Dubai property offers overseas buyers some truly exciting options. Prices are still very affordable and a fast growing property market is currently underway offering purchasers many strong investment opportunities.
Property is so much part of Dubai's infamous growth that real estate investment here allows buyers a spectacular chance to cash in on high growth of an average 18% per annum (over the past five years) and typical rental returns of up to 12%.
Dubai property attracts shrewd land and property investors who seek to purchase from the very start and reap high, tax-free rewards from both commercial and residential properties. Since 2006, freehold ownership rights have been formally given to foreigners and demand is exceedingly high for commercial and residential property to accommodate the large influx of multinationals and expatriates to the Emirate. Developers cannot currently build enough to keep up with demand and while this situation continues, the property market in Dubai remains buoyant, offering homebuyers and investors outstanding growth potential.
The lavish Dubai International Airport in itself is an architectural sight to be seen and reflects the great innovation Dubai offers at every corner. The airport is currently under expansion to cater for Dubai's projected surge in tourism and this is expected to further boost Dubai, alongside its growing international corporate activity and property markets. As the fastest sector of the economy, tourism is targeted at 15 million visitors per year by 2010 and, with projects such as the 20 billion dollar Dubailand now well underway, an even healthier rental and holiday home market is anticipated for the near future. Large commercial zones, including Dubai Media City, Dubai Pearl and Dubai International Financial Centre are also attracting expatriates in their droves, all creating a huge resulting demand for luxury apartments and villas for sale and rent.
Dubai's economy is strong and growing beyond all expectations, while the construction and real estate businesses account for almost one quarter of its GDP. We are confident that Dubai will grow from strength to strength as a popular property investment location.
Sheikh Mohammed relies heavily on the continuing entry of multinationals to Dubai and the scale of some of the new construction projects makes them entirely dependent upon foreign business investment, there simply not being enough local firms to justify the ambitious structures being built.
The sheer wonders and luxury of Dubai hold an irresistible lure for many seeking shimmering towers and state of the art modern living, all within a tax-free environment. A warm climate and countless leisure activities make Dubai an ideal place in which to holiday, invest or live.
Dubai property attracts shrewd land and property investors who seek to purchase from the very start and reap high, tax-free rewards from both commercial and residential properties. Since 2006, freehold ownership rights have been formally given to foreigners and demand is exceedingly high for commercial and residential property to accommodate the large influx of multinationals and expatriates to the Emirate. Developers cannot currently build enough to keep up with demand and while this situation continues, the property market in Dubai remains buoyant, offering homebuyers and investors outstanding growth potential.
The lavish Dubai International Airport in itself is an architectural sight to be seen and reflects the great innovation Dubai offers at every corner. The airport is currently under expansion to cater for Dubai's projected surge in tourism and this is expected to further boost Dubai, alongside its growing international corporate activity and property markets. As the fastest sector of the economy, tourism is targeted at 15 million visitors per year by 2010 and, with projects such as the 20 billion dollar Dubailand now well underway, an even healthier rental and holiday home market is anticipated for the near future. Large commercial zones, including Dubai Media City, Dubai Pearl and Dubai International Financial Centre are also attracting expatriates in their droves, all creating a huge resulting demand for luxury apartments and villas for sale and rent.
Dubai's economy is strong and growing beyond all expectations, while the construction and real estate businesses account for almost one quarter of its GDP. We are confident that Dubai will grow from strength to strength as a popular property investment location.
Sheikh Mohammed relies heavily on the continuing entry of multinationals to Dubai and the scale of some of the new construction projects makes them entirely dependent upon foreign business investment, there simply not being enough local firms to justify the ambitious structures being built.
The sheer wonders and luxury of Dubai hold an irresistible lure for many seeking shimmering towers and state of the art modern living, all within a tax-free environment. A warm climate and countless leisure activities make Dubai an ideal place in which to holiday, invest or live.
