Freehold Property Investment in Dubai
In 2002 Dubai made modifications to its constitution and passed the freehold law that allows for the freehold ownership of real estate in Dubai by any foreigner. And ever since then Dubai has become an international hotspot for property and the demand for real estate has exceeded the supply. Having said that there is doubt that at present Dubai is probably the safest bet for making overseas property investments.
Dubai has always been known for extraordinary architectural developments and breathtaking designs, and one such example of architectural intelligence is world’s only 7-star hotel situated in Dubai. Demand for property in Dubai is so intense that property prices have seen considerable appreciation in the last two or three years.
Why the Real Estate Market in Dubai is Heating up?
You must be wondering what caused this sudden rush for property investments in Dubai. The main reason behind this sudden increase in demand for real estate in Dubai is the fact that property laws in Dubai allow freehold ownership of land by any foreigner. Property owners can sell or rent out the property whenever they want. Ownership of freehold property also entitles the owner to a 3 year renewable residence visa. But this law applies to only a certain designated areas in Dubai. And the other big reason for this surge in real estate market in Dubai is the fact that no taxes are applied on income or property transactions in Dubai.
The other reason that can be seen as the driving force behind the real estate market in Dubai is the presence of a huge number of multinational companies. And these multinational companies have created a lot of jobs in Dubai; therefore the people working with these MNCs are either opting for rented accommodation or buying their own houses. This has considerably increased the demand for both the rented and owned property and which in turn has increased both the property prices and monthly rentals. Also property investment in Dubai is very simple and requires minimal paperwork, and sales agreement is all that you need to buy property in Dubai.
One of the most popular property developments in Dubai is Damac Heights; the 90-storey splendor designed by top designer house ‘Aedas’. Overlooking the Palm Jumeirah, this 8th man-made wonder offers the most exclusive penthouses, duplexes, 3, 2 and 1 bedroom apartments in the world.
Damac Properties are the largest private master developers in the Middle East offering the most exclusive Dubai Real Estate, Dubai Freehold Property and Dubai Investment Property for sale.
Accommodation Options in Dubai
Dubai is a man made paradise with spectacular buildings that include amazing shopping malls, beautiful hotels, and awesome amusement parks. The people of Dubai are very hospitable and its cosmopolitan culture offers a lively environment. There are millions of people who visit Dubai every year either for business expeditions or for vacations. There are various accommodation options available for a comfortable stay, such as Dubai hotels, Dubai villas, Dubai condos, Dubai beach apartments, Dubai self catering apartments, etc. The two main things you need to consider while selecting an accommodation is the location and your budget. Here is some information that will help you in your choice of accommodation:
Magnificent Dubai Hotels: Dubai hotels are truly architectural masterpieces with world class facilities and services. If you are visiting Dubai for a short period say 3 or 4 days and its more of official trip then you can make reservation in 3 star Dubai hotel, 4 star Dubai hotel, 5 star Dubai hotel or Burj Al-Arab the only 7 star hotel, depending upon your budget. Dubai hotels are furnished with all the contemporary furnishing and carry a touch of Arabian nights. You can also find cheap Dubai hotels that offer comfortable yet affordable accommodation.
Luxury Dubai Villas: If, you are looking for highly luxurious accommodation with greater privacy and flexibility then Dubai villas is the right option for you. These villas are equipped with all the amenities that 5 star hotels would offer. You get all the comforts of the magnificent hotels in these villas as they are specially designed for affluent people looking for lavish accommodation.
Dubai Beach Apartments: For a peaceful and rejuvenating vacation Dubai beach apartments are an excellent option for you. These apartments are situated near the tranquil beaches of Dubai and feature exciting recreational facilities. If you are a beach lover and wish to enjoy the scenic beauty of Dubai then you must book a beach apartment for your stay in Dubai. Beach apartments also offer the advantage of space and privacy and are located in close proximity of beaches.
Self-Catering Dubai Apartments: If you wish to stay for longer period in Dubai then self-catering Dubai apartments are a great choice. These apartments are very cost effective in comparison to Dubai hotels and other accommodation options. Self-catering apartments are fully furnished and equipped with all modern amenities. These apartments offer privacy and home-like atmosphere. You can rent a self-catering apartment anywhere in Dubai as they are easily available in some of the very posh areas like Dubai Marina at very reasonable prices.
For more information on various accommodation options in Dubai and Dubai hotels, please browse through www.dubaifurnishedapartments.com.
