Real Estate in Dubai - Taking a Step Ahead in Future By Rohit Kumar Chopra
Dubai has constantly been well-known for its amazing architectural growth and spectacular designs, and one illustration of such architectural aptitude is the planet only seven star hotel positioned in Dubai. At the moment, real estate in Dubai is perhaps the safest gamble for making any overseas property investment.
Now you must be thinking regarding the reason following this sudden rush in the Real Estate investment in Dubai. The chief factor behind this rise in the demand for the property investment in Dubai is the verity that asset laws permit the freehold possession of the property by any outsider, which allows the assets owners to rent out or sell the property each time they desire. Along with the possession of the freehold assets in certain selected areas in Dubai, a three year renewable habitation visa is also offered to the holder of the property.
Another reason which acts as a dynamic force behind the property market in Dubai is the billion dollar investments via several of the leading multinational corporate in the world. This has resulted in the increase of the job opportunities in the city and increase in the population there. Due to the increase in the population of the city, the demand for the properties (both rented and owned real estate) has also increased. The legal formalities related to the investment in the real estate in Dubai are very minimal and simple, leading to a hassle free affair to the property owner and investors.
Looking into all the mentioned factors there is no uncertainty why Dubai is becoming a fantasy destination for the real estate. Dubai persists to set innovative records for construction and development, taking Dubai to the front of the most preferential real property destination in the entire world.
Rohit Chopra is an expert author, he is currently writing with Equilibrium. We provide detailed information on real estate in UAE and property in UAE", Real Estate Investment Loans, Seller Concessions and much more. Make your investment today with us for a life long financial gain.
Property Developers In Dubai Monitored By Real Estate Regulatory Agency (RERA) By Jasdeep Kaur
Now property in Dubai is under close scrutiny by the Real Estate Regulatory Agency (RERA) which in turn has been recently formulated by Dubai Land Department. According to RERA, a Dubai property buyer has to keep the following points in mind before making an investment:
The concerned property developer has registered with Real Estate Regulatory Agency. In such a scenario, s/he will be able to quote a registration number.
The payments are to be made via escrow accounts with one of the banks/ financial institutions approved by RERA.
The concerned property dealer has registered with RERA. In such a scenario, s/he will be able to show an Identity Card.
RERA is carefully implementing and monitoring the new trust accounts under the Law 8 regarding escrow accounts formulated in summer this year. By the year end, all existing property projects in Dubai will be registered under the new escrow account law.
The property market in Dubai has to make itself at ease with more regulations than ever in the coming months. Besides ensuring safer deals, the new law is aimed at creating a better capitalized scaffolding to manage a slowdown in the ongoing property boom in Dubai. This is indeed a positive step taken by the Dubai government in the best interest of all concerned with property market dealings.
The new law 8 and under it, the escrow accounts are meant to ensure that all deals are transparent and buyers' valuable investment is not misused by developers and/ or agents involved.
Jasdeep Kaur works as a property correspondent with Real Estate Dubai.
Dubai - The Dream Destination for Real Estate By Avinash Smith
Dubai has always been known for extraordinary architectural developments and breathtaking designs. Dubai has become an international hotspot for property and the demand for real estate is so intense that property prices have increased considerably over last two or three years.
You must now be thinking about the reason behind this sudden surge in property investments in Dubai. The main factor behind this appreciation in demand for real estate in Dubai is the fact that property laws in Dubai allow freehold ownership of land by any foreigner, allowing property owners to sell or rent out the property whenever they want. 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.
The other reason that can be seen as a driving force behind the real estate market in Dubai is billion dollar investments by some of the biggest multinational companies in the world. Since most of these companies have started running their operations from their offices in Dubai, this has created a lot of jobs in Dubai, which in turn has increased the population in and around Dubai. This increase in population resulted in an increase in demand for real estate (both owned and rented properties) in Dubai. Adding to this is the fact that property and real estate laws in Dubai are very simple and requires minimal paperwork in form of a sales agreement.
And the last but by no means the least 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.
Taking in account all the above cited factors there is no doubt why Dubai has become the dream destination for real estate. Dubai is also famous for it's man made marvels which are undoubtedly the best in the world, and some have even been named as the eighth wonder of the world. Dubai continues to set new records for building and growth, taking Dubai far ahead of the most favored real estate destinations in the whole world.
Damac Properties are the largest private master developers in the Middle East offering the most luxurious and exclusive residential and commercial Dubai Real Estate, Dubai Freehold Property and Dubai Investment Property for sale.
Dubai's Commercial Property Sector - A Popular Pick By Jasdeep Kaur
Dubai's commercial property is looked upon as a lucrative option in the business circuit the world over. It is noteworthy in this regard that a number of office buildings in the Dubai International Financial Centre have their initial value experiencing a growth spurt within three months' period! In another instance of the rising popularity of commercial property in Dubai, the rates of land in the Business Bay locality have seen a rise of about 40 percent.
When it comes to the rental market in the commercial property sector, Dubai is close on the heels of top 10 countries of the world. With an average office space rent at the rate of 329 AED per square foot, the figure continues to shoot up. Still one can witness the current demand-supply equation in the wider Dubai property market applies to office spaces as well. Demand continues to outstrip supply even while commercial property in Dubai is on its way to expansion.
Places like Discovery Gardens and Jumeirah Lake Towers have seen a delay in the delivery of units due to delays in water and electricity supply. The delay has further stretched the high rates for a still longer span of time. But the fact remains that once the supply resumes and there is delivery of office units all at one go, the price bubble of commercial property in Dubai will burst.
By that time, however, Dubai will have a host of world-class office spaces available at cheaper prices, which in turn will attract business houses from around the world to make Dubai part of their portfolios. Dubai is indeed going to be an international business and financial hub in the years to come.
Jasdeep Kaur works as a property correspondent with Real Estate Dubai.
Dubai is one of the seven emirates that form the United Arab Emirates. Dubai city is recognized as one among the fastest growing cities in the world. The city attracts many tourists from all over the world.
Import duties are very less in Dubai. Wide varieties of products are available at affordable prices. Dubai properties have attracted buyers from all parts of the world since its introduction of freehold status in 2004. The local rulers did not permit buying property in Dubai in the past. Dubai properties give a greater return on investment. Because the properties are not subject to any tax or stamp duty you can buy these properties at an affordable price. The best Dubai properties are available at budget, premium and super premium pricing levels. Buyers will have the right to gain residence visa status.
People interested in buying properties with freehold status are increasing now because the procedure to buy property in Dubai is less complex than in other countries. You have to complete reservation form and outlay a down payment to buy Dubai properties. After this the developer will then forward a sales contract, which will be the binding contract between the two parties as purchase agreement. To buy properties on completion of unit you will be required to pay 1.5% municipality tax to register the unit.
Dubai property comes in different forms such as villas, apartments, office spaces and hotels. So you have plenty of selections for real estate investment in Dubai. Real estate properties to invest in Dubai are available in Palm Island, Business Bay, Dubai Marina, Jumeriah Lake Towers, Dubai land, sports city and many other places.
Commercial property in Dubai will become very scarce around the next 2 years as more and more businesses moving into Dubai are creating high demand. Experts foresee that in the coming days there will be a major scarcity for commercial property in Dubai.
Landvestdubai, specialised in the promotion of real estate investment in the UAE, provides specialist advice on all aspects of buying Dubai properties.
In Dubai there are now strong signs that the government is getting some sort of grip on the excesses of the Dubai property market - and about time too. We have long viewed the market as quite high risk. The market has an unusual set of drivers and is not exactly the most transparent place to buy property.
The huge amount of building there inevitably raises questions about oversupply, but seemingly so far demand has outstripped supply.
Price growth in some parts of Dubai has been reported to be an almost unbelievable 79% in 2007, that is on top of already impressive growth figures in the previous years. High growth is continuing in 2008.
Now in mid-2008 the government is stepping in to to regulate off-plan purchases, mortgages and are implementing a whole raft of measures to cool the market. These are likely to do the job they are intended to do.
Like some of the buildings in Dubai the property market has seemed to defy gravity. With high prices and more heavy government intervention I would be even more wary of investing in Dubai than I have been in the last few years. It remains to be seen where the Dubai property market will head next and whether the Dubai government can really use their oil money to turn a patch of desert into one of the world's true commercial and financial centres.
Overall, I would avoid Dubai as an investment location, high investment returns can be made elsewhere for much lower risk.
The era of investment in Dubai and the UAE seems to be never ending. The number of investors in Dubai and the UAE is increasing at a considerable rate. It is one of the most attractive places in the world to enjoy the retired life and for those who are looking for some investments in Dubai will be able to get huge returns from their investments.
Dubai is one of the most luxurious cities in today's world. It is one of the best holiday destinations, where you can have tremendous fun. Dubai has many 5 star hotels, wonderful beaches, top restaurants, clubs and resorts these attracts investors from across the world to buy property in Dubai. The main reason for people to prefer Dubai is the intermingling culture and the variety of activities and opportunities that it offers.
Dubai offers a whole host of services to the residents. One of the main attractions is the night life in Dubai where you have unbelievable fun and enjoyment. This real estate explosion in Dubai is due to the excellent lifestyle, business opportunities and excellent job opportunities. Better healthcare facilities are available in Dubai and the UAE. Dubai is one of the most apt locations for business meetings in the Middle East countries.
If you have decided to invest in Dubai and the UAE, this is possibly the best time to do that. Dubai is one of the most exciting places in the world and the price of property is set to increase dramatically in the coming years as many of the attractions such as Dubai land and sport city complete. There are large numbers of investment properties available in Dubai, so make sure to invest in the best possible one that gives maximum benefit.
By searching the internet you can find a wide variety of resources for better opportunity for real estate in Dubai Many websites are available where you can find the hot spots in Dubai to invest.
Looking for the best opportunities in Real estate Dubai? Then visit http://www.shooba.com/
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 isnot 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 Dollor
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.
