Investing in Dubai Property

Property Investment is a growing industry, as global markets go up and down daily, you need a safe and stable place to invest. Property is a key investment option of many people’s portfolio. You can invest in property and have a nice place to retire or you can have it as an investment for the future. However you don’t want to just buy any property anywhere, you need to find the right area for development. This can be difficult, but it can be done and you will be able to find the right Property Abroad

One of the key markets for investment is Property in Dubai. There are many options for those who want a good return on their initial capital outlay and the selection of Dubai Properties can suit many budgets. It is because of this that you need to move quickly, but smartly, when it comes to planning to Invest in Dubai. You need to make sure that you not only get the right advice, but also that you get the right property.

When it comes to Dubai Property investment, you need to have the right advice. Dubai is a thriving investment area and you can get lost in all of the different deals and areas that are waiting for you. Having suitable professional help will guarantee that your budget is catered for and that you feel relatively little stress when it comes to your Property Investment.

Thanks to the huge growth potential of the Dubai Property market you can find a suitable property. However, it must be said that as Dubai is one of the cultural and vibrant places to live on Earth, the cost of living has to be accounted for. The lowest end of the Property in Dubai investment costs start at around £20,000. This can suit you if you have a small budget but you feel that Dubai will give you excellent return in the future. These properties will be comfortable and pleasant to live in and will give you a real flavor of Dubai life.

For those who can afford true Dubai living then the high end of the Property Investment market can be over £1,000,000. This is for those who want to have the luxurious and sumptuous lifestyle that Dubai truly offers. If you have the budget for this type of property then you will have some of the best options that Dubai has to offer. The return on these properties will be beyond your wildest dreams.

There are many different styles of Property in Dubai, many different buildings which cater for contemporary, modern and traditional tastes. All Dubai Property is expertly made and lovingly furnished and can offer you great year round rental possibilities. Rental in the Dubai Property market is a big industry, you can make year round profits from your investment and you can make money even when you are not in Dubai.

When you think of Property Investment seriously consider Dubai as the only place to buy!

Investment Property in Dubai

A few years back, many investors would have thought that an orthodox country such as the UAE could be a lucrative real estate investment destination. But with a little foresight and intelligent alliances, the rulers of the UAE have transformed the oil-dependent Middle East country into a major tourist hub with huge investment opportunities being thrown open to the global real estate investors looking to buy property in Dubai.

Dubai is a dream destination as far as temporary or permanent visitors in the country are concerned. The Europeans just love the modern amenities readily available for cheaper prices than their home countries. The guarantee of quality life at highly affordable cost of living makes Dubai a real hot potato for the British real estate investors.

Property Market in UAE - Dubai

Dubai is on the move and some serious developmental projects are under way on a large scale to transform the fortunes of the country. Almost everyday, reputed international companies are exploring the means of setting up their shop in Dubai. This is attributed to some aggressive promotional and developmental strategies adopted by the government.

The Burj Tower, with 188 storeys, is set to be the highest building of the world housing the 7-star Al-Burj Hotel. The Burj Tower is the jewel in the crown as far as high-rise and skyscrapers are concerned. Dubai is planning to host more than 200 buildings to increase its population from present 1.3 million to 4 million by 2015.

The country as a whole has some enchanting sites to visit. From the sand dunes of great deserts to pristine beaches to rugged mountains to lush-green well-maintained parks to ancient villages to places of worship to swanky shopping malls, you name it and you have it in and around Dubai.

The country offers an open port with low import duties. That’s why duty-free shopping in Dubai is on a high-priority list for the locals as well as visitors in the country. It is impossible to find a woman who has not heard about the annual Dubai Jewellery Shopping Festival.

Many European families prefer Dubai as a second-home destination because they can easily find maids and helpers at a fraction of what it costs in Europe and America. Such facilities are common in Dubai due to a large migrant population from Asian countries, like India, Pakistan, and Bangladesh, who are looking for menial jobs with decent pay.

Even though the UAE is a Muslim country, Dubai is an epitome of multi-culturalism in the Sheikhdom. For long, it was dependent on the Petrodollars for perking up its economy. However, the recent interest in developing tourism and tourist-related activities in and around Dubai means the investors are flocking in their droves.

International Golf and Tennis tournaments have lifted the global profile of Dubai and it’s been increasingly seen as a hub of international activities, particularly in the Middle East. You can also indulge in plenty of aquatic adventures, such as scuba diving and snorkelling, on a vast Mediterranean coastline. And while, in Dubai, don’t miss out on exploring the Manhattan of the Middle East, the Abu Dhabi City!

Dubai Calling !

Seeing the growth potential of Dubai, the government has emersed itself in overdrive in attempt to attract high-end as well as low-end global real estate investors. For the high-end investors, there is Palm Island property which currently attracts international celebrities, like David Beckham, don’t be surprised if your sharing your neighbourhood with a top Hollywood or sporting celebrity!

Even if you are planning to buy property for rental purposes, there’s no place better than Dubai. The city is fast turning into a services hub, which generates immense demand for Studio Apartments as well as separate dwelling units for small and medium families.

Some of the other attractive features that’ll surely lure you to invest in Dubai property include -

No Capital Gains Tax

Immense capital appreciation (15% - 25% annually)

Simplified buying process

Freehold for foreign investors

World class entertainment and other facilities

Year-round sunshine

The price of Studio Apartments in Lakeside Development - IMPZ start from £49K, and other properties starting from as low as £23,000. Cheap apartments in Dubai are fast becoming a favourite of the astute property investor.

The Disneyland attraction in Dubai also contributes to a huge demand for Dubai property from just about every kind of investor.

The best part of investing in Dubai as an overseas investor is your status as a property owner. You will be a freehold owner of the Dubai property you purchase. To meaningfully make investment attractive in Dubai, the government has also relaxed several formalities and done away with rigorous procedures. It’s now much easier to invest in a high-end Dubai property with minimum help from a legally qualified professional. However, the language issue may compel you to hire a professional who can guide you accurately in realizing your Dubai real estate dreams.

Options Galore in Dubai Property

Dubai property scene is constantly under a state of flux. More and more people in Dubai property market are opting for their own roof over their heads, instead of renting property in Dubai. Overseas visitors are getting to experience the cosmopolitan culture here and are investing in Dubai property.

Why is Dubai property selling like hot cakes? Quality lifestyle is one reason. And secondly, there is an abundance of options in Dubai property! It offers anything from studio apartments and individual villas to town houses and condominiums.

A condominium or condo for short is a property type with individually owned units in a multi-unit development. In addition to these privately owned apartments, the common areas such as foyers, recreational areas and lawns are jointly owned by all the residents of the development. Dubai property market is flooded with condo options, more often condo hotels. Individual owners can put their unit to personal use or pool it with the hotel’s management team for rental. Condo hotels are one of the prominent Dubai property options available at present. They have close access to recreational facilities, theme parks, casinos, etc. These hotels have the potential to generate high rental yields for the owner in the Dubai property market. Rentals of up to 8 percent per year are guaranteed.

An independent apartment in Dubai property market can range between 500,000 to 12,000,000 AED*. A studio apartment is a bachelor apartment with one large hall which is used as a living room, dining room and bedroom all rolled in one. Even the kitchen is usually a part of this room and the apartment is complete with a smaller room as a bathroom. The minimum price of a studio apartment in Dubai property market is 275,000 AED. It can go up to 500,000 AED. At the same time, a studio apartment in Dubai can be rented for about 400 AED a day.

A villa is an upper class house which has its own compound. It is usually located in a countryside or sub-urban locality. The price of a villa starts at about 1,500,000 AED and can soar up to 20,000,000 AED in Dubai property market, depending upon the location and property area. Palm Islands, Dubai Land, Meadows and Arabian Ranches are some of the premium villa locations in the Dubai property matrix.

A townhouse is an independent house usually in the urban area. There can be a group of town houses in a community. Each town house is individually owned by the buyer who also owns the land on which the house has been built. Buying a town house property in Dubai provides the luxury of having access to swimming pools, golf courses, private beaches and lush gardens. Dubai property industry offers these at a starting price of around 900,000 AED.

Overseas investors, both individual and commercial, look upon Dubai property as a site to extend their investment portfolios with more promising returns than their respective home countries.

*AED: Emirati Dirham; 1 US Dollar = 3.67370 AED; 1 AED = Rs.11.10112

Property Buying Process in Dubai

Due to the wise planning by the Dubai leadership, the property buying process in Dubai has been incredibly lucrative. With development areas for the highest residential tower and largest mall in the world, Dubai is experiencing a booming real estate market. Owing to strong fundamental demographics, Dubai is enjoying a vibrant real estate market boom. In Dubai, real estate prices have risen due to high demand and supply shortages.

The Dubai government has managed this economic boom with a push-pull management. The Crown Prince relaxed foreign ownership regulations in the year 2002, thereby allowing for 100% foreign control of “freehold” property which could be sold, rented or leased. As a result of this move international investment has flowed into Dubai. Other offers like no capital gains tax in the UAE and no stamp duty on UAE real estate has all induced more real estate property investment in Dubai.

The Dubai Strategic Plan for 2015 is an ambitious plan that targets high GDP growth rates with an increasingly skilled workforce, through extensive investment in financial, construction and tourist sectors. While other regions in the world are experiencing credit crunches due to mismanagement, Dubai has a credit surplus and is an emerging international financial centre.

The UAE property market has options available for commercial properties, short-term rental properties and office spaces. It also has residential properties that include apartments, luxury villas and mixed-use gated communities. These are also waterfront properties, beach resorts and penthouses. The opportunity is awesome as many real estate developments have extensive waiting list and the Dubai rental property offers high yields of around 12 - 15% per annum.