Property in Dubai - Luxury and Lifestyle Redefined

Buying property in Dubai has never been so appealing. Some of the landmark real estate projects of the world are being created in Dubai and luxury and lifestyle living is being totally redefined. Property in Dubai is seeing an astounding growth and the world’s rich and famous are flocking to the desert city. The market for property in Dubai is a haven for investors because of the principles of free trade, tax freedom and a liberal economic system. All these factors are fuelling the expansion of property in Dubai not just in the city but in the surrounding areas as well.

It is a fact that 65% of the GDP of the UAE is contributed by real estate and construction services and property in Dubai is a major contributor in it. Luxury and lifestyle living is one of the hottest investment pullers for property in Dubai. Design and architecture as we know it has been improvised upon and reinvented to give a personalized feel to every project. There are a large number of developers who are cashing in on the lifestyle quotient and property in Dubai is setting trends for the world to follow. The World Islands and the Burj Tower are some of the ultimate engineering marvels and property in Dubai is truly represented by them. Property in Dubai has to offer much more than one can imagine as most of the projects are comprehensive and self sustaining in themselves. Retailing, office space, residential complexes, villas, resorts - you name it and property in Dubai has it all. You can even own a piece of the World in an exclusive property on the World islands though such a property in Dubai will come at a hefty price.

Even for the average investor property in Dubai has something to offer though this market is rapidly getting reserved and prices are soaring. The land of jaw dropping schemes and incredible festivals has something very similar to offer for property in Dubai as well. Easy installment plans, loans and other options facilitate the buying process and if you are ready to take the plunge then you could also have your very own property in Dubai. Property in Dubai is thus available to every one and the city is truly heading towards being a global city in every sense. It is being observed by market experts that the demand for commercial developments is considerably lower than residential property in Dubai. Thus we see a trend of more and more housing projects coming up and retail space as well supporting this property in Dubai. Office space is also growing but it is not as much in demand as lifestyle and luxury property in Dubai. People are even getting customized property in Dubai to suit their living styles and habits. All this does come at a price though, but when you are earning millions you can always set the trend. Property in Dubai has the world watching and people are excited about being a part of this great cultural hub as a lot more is expected in the near future.

Real Estate Dubai

Real estate Dubai has become the hub for property investors and more and more people are getting interested in investing their hard earned money in real estate Dubai. This city is located centrally in the Middle East thus; it forms a very convenient location for business purposes. This is one of the factor that has made real estate Dubai most popular. Here the dream living have now taken the shape of reality as the real estate Dubai is constantly booming. Moreover, if we look at the real estate Dubai dealings in terms of buying or selling off property then it is quiet simple than in other countries. This reason also contributes in taking the real estate Dubai to new heights. Furthermore, the real estate Dubai offers properties at a reasonable pricing when compared to any other part of the world. Moreover, the real estate Dubai offers both residential as well as the commercial properties at a rational price. If we search real estate Dubai in detail then we will come to know that this place has always been in the limelight due to its magnificent architecture. Thus, to invest your money in real estate Dubai is a great idea.

Properties available in real estate Dubai involves no legal hassles as there is no stamp duty over such property related matters. As per the government rules you can own a tax free property in real estate Dubai. Moreover, this great city has a lot more to offer in terms of property. You will find variety of options in real estate Dubai ranging from luxury apartments or villas, hotels, condos to small and rented apartments. In this case all you have to look for is your own budget and requirement. This unique melting pot of people and cultures has a lot to offer to both residents and visitors. In past few years real estate Dubai has made a mark by some breathtaking property developments. The most famous properties are also part of real estate Dubai including properties in Palm Island, Business Bay, Dubai Marina, Dubai Land and other places. These are the residential properties, but if we talk about the commercial property then also real estate Dubai is no behind. Real estate Dubai offers some lucrative employment opportunities. Moreover, many multinational companies have set up their units in this great city. Thus, this city has even evolved as a business hub. This in turn has helped people in exploring more of commercial properties in real estate Dubai. Most of the investors in real estate Dubai work on a common platform they buy the property at present and later when the value of real estate Dubai soars high they sell off their property. This helps them to get higher returns. Moreover, the best part about properties in real estate Dubai is that they are not only profitable in terms of money gains but they also offer you the perfect locations to live a life which is stress free. Real estate Dubai is taking a step ahead in future and at the moment real estate Dubai is perhaps the safest gamble that anybody can play as far as property investments are concerned. Real estate Dubai is now transformed into a million dollar industry from where you get assured returns.

Property in Dubai - Great Investment Plans

Dubai city is one of the seven emirates that form the United Arab Emirates and it has been constantly upgrading its real estate market, especially in property in Dubai. Property in Dubai is persistently attracting buyers from around the globe. The city of Dubai has always been in the limelight due to its strategic architecture. Property in Dubai is well known for well designed buildings and towers, be it they are residential or commercial. Property in Dubai has become very popular from the investment point of view as the property in Dubai give greater returns on investment. Moreover, the best property in Dubai is available at a very rational price, premium and super premium levels. The only thing that is required from the buyers or the investors end is to decide his budget and requirements. This has to be done because property in Dubai is available in many forms. Property in Dubai can be divided into villas, office spaces and luxurious apartments along with plenty of other options depending on your budget. As far as the investment in property in Dubai is concerned investors generally, select some prime locations. Some of such locations wherein you can purchase great property in Dubai is: Palm Island, Dubai Marina, Business Bay, Jumeriah Lake Towers and many more. These are some of the hot places where you can invest your hard earned money to get higher returns. If we compare commercial property in Dubai with the residential one then we will see that commercial property in Dubai will become scarce within few years as its demand is less than the residential property in Dubai.

Dubai city is attracting investors for property in Dubai from all over the world because some of the prime reasons associated with it. The first and the foremost is capital appreciation. The studies have shown that in recent years the property in Dubai have risen by more than 25%. Moreover, it will get increased in the coming years. The next prime benefit is that the property in Dubai is tax free. The person who is involved in any of the property related issues need not pay any tax. This exerts a pull on investors for investing in property in Dubai. Another reason for popularization of property in Dubai is the ratio of demand and supply. The demand of property in Dubai is more that its supply due to the fact that the property prices here in this city are very cheap as compared to other cities. Moreover, the tourism is also getting augmented in this city and thus the requirement for property in Dubai such as hotels and rented apartments is great. As far as the commercial property in Dubai is concerned this city is also known as the business hub of the Middle East. It has a 23 hours stock exchange market as well thus; require more and more commercial property in Dubai. Moreover, many multinational companies have set up their offices in this city. This can be one of the reasons for great demand of property in Dubai.

People who know their requirements well can easily get a rented apartment or a property in Dubai. However, before getting involved in any such property transactions you should leave no stone unturned to explore the market of property in Dubai. So, all those people who are looking for investing in one or the other kind of property in Dubai have a unique opportunity.

Dubai Real Estate – An Overview

This great city of the UAE is now developing into a nation that is the personification of globalization. The city is exploring each and every bit of Dubai real estate and the property investments are created at par with other countries. Dubai real estate is well flourishing and has become one of the favorite cities for property investors. This place has always distinguished its identity from other places by developing great architectural buildings. The breathtaking structures established here have greatly increased the presence of Dubai real estate. The property investment in Dubai real estate is so intense that this place has turned into a property hub. However, this sudden surge in Dubai real estate is no magic as the most vital factor behind this are the property laws in Dubai. This factor has played a prominent part and thus helps in developing a solid economic base as far as the Dubai real estate is concerned. Today, Dubai real estate is considered as the most stable industry in terms of property investments as it also gives you assured returns. The government of Dubai is constantly taking part in promoting Dubai real estate by organizing seminars and events just to inform people about the rigorous and constant growth of Dubai real estate. We can even identify this from the point that some of the most important property projects are a part of Dubai real estate only. Thus, this city has gained international reputation in terms of Dubai real estate.

We can visualize the importance and steady growth of Dubai real estate by just looking at some past records. It is globally recognized that this city has been known for its fastest growing economy from past few years and the entire credit for this goes to Dubai real estate. There are certain already developed properties of Dubai real estate that have gained more than 300% appreciation in a short span of time.

Moreover, there are various factors associated behind this sudden gush of Dubai real estate. The first and the foremost factor behind this are laws of freehold ownership. In most of the countries except Dubai, foreigners are not allowed ownership of a freehold property. Here the laws regarding Dubai real estate are not so stringent as compared to the other countries. In addition to this the best deal in terms of Dubai real estate is that this city incorporates very low transaction cost as far as property matters are concerned. The transactions cost of Dubai real estate combines with the factors such as registration fees and stamp duty. This has attracted property investors to a great extent. Furthermore Dubai real estate has all varieties of properties including some signature developments such as the Palm Jumeirah, Emirates Living, Burj Dubai etc. However, apart from this you can look for luxurious apartments or villas or even if you are in search of some rented property you will also get here in Dubai real estate. Dubai real estate is also well known for cheap property rates. Moreover, due to the increased population the demand for both rented and owned property in Dubai real estate have increased.

Another factor of the sudden increase in Dubai real estate value is many top multinational brands have set up their offices in this city just because of the property investment boom in Dubai real estate. Moreover, this city offers convenient location for business and corporate meetings and deals among neighboring countries. For that Dubai real estate is the best place to invest your money as it will also provide you the worth for it.

Dubai Property - Hottest Destination

If we talk about property boom then the most recent will be seen in Dubai property as Dubai property currently occupies the slot of the most valued properties in the world. Dubai property prices are continuously rising up, thus nearly all the residential and commercial districts of Dubai are proving supportive to the buyers in terms of Dubai property. No matter whether that Dubai property has to be purchased or you are taking it just from the investment point of view, it will surely give you great profitable returns. If trying to invest in Dubai property then you are thinking on the right grounds as far as its future is concerned. Moreover, apart from this, Dubai proves to be a great city in terms of affordable luxury living and a tax free environment which includes tax free shopping as well. This is the major attraction for Dubai property investors from all over the world to invest in Dubai property and above that it constantly point towards a good capital growth for the country thus making Dubai property an eye-catching scheme.

Dubai is one of the hottest and happening cities of the UAE and has now turned up a hot property hub as well from investor’s point of view. Dubai property has always been known for its extravagant architecture. For that matter Dubai property is well known around each and every corner in the world. So, if you are looking for any kind of property investments here then this is the right time. Dubai property offers all kinds of property related to residential or commercial requirements. Here you can find residential property with some of the finest concepts and luxurious facilities. You can ask for luxurious villas as they are also available for short term rental schemes. Thus, we see that Dubai property offers a lot of options both for the investment and for buying purposes. From past few years Dubai property has shown a swift development and with tax free lifestyle and other facilities people are constantly trying to make Dubai as their second home by investing their hard earned money in Dubai property.

Dubai property also attracts investors because of the property laws which avail here thereby, making it easy for you to invest. The government of Dubai has made a federal property law which states that Dubai property has been made freehold for the foreigners at least for those projects which are under government developers. Commonly there will be three types of ownership proposals on Dubai property. These are the freehold, usufruct, and common hold. It states that the owner will have complete and secured possession rights in the case of a freehold property. Moreover, there is a major clause in Dubai property related matters, which is that people those who have already purchased some or the other Dubai property will have to legalize their purchase. This can only be done by making a registration for that Dubai property.

This city offers you some of the pioneer locations, thereby, allowing you to purchase Dubai property at a fair deal. Some of the excellent Dubai property projects that are worth investing in are Business Park, Burj Dubai, Abu Dhabi, Dubai Marina, Dubai sports city and lot more. These are some of the hotspots Dubai property destinations. However, all these locations may vary in terms of their payment plans. Dubai property investors often look for various factors before purchasing any kind of property but as far as Dubai property is concerned this is the safest gamble that anyone can play in the current scenario.

Demand and Supply Issue in Dubai Property

Dubai Property, the shining star of Dubai’s golden fortunes, has still no signs of slowing down, contrary to property analyst’s predictions. The breakneck speed with which Dubai property arrived in the international property market scene is well known by now. The allure of success of Dubai property is impossible to deny. The Dubai property setting speaks of boundless infrastructural accomplishments which have provided Dubai with a distinctive landscape. The tax-free lifestyle, exotic beaches, high end luxury living, booming economy of the brandishing city of Dubai has captivated investors towards Dubai property time and again. Keeping in mind such facts about Dubai property, it is also essential to note the high tempo with which demand is rising. The acid test for Dubai property is to sustain supply in the face of such extreme demand. The demand and supply ratio is a matter of great concern for Dubai property builders and agents.

One of the forecasts made by property experts regarding Dubai property is that the shortage of supply to the demand will be detrimental to the bustling Dubai property. This has sparked off a debate with another section of property experts reigning in the view that the supply of Dubai property will exceed the demand in the coming months. Investment bank EFG Hermes did a commendable job by conducting a research which highlighted the true position of upcoming supply of the Dubai property market. In its report it has listed all the projects of Dubai property to be completed in 2007 and 2008, but most have them have been subject to delays. It also made the observartion that Dubai property ensured a demand for 40,000 to 50,000 residential units per annum. This report has not taken into consideration the fact that out of this demand, only 30 % is in the luxury sector and Dubai property comprises mostly of such luxury projects. This may suggest that Dubai property is on an overbuilding spree. Pent-up demand and selling units as second homes may be the saving grace for a time for the demand and supply issue of Dubai property.

If we assume that Dubai population will continue to grow at the same rate in 2008 as in 2007, then the total demand for property would come to 35,000 units. This number is definitely not very far from the 50,000 units that property analysts have predicted will be delivered by this year. Now, if we take into consideration come delays then we may optimistically hope for the total demand and supply of Dubai property to be in equilibrium. So a situation where supply exceeds demand may not be seen on the horizons of Dubai property. The demand and supply chart has also made the Dubai property market more stable in the sense that Dubai property tariffs have been escalating at lower rates as compared to a few years back.

The real estate builders have become smarter now and are not as candid in selling property as before. We now see a more mature Dubai property market. One of the instances is that builders actually wait for the completion of a city to discern the exact worth of the property and also the maximum turnover it will provide. Thus the demand for Dubai property is still hot, so much so that it is letting out steam.

Dubai Property Forays into Waterfront Options

The Dubai property market, though in its relatively nascent stage, has evolved to become one of the premieres in the world’s leading freehold property markets. This phenomenal rise has seen Dubai property to venture into many innovative projects. The Dubai property market boasts of a wide range of property types and among these waterfront properties happen to be its shining glory.

Dubai is home to an extensive coastline which makes those looking for sea or lake viewing property spoilt for choice. Waterfront living is a truly sensational experience and Dubai property with its astonishing engineering feats offers just such an experience.

Some key points relevant for Waterfront properties

1. The apartment or villa should actually overlook the water.

2. It should be supplemented with wall-sized windows to maximize the viewing experience.

3. The surrounding areas and the build quality.

High Value worth

One of the advantages of owning a property in Dubai overlooking a water body in a substantial location is that they command a good price and is worth the value. Quality and unique architecture is a feature commonly found in these waterfront Dubai properties. From apartments to luxury villas, the Dubai property market claims to offer the best in the field. And it is truly so.

As far as investment is considered, waterfront property in Dubai is a good bet. It not only offers a great view coupled with an amazing living experience, owning a waterfront Dubai property also boosts the prestige of the owner. For example owning an apartment with a vista of the Arabian Sea is an unbeatable deal in spite of it its high price.And those who are willing to rent out such properties, they command a better rent than renting same-sized apartments in a landlocked location. Dubai property with waterside views is easily rented out.

The Dubai property holders, who offer the waterfront viewing experience, cater to the different needs of all types of clientele. It happens to be the perfect home for those who want to get away from the chaos of the city. Dubai property builders leave no stone unturned to supplement these properties with the all the requisite amenities.

Location Advantages

Those who want to acquire such a Dubai property, should first look at the different options available, their location and the finance limit. The suceess of Dubai property lies in its ability to offer multiple options. So if you don’t get a sea-vewing waterfront property in Dubai then there are avenues like lake viewing or those offering views of the Dubai Creek. The options in the waterfront Dubai property are in an expansion spree with three palm islands, new lakes being dug, natural bodies like lagoons and the marina being brought into the foray.

Dubai property holders are increasingly engaging in more and more waterfront developments and they make sure that they are all unique which will attract more inevestors. The Dubai property market has accelerated at an incredible pace through the years and this offers a sense of security as well to investors. So buyers looking for waterfront Dubai property have all the options available and can look forward to own a sure shot value for money investment.

Dubai Property Boom Promoting Growth of Smart Homes

With the advent of Dubai property in the region and around the world, there is a growth of associated businesses as well. Over recent times, one sector that has seen tremendous profit from the expanding Dubai property market is the development of high-end electronic gadgets, top rate entertainment systems and smart homes in particular. The prices of homes have risen with the rise of Dubai property and consequently, the concept of a home has gone a sea change. At present, the emphasis in Dubai property market is on smart features of homes.

Over the years, people’s expectations with respect to buying Dubai property have transformed to a great extent. The general notion these days while purchasing Dubai property is this - when one is spending a substantial chunk of money, the latest comforts and gadgets have to be there. Some of the most popular smart home features in Dubai property are systems that allow one to control the ambience of the home at the touch of a button. Home cinema and entertainment systems are next best pick in Dubai property. The business has grown and expanded to such an extent that in addition to walk-in customers, companies now cater to Dubai property buyers in conjunction with Dubai property developers.

With the crème of society from across the globe thronging Dubai for property, the best possible smart home solutions are being offered by companies in Dubai. So much so that it is quite common for people to spend thousands of dollars on smart home features and facilities in Dubai property. The smart home industry caters to customers of Dubai property in two ways – one, new homes that have already been built; and two, homes that are being built. Also linked with the smart home industry are companies working towards developing systems that reduce energy consumption. Dubai property sector is offering homes that digitally tackle the energy issue through home automation systems. Thus smart home companies and developers of Dubai property work in close conjunction with each other.

Technology is backing Dubai property to such an extent that you wouldn’t have to move from room to room in your home for opening/ closing curtains, change lighting, modify room temperature, or access audio/ video systems from various rooms. All this can be done with the help of touch screen pads. Smart homes being offered by Dubai property market not only provide comfort and save time, but also keep a check on how much energy is consumed. By changing the levels of air-conditioning and lighting at different times of the day, one can effectively reduce energy consumption and thus be environment friendly. The Dubai property development trend is quite relevant and apt in the contemporary preoccupation of governments and people with global warming.

When it comes to demand, Dubai property developments with smart features are on the rise. And it is expected to rise not just in Dubai property sector, but also across GCC countries.

Dubai Property Prices – Hike This Summer?

Dubai property experiences a low time usually in summer months, typically between June and September. This is due to the fact that the weather is quite hot, making migrants arrive in Dubai during autumn and months that follow. 2008, however, seems to be a different story for Dubai property sector. Dubai property market is much hotter than the sun these days. This has largely become possible because of off-plan Dubai property buyers vying with each other to make investments in Dubai property.

Factors responsible for hike in Dubai property prices:
• High local inflation rates
• Low US interest rates
As a consequence, Dubai property market is being fueled with negative real interest rates. In the present scenario, an investor deferring Dubai property purchase till autumn is quite likely to face at least 10 percent more prices than those during summer months.

The Dubai property market has gained momentum in the year 2008 with the rate of rise in prices speeding up to a level not seen for the last four years and the early days of the Dubai property boom. With Dubai property prices having risen by 10 to 15 percent in April-May this year, they are least likely to slow down over summer months.

On the other hand, it is very much probable that Dubai property prices continue to increase even when there is a deceleration in transactions. In fact, Dubai property sellers are keeping their units on hold expecting a rise in prices. Consequently, there has been a shortage in Dubai property market which in turn has resulted in still higher prices.

It is a bit uncertain at the moment whether owners of Dubai property coming back from their summer holidays will suddenly start selling their properties. Nevertheless, there will be owners who want to cash-out their properties because they are returning home or starting a new venture. At the same time, there would obviously be those who have long-term commitment to Dubai property market for whom sitting on an asset that is rising in value is a perfectly reasonable thing to do.

There is still another argument going on amongst Dubai property analysts. As capital values go up, rental yields are going down. This is because rental hikes may not keep pace with the capital appreciation. At the same time, as per Dubai property market reports, there is 20 percent annual rental inflation. The yields have to be put in comparison with interest rates, which at 2 percent on deposit accounts are not a very good alternative, especially in the context of high inflation rates.

On any given day, buying Dubai property is a better alternative than renting. This saves rent, protects capital against inflation, and makes one take part in the much talked about (and maybe now clichéd!) Dubai property boom. The shortage of completed Dubai property units available for sale is indeed a crucial factor that will buoy up house prices this summer and autumn.

With the required economic forces acting in place, Dubai property boom is here to stay!

Dubai Property Market Boom – Reasons for Continuation

Dubai property market is expected to experience the ongoing boom for longer than most experts believe. There are reasons for Dubai property sector to be on the road to rise since the last few years. Following is an overview of factors impinging on the success of Dubai property sector.

a) Dubai property mortgage rates are about 8.5 percent and still need to get adjusted vis-à-vis US rate cuts. This is inevitable in the wake of the dollar peg to AED. Just a few years back, the interest rates in Dubai property market were as low as 7 percent. Thus the downward pressure on house prices in Dubai property sector. The current rates could go much lower if the mortgage market becomes more competitive. This in turn will make buying Dubai property cheaper than renting the same. Real interest rates are, in fact, already going in the negative direction due to high local inflation.

b) Dubai property rental yields are 7-10 percent which are abnormally high by international norms. It is quite unlikely that rents will fall in Dubai property market. This is due to the obvious fact that the market is booming over the recent years. However, it is more likely that mounting capital values will force Dubai property rental yields to come down to the international standards. In any case, there is no reason for the rental yields to be higher in a booming market like that of Dubai property sector, as compared to a place where the economic matrix is weaker.

c) The demand-supply ration in Dubai property sector is still not balanced. As compared to growing demand, the supply is far less to be able to meet the same.

d) As compared to other cities worldwide with similar salary levels, Dubai property prices, especially house prices, are quite low. This inconsistency will be eliminated once prices rise still more.

e) Dubai freehold started six years back and had no formal legislation in place. It has developed to the level where Dubai property sector now has a government backed regulatory authority along with world-class rules and regulations in place.

f) In 2006, Dubai Financial Market crashed and consequently forced investors towards Dubai property as a lucrative alternative. The financial market recovered by the end of 2007 and is now again on the downward slope. Yet again a more stable market (read Dubai property) will start attracting investments.

g) 2008 has been a year with no stable investment alternatives available worldwide. This in turn has worked well for Dubai property sector since it is seen as an attractive investment option.

h) At the moment, Dubai property sector still has certain undeveloped areas such as holiday lets and fractional ownership, which are big markets in beach resorts around the world. Thus sources of higher rental yield are yet to be fully exploited in Dubai property sector.

i) The most proactive property developer in Dubai has been the government of Dubai. The robust legislation and regulation for the Dubai property sector has ensured that the market will withstand any adverse developments.