Property Explosion

Dubai, after Abu Dhabi is the second richest emirate in the UAE. This is the response of its vast import and export trading.

As oil reserves are running out, the rulers of Dubai have set about establishing Dubai as a leading financial and tourist centre of excellence. A new Dubai is emerging: a Dubai that offers the highest standard of living with no compromise.Since Dubai allowed foreigners to purchase property, and issuing UAE residency visas, there has been a property explosion. Dubai is rapidly becoming the obvious choice for the overseas investor. High rents in the area combined with low purchase prices of properties have fuelled the house-buying boom which has lead to many exciting new developments.

Combine all this with zero property and income tax, and an unmatched standard of living; it is no surprise that Dubai is the number one emerging market today.

Currently the lack of available housing has caused rents to rise and this has also lead to increasing prices of new and off plan property too. New residents coming in to Dubai each day will put further long term upward pressure on prices.

Dubai is a safe and very prosperous city with a strong trading tradition, and its property sector was only released from restricted ownership just over two years ago.

Some of the benefits Dubai has to offer:

• All year round sunshine



• Tax-free environment



• Cosmopolitan community



• One of the world's highest standards of living



• Low inflation



• One of the safest cities in the world



• Low cost of living



• Stable currency

Dubai Property facts

1. Dubai real estate is five times cheaper than in London

2. Dubai rentals are returning between 7% and 11%

3. Properties are increasing up to 30% between build and completion.

4. Dubai is adding 85,000 housing units to accommodate the increase of population from 1 million to 3 million in the next 3 years.

5. Dubai has he fastest growing population in the world with an increase of 24% last year

6. Purchasers of property in Dubai are eligible to apply for a residence visa

7. Most properties are freehold

Boom City

Sheikh Maktoum (Ruler) put Dubai on the map; Dubai put the WORLD on the map! Sounds bizarre, right? Well, not if you’re in this part of the world. This city is no ordinary city. Some call it a mammoth construction site, some call it the crane capital of the world, I call it OUT OF THIS WORLD.

Dubai the city of a rising skyline, a city of dancing cranes and beyond belief buildings all merged into a display of the unstoppable desire of man to live amongst the clouds.

Nothing on earth shows the thirst for building a modern aged metropolis than Dubai. Some may disagree but none of Beijing, Hong Kong or Shanghai can match the desire in Dubai to transform the way the world understands city development, living space, architectural design, and building construction. Not a single day goes by without someone, somewhere in this desert thinking “What if we built it like this?”. Dubai isn’t at the cutting edge of 21st Century construction; NO it has far surpassed it and is now defining a new era of boundary shattering design with projects such as the Burj Dubai, Infinity Tower, Burj al Alam and many others.
Not content with building the biggest constructions, the tallest skyscrapers or just creating the largest man made islands in the world, Dubai went one better. It brought snow to this sun-baked desert. Ski Dubai boasts a 400-metre indoor ski slope, which holds more than 6,000 tonnes of snow. Now that is OUT OF THIS WORLD.

Copyright; 2007, KayZ. All rights reserved.