Sunday, November 18, 2007

Dubai Real Estate is Investor-Friendly

With active governmental support, Dubai real estate industry is one of the safest real estate markets in the world. The Real Estate Regulatory Authority and the Escrow Law 8 by Dubai Land Department are phenomenal in making real estate in Dubai a transparent investment opportunity for developers, buyers, and end-users alike.

Last month Dubai witnessed an extensive exhibition of Dubai real estate at the world famous Cityscape Dubai – a business-to-business event that draws millions worth of investment in the region from across the globe. This alone underlines the extent of development in the real estate sector of the region. Around 45000 real estate industry players hailing from over 120 countries participated in the exhibition.

Some of the most prominent names in the world of real estate are from Dubai at present. Moreover, Dubai’s real estate construction and management skills are sought after the world over. The world’s largest real estate exhibition Cityscape Dubai is held in the emirate.

The scale of Cityscape Dubai has multiplied both quantitatively and qualitatively with every passing year. The sheer number of participants has leapt up 28 percent as compared to last year’s figures; double as compared to those of Cityscape Dubai 2005.

Cityscape Dubai has recently come up with an information service that incorporates news feeds from over 2500 international sources. A number of regional and foreign real estate experts provide analytical reports therein. This will help generate more investor confidence with its reliable information base.

Over the last few years, Dubai real estate has been able to inspire investor confidence and loyalty due to the implementation of rules and regulations aimed at ensuring interests of everyone concerned. From a legislative perspective, there is scope for more regulations that draw more confidence from international investors.

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