Dubai property market is booming up and the emirate is advancing up new property laws. The Vice President and the Prime Minister of the UAE and rule of Dubai, His highness Sheikh Mohammad Bin Rashid Al Maktoum introduced new account laws in Dubai. These property laws laid a major impact on Dubai as a whole. With the emergence of these new laws the investors has gained confidence and now they have found new ways to invest in property related matters. Dubai has become a hub for real estate investors at the global level and people from all nationalities are ready to invest in Dubai property market.
The residential properties as well as high rise villas are the basis of all investments. There are property units attracting huge discounts. Since the year 2002, several projects have already been completed and sold to many foreign investors. These properties include Emirates Hills, Dubai Marina, Dubai Waterfront and Jumeirah Islands etc. DIFC was established in accordance with Dubai and UAE federal law and is a federal financial free zone. A new registration system has been created to which the DIFC guarantees leasehold and freehold titles. Thus, these property laws had made a huge impact on the emirate and of course on its real estate industry.
