for those who want to invest in real estate properties. In Dubai there is a continuous process of growth and opportunities in the real estate market. The quick returns of the investment and the rental guarantee are some of the factors that have attracted the numerous investors in Dubai real estate market. If there is a product that has demand, then the market has to supply that product. Actually, it is a city that fills your all demands.
The groundbreaking changes which are taking place in the real estate market of Dubai are absolutely amazing. If you consider it closely at the details of evolving constructions and properties in the growing market of Dubai, you must become wordless. It looks as if all these towers and communications are coming out of thin air.
The luxury and the fashionable constructions mark the Dubai real estate properties. In fact some of the areas such as Discovery Gardens, International City and Dubai Sports City have become world famous for the luxurious properties.
So, if you’re looking to buy properties in Dubai then you should take into your considerations such places as Palm Jumeirah and Palm Jebel Ali signature villas, garden homes, garden villas, water homes and shoreline apartments which are the fastest moving properties on the local market here at the moment.
Many investors, however, believe that it is better to invest the accumulated capital of a person in the growing areas such as Las Vegas and New York. They believe that real estate investment there means to get high returns. But there are also some shortcomings in doing business in Paris, Las Vegas, New York or even London. For doing business in those places you have to pay excessive amount of money. You will have to pay up for various things like buying the land, interpreting foreign ownership and tax laws and other costs related to real estate investments.
But in respect of these costs you will have great benefits in Dubai. But in respects of the communication facilities as well as other modern amenities the city has also great offers. At Dubai you will have easy access of airport, luxury entertainments, a great landscape and all the amenities that a hotel with international standards has and what the luxury residents would desire to have. For these reasons Dubai is a dream city for the property investors.
If you have a little idea about the Dubai real estate properties you may have heard the names of such properties as the Palm Islands, The World, Dubai Marina, Dubai Waterfront, Business Bay, Dubai land and The Burj Dubai Complex. These properties are home to skyscrapers such as Emirates Towers and the Burj al-Arab. The Burj al-Arab is located on offshore property in the Persian Gulf. The Burj al-Arab is currently the tallest hotel in the world. Another well-known property in Dubai is the Business Bay. The new business district is to be home to five hundred skyscrapers, all of which are going to be built on land that was lifted from the Dubai Creek.
So consider investing in Dubai property or you may lose the chance forever.
