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 Real Estate - Scaling New Heights

The construction boom in the UAE has been largely propelled by the Dubai real estate scenario. During the latter half of this year the Dubai real estate market will be hosting the biggest ever Cityscape exhibition from the 6th to 9th October which will see around 60000 industry professionals and 1000 exhibitors participating. No wonder the current market of the Dubai real estate is worth nearly twice over the neighbouring locations. There are around $42.5 billion worth of ventures under construction catering to nearly 15 million customers.

Not only does the Dubai real estate cater to the residential requirements but some of the major multinationals have made Dubai their official headquarters. Thanks to the exponential growth of the Dubai real estate market. The state has even established a new realty court to make the Dubai real estate more transparent and reduce disputes. Developers are welcoming this and believe that this will increase the trust and respect of the buyers.

The Dubai real estate vistas are seeing some unprecedented scale of developments with various grand and glamorous projects in queue. These inventive and ambitious ventures of the Dubai real estate also include the much talked about man made islands of the Palm and the World. Beach front living, comprehensive residential facilities and gigantic superstructures are attracting everybody’s eyes to the Dubai real estate market. More than 100000 people are immigrating to Dubai every year and the market prices are surging sky high. But it is not for nothing. Dubai is the ‘City of the Future’. Though the demand in the Dubai real estate market was frantic around two years back it has stabilised considerably now and the brokers and builders are not demanding enormous prices. The major players in the Dubai real estate setting like Nakheel, Emaar and Aldar have a lot at stake and believe the future will be very bright for them. The construction of landmarks like the Burj Dubai has greatly increased the visibility of the Dubai real estate globally.

Dubai’s crown prince Sheikh Mohammed Al Marktoum knows that the UAE cannot sustain itself solely on the basis of the oil market and hence he is trying his best to facilitate the Dubai real estate to become a major tourist attraction as well as a commercial capital. The more exclusive ventures of the Dubai real estate are targeting the world’s elite and the likes of Michael Jackson and Rod Stewart already have their share of ‘The World’. A private waterfront villa can cost upwards 1.5 million euro yet much of these Dubai real estate properties have already been booked.

Though the Dubai real estate is growing at a phenomenal rate it is to be seen whether the infrastructure can match up to it. The traffic system is a major bottleneck but experts of the Dubai real estate believe that this will become streamlined soon. Another major problem for the Dubai real estate developers could be the sourcing and distribution of water which is a rare commodity in the desert. Investors are still cautious while putting their money in the Dubai real estate but this speculation will be done away with if the market can maintain its steady growth. Recent revision of the property laws has made the Dubai real estate more investor friendly. It is steps like these that can thrust the Dubai real estate to newer heights.

Dubai Real Estate: What Does It Spell For The Future?

Dubai real estate has been expanding at a meteoric rate. This tremendous pace of growth of Dubai real estate is a direct result of the massive economic growth the tiny emirates is undergoing. 33% of the realty projects of GCC, Iraq and Iran belong to Dubai real estate. In fact, it is this unprecedented growth that has seen larger international investors vying for Dubai real estate. The Dubai real estate boom has made the world sit up and suddenly everyone seems to want to own a piece of Dubai.

One of the major reasons for the growth of Dubai real estate can be attributed to buying by foreign nationals, especially those belonging to Saudi Arabia and Kuwait. The hike in oil price leading to rise of prices in the Dubai realty has not taken its toll and the realty market is on the roll. The Dubai real estate group has worked and is still working on projects that seek to attract the global elite as well as the common people. With all figures in place, the Dubai real estate promises lucrative returns making it a haven for investors. It is also noteworthy that in spite of the population explosion, supply of real estate in Dubai is far from waning, even with all the constructions going on. But some day it will come to an end as it is just the initial phase of the boom. Market analysts are speculating that since the fate of Dubai real estate is intertwined with its fast growing GDP, any kind of slowdown in the GDP is enough to derail this boom.

But speculators are hopeful because this positive economic growth cannot actually slow down unless there is a sudden fall in oil prices or a worldwide recession. The Dubai real estate market has been flourishing because of timely availability of property. It has enabled it to sustain a strong foundation.

In the event of all the speculations offered by skeptics and optimists alike, what we can expect is a midpoint. Though there is the possibility of the Dubai Real estate market to cool down at one point, it can safely be held that even then buying real estate in Dubai will remain a remunerative deal. In order to create stable market conditions it is also essential to attract second homeowners and expatriates seeking to relocate. The safety of realty investments in Dubai is largely due to the liberal and cosmopolitan nature of Dubai.

Growth in Dubai has consistently gone against all negative predictions. In the last five years, the most common prediction made by experts has been that growth in Dubai real estate will be heading south soon enough. With its thriving economy, it can be safely concluded that realty market in Dubai will have a safe innings in the future.

Average Index in Dubai Real Estate

Real estate rates in Dubai have been on the rise lately. From real estate buyer’s point of view, it is crucial to have an idea of prices in different real estate developments. Property index is a yardstick that presents an outline of real estate rates for apartments, villas and commercial developments in Dubai.

For anyone buying real estate in Dubai or for that matter anywhere in the world, the respective location is the biggest factor influencing decisions. In Dubai, there are a lot of preferable real estate developments – for residential as well as commercial purposes.

Dubai real estate does have something to suit every pocket; still the general index shows a rise in real estate prices. However, at the same time, in spite of the soaring rates, it is still possible to get an apartment in Dubai for less than 500,000 AED. Though such places are away from the city, they will no longer be so as the city is fast expanding. The emergence of areas like the Marina and the Gardens in Dubai real estate market is an ample evidence of the same.

Real Estate Averages – Apartments, Villas and Offices

When it comes to apartments in Dubai real estate market, the five most expensive and least expensive areas are given below.
Most expensive areas for apartments:
• The Old Town Island
• Trade Centre 2
• Jumeirah Park
• Burj Dubai Downtown
• DIFC
Least expensive areas for apartments:
• International City
• Al Hamra Village
• Academic City
• Emirates Gardens
• Emirates City

Villas in Dubai start from something around 2 to 3 million AED but these are smaller in size as compared to what one gets for a higher price. Among real estate developments in the 5 to 10 million AED bracket, there is more choice when it comes to villas. By average price, the five most expensive areas for villas in Dubai are Emirates Hills, Al Barari, Jumeirah Palm, Barshaa 2 and Sufouh 1. On the contrary, the five cheapest areas are Al Reef, Jumeirah Village South, Al Hamra Village, Hydra Village and Al Salam City.

In addition to being a great holiday home, Dubai is also an upcoming business hub in the world. Consequently, Dubai real estate sector is consistently coming up with state of the art residential and commercial projects. The most expensive real estate areas for offices in Dubai are DIFC, Meydan, Old Dubai, Burj Dubai Downtown and Dubai Marina. There is no surprise that DIFC and Burj Dubai are the most costly locations in Dubai for commercial spaces. An office in DIFC can be bought for up to 35 million AED.

Dubai Real Estate vs. UK real estate

Dubai has always been a city with good business practices as well as plenty of foreign investment, particularly in real estate. The city of Dubai almost swears by free trade. Given these facts, wealth and affluence are obviously much more when compared with the UK. With the UK economy getting devalued over the years, this is indeed going to be one of the most exciting years for the UAE real estate, with Dubai occupying the centre stage.

An important offshoot of the real estate business in Dubai to be looked at in detail is the mortgage market. In recent times, an ever increasing pressure has mounted on the UAE mortgage providers at large. Statistics report that the houses in Dubai or rather the entire UAE are more in square meters than the ones in UK. In the coming years, the Dubai real estate might be a lot more expensive than the UK equivalent. Apparently, the Britons are the largest buyers of the real estate in Dubai. Although back in the year 2005, there was a slowdown in the Dubai real estate business, things got back to track this year.

Keeping this scenario in perspective, the Dubai homeowners or rather people who go in for a mortgage in the city will see great benefits around this time. Mortgage providers in Dubai are expected to cut their rates as much as by 7.5%. So, risk assessed home loans are readily available to those going in for property rentals. When we compare Dubai real estate with UK, we will see that the mortgage prices in the UK are steeper. Also, mortgages in the UK are harder to get. As per stats, the valuation technique can be overestimated by as much as 20-50%. Despite the slow down, the costs have actually doubled over the years. This is good for real estate in Dubai but bad for customers purchasing the property.

The UAE real estate boom came at a much later stage than the UK. With the UK boom now over, the UAE real estate boom is slowly taking shape. Condos, duplexes and townhouses are seeing a steep rise in the price. However. Dirham is the one word that makes the difference between the UK and UAE economy. The UAE Dirham makes the pound sterling look diminutive. So, if you are thinking about living in the Middle East, this is an excellent time to do so.

The good news for some UK real estate owners in Dubai and other parts of the UAE is the fact that it will provide an interesting gain in value with respect to sterling pounds. However, the bottomline is the fact that the trend switched from the UK real estate boom to the UAE real estate boom although buyers seem to want a lot more from the latter. But again, that is a whole new arena. Therefore, the Dubai real estate boom has happened and is already going on. If you are interested in buying real estate, do check out some of the Dubai properties now or you might lose your golden opportunity. With zillions of tourists dropping in at Dubai hotels, it is more than likely that at least a few of those will eventually become permanent residents in the city.

Real Estate Industry in Dubai Vis-À-Vis UAE and the Middle-East Economy

Once, the Middle East was ignored as a strife-torn region. The cosmopolitan culture of UAE and Dubai real estate has attracted tourists and investors. The region has turned into an active trade hub. The free zone and the Dubai real estate industry have changed the landscape. Dubai real estate has become the interface of the rapid transformation in the Middle East. It has catapulted the UAE economy as a leader amongst Arabic nations. The release of freehold property has, in one master stroke, led to the current development of not only Dubai real estate but also other businesses in UAE. The dynamic increase in Dubai real estate has prompted the neighboring areas also to think of similar ways of attracting investors. The Dubai real estate has become a landmark in development and other states have also opened up their locked lands to foreign investors. The economic trends in the Middle East are now being guided by the Dubai real estate development indicators.

The Dubai real estate economic model is being studied by business groups for future investment in the Middle East. Let’s not forget the first economic boom, thanks to the crude oil market. The prosperity has continued with active participation of Dubai real estate developers. The revenue from oil helped the Dubai real estate to continue with rising economic trends. Unfortunately other Arab nations did not capitalize on the oil boom. With UAE in the saddle with rising Dubai real estate, it is a prime example of not depending on oil reserve. The Dubai real estate boom has helped Arab nations to welcome overseas investors. The ability of good governance has also helped the Dubai real estate industrial model to be replicated by other Arab nations. The fact that UAE has stopped depending only on oil for survival has been understood by other groups. With overseas developers entering the Dubai real estate sector, they have sent positive signals to their own countries too. Attracting forex in the region has facilitated the economy of these regions.

Despite the waging war in Iraq, the other Middle East nations have stepped forward to accept the Dubai real estate sector model to improve their own dependence on merge desert resources. The sands are now being transformed into gold as investments flow in with Dubai real estate sector. With Dubai real estate properties being showcased in the world, the Middle East is looking forward to challenge the China dominance in the world market. While China can become the world’s backyard for mass products, the Middle East is a source for business growth with the Dubai real estate model. Private investors are being encouraged in putting collective brains to banking, telecom, IT, healthcare and education sectors. For the simple reason, if Dubai real estate sector can flourish, then why not these too? Other economies are trying to emulate the successful Dubai real estate sector. Oil has made the UAE rulers king, but the burgeoning Dubai real estate sector will turn them into emperors.

Final Tip: Qatar’s rising economy may be shadowed by Dubai’s real estate sector which in turn is a haven for foreign investors.

Dubai Real Estate: Current Rental Scenario

For long, people from developing countries have lived and worked in the UAE with simple accommodations provided by local sponsor. They rented apartments but none were able to own any real estate in Dubai. In 2000, the opening of freehold property has allowed the workers to opt for second homes and put them on rent to new comers in the Emirate. As real estate in Dubai is a sunrise industry, the current rental scenario is undergoing change. The property laws are being rewritten to allow investors and workforce to buy real estate in Dubai in the form of commercial or residential space. So what property advice can one get from experts on the current rental scenario concerning real estate in Dubai? This would include all aspects of real estate in Dubai, counting changing rental rates, purchase formalities, dealing with official agencies and getting loan facilities. The time is ripe for individual investors to make assets that will appreciate in any form of real estate in Dubai.

The Dubai Land Department provides all information relating to property deals of real estate in Dubai. For the last 47 years, this department has kept a close watch on all land deals and the registration of all property concerning real estate in Dubai. There is a paradigm shift in the rental scene concerning freehold real estate in Dubai. This is because the UAE government is giving preference to the real estate in Dubai. It has become necessary for every investor to keep in touch with current rental market prices of real estate in Dubai. The leasing costs of many properties of real estate in Dubai are increasing. Inflation is not the only reason for it. The population growth and rapidly increasing opportunities in allied sectors of real estate in Dubai have also contributed. Engineers, architects, designers and brokers have also contributed to the benefits that real estate in Dubai is providing to the citizens. What has become straightforward and trouble-free is the loan facility to buy second homes as part of emerging real estate in Dubai. Now one can get easy mortgage, which means new rentals will make real estate in Dubai more lucrative to existing citizens.

There is no likelihood of slump in any type of property of real estate in Dubai for at least the next ten years. The investment markets have helped in rising rentals of major property investors of real estate in Dubai. The best properties of real estate in Dubai to rent would be the newly developed luxury homes, villas, 2-3 bedroom apartments (good for small families) and small offices to set up business. The current rental prospects can be availed of by long term residents who have aspired to make their real estate in Dubai yield more Dirhams to have a better lifestyle. Brokers and estate agents provide information regarding current rentals of real estate in Dubai. Rising rentals will not deter new development nor stop emerging properties to pay back revenues for existing investors for now at least.

Final Tip: Keep a check on the property laws; they are still being revised from time to time.

The Role of Government in the Development Of Dubai

The pre-dominance of the Dubai property sector has attracted the attention of many buyers and investors in UAE. The rise of Dubai property segment has proved that the stable government is the backbone for survival. Since the oil boom, the policies, property laws, polity and governance of UAE have been citizen-friendly. Now with focus on Dubai property, the bulwark of government machinery to safeguard and control real estate development is already active in many areas. The Dubai Land Department and RERA are the main government bodies that monitor all Dubai property development.

Some of the main areas that the government is monitoring Dubai property concerns with the revision of laws after the freehold land has become open to overseas developers, investors and buyers. It was only in August 2007 that the government declared a law on mandatory escrow accounts for all Dubai property developers and builders. This is very critical as not all Dubai property builders are reliable. To protect the buyers, it was natural that the government passed this crucial Dubai property law. With this one law, the Dubai property developers have been put on leash. In compliance of this Dubai property law, it is now compulsory for all monies paid by off-plan buyers to be held in separate escrow accounts. The funds can be released only when Dubai Land Department permits it. The government itself is the biggest Dubai property developer. It will have to lead by example and help other Dubai property builders to follow. At the moment, the biggest attraction is the rental yields for buyers of Dubai property. Some buyers have also invested in Dubai property under construction. This means the financial flow has to be smooth. If any project is affected by non-flow of funds it could create tremors of uncertainty. This would only fuel rumors of crash of some Dubai property, which would ruin the government’s painstaking efforts since 2000.

The government has to constantly regulate the Dubai property development least it turns into a nightmare for all related sectors and people. The onus lies on the Dubai land Department and RERA to ensure Dubai property will not slide and affect the region’s economic growth. In fact, the entire Middle East region is dependent on continous Dubai property development. The Real Estate Regulatory Authority (RERA) CEO, Marwan bin Ghelaita has a special role in making real estate development in UAE more stringent. The escrow account which has come into existence will slowly be extended to all projects related to Dubai property by the beginning of 2008. Buyers, who have become jittery about some delayed projects of Dubai property are now confident that their investments are safe. The repercussions of the new LAW No. 8 are apparent. Few Dubai property builders have announced any new projects. Meeting the three important criteria of RERA has stopped the unchecked growth of Dubai property. For all practical purposes, new investors have to toe the government’s regulatory line before opting for investments in Dubai property projects in future.

Final Tip: Brace up for more regulations as the Dubai Land Department formulates rules for delayed projects post 2007.

Jumeirah Lake Tower Community

The Jumeirah Lake Tower Community is a huge complex, a perfect case in point of how freehold Dubai property can be developed with creativity for community living. It is the first mixed free zone, freehold land development of Dubai property supported by the government. It is a waterfront district in the neighborhood of new Dubai. This exclusive business and residential address is being developed by Al Nakheel - reputed Dubai property builders. Designed as self-contained township, it has residential and commercial towers along with designated shopping areas, hotels and entertainment zones. A prestigious postal address - this Dubai property is situated near Sheikh Zayad Road between interchanges 5 and 6. Nearly 79 towers (more will come up) are available to citizens of this exclusive Dubai property development. This freehold Dubai property can be bought by foreign investors. It has already attracted many buyers.

The Jumeirah Lake Tower is set in groups of three towers. The waterfront Dubai property is landscaped, has waterways and is surrounded by four lakes. Absolutely safe and secure, this Dubai property is worth investing in. The four man-made lakes look natural, an added advantage for the occupancy of every part of this Dubai property. It covers nearly 255, 000 square meters of land, making it an aqua-themed Dubai property. The four lakes are called Almas East, Almas West, Elucio and Allure. The waters of the Arabian Gulf are pumped everyday to give a unique aqua-structure to this Dubai property. Already the DMCC part of Dubai Municipality will provide licenses for various businesses in the commercial section of this Dubai property. Since it is in the free zone sector, many businesses are likely to benefit from this part of Dubai property.

The freehold Dubai property, Jumeirah Lake Tower is close to two golf courses - Emirates Golf Course and Montgomorie Golf Course. The Hard Rock Café is also close to this prestigious Dubai property. Other areas that are close by to this Dubai property include Dubai Marina, Dubai Internet City, Media City, American university, Dubai Marina and The Palm Islands. Even the Jebel Ali free zone is close to this Dubai property.

Some of the projects which are under construction in this Dubai property include Lake Plaza Armada, Al Waleed, Al Seef, Falcon Tower, Green Lakes Tower, Madina Towers, Lake Terrace, Fortune Executive, Dubai Gate, Laguna Tower, Indigo, Tamweel Tower, Palladium, Dubai Arch, Saba Tower to name a few. All the projects being developed on this freehold Dubai property will have international amenities and services. The commercial spaces and offices will have state-of-the-art business facilities and conference centers. The residential towers, having 2-3 bedrooms apartments in this Dubai property, are equipped with safety features, swimming pools and fitness centers. Since it is a waterfront property, it has a beautiful promenade. There are shops nearby for all provisions making it a self contained Dubai property. As job opportunities help people to relocate in Dubai, property here will sell quickly. It is a matter of time that this waterfront complex gets fully occupied.

Final Tip: Amongst all the upcoming projects of Dubai property, the Jumeirah Lake Tower will be sought after by first time home owners who wish to make a home in UAE.

Business in Dubai Real Estate Sector

The growing number of multinationals entering the UAE indicates that they have a good reason to grow financially in the region. Many of them are diversifying in Dubai real estate, eyeing the available opportunities. The focus is on expanding business prospects in Dubai real estate which is the most lucrative. The Dubai real estate sector has given an open invitation to nearby Muslim countries and western countries to develop infrastructure, residential complexes and commercial properties. The demand for commercial space in Dubai real estate has increased prices and other costs too. Since it is the business community that will continue to generate revenue, some areas have become premium Dubai real estate properties. A few of the progressive landmark properties of Dubai real estate include The Capital Bay, Haz Tower, XL Tower. Many multinationals are making the 19-storey Haz Tower their new business address. As Dubai real estate business steadily grows, offices in this facility are coveted. Other commercial properties include Iris Bay, Silver Tower, The Binary, Matix, Bayswater, Executive Heights and The Summit.

Business in Dubai real estate construction is attracting many overseas developers. There is enough an challenging work for architects, civil engineers, unskilled labours and contractors as Dubai real estate beckons them all. Worldwide Dubai real estate exhibitions are showcasing some of the most prestigious properties that will come up in the region. The focus in the coming years will be on those properties of Dubai real estate that will be environmentally friendly and have sustainable development. As global warming concerns are spreading, Dubai real estate developers are conscious of the threat to environment in the region. The green revolution is now the main keyword of every new development of Dubai real estate. One of the leading developers of Dubai real estate, Al Nakheel Properties has already taken the initiative to start environmental-friendly projects. They are working with international consultants- Sustainability Advisory Group. It will focus on energy efficiency and waste management. They plan to monitor the Arabian Gulf waters to balance the marine ecological system.

As Dubai real estate focuses on construction activity, the steps to streamline parallel environmental development is of paramount importance. Since 2002, Dubai real estate has attracted the best creative professionals to make UAE the leader in this sector. Business is safe as RERA controls and monitors all Dubai real estate. The Dubai Land Development’s new escrow law 8 has made Dubai real estate sector more investor friendly for end-users, developers and investors. Emaar Properties, Tanmiyat Investment Group, Al Nakheel, Aldar Properties, Dar Al Arkan are some of the reputed developers of Dubai real estate whose various projects have attracted buyers and investor groups. As Dubai real estate continues towards sustainable development, market watchers around the world are predicting continuous growth. Business men wanting to relocate in UAE can rest assured that with prospering Dubai real estate, they will be able to enjoy their investments for long. As long as Dubai real estate is stable, even entrepreneurs will reap good results.

Final Tip: Keep a close watch on property laws released by Dubai Land Department before making any commercial investments.

Making investment in Dubai real estate

If the sand dunes in the Middle Eastern deserts are reverberating with constant explosion, it is because of the hectic construction activity in UAE. Dubai real estate has outpaced other developing economies. Today making investment in Dubai real estate is the best option for businessmen wanting to expand their financial portfolio in the region. What makes Dubai real estate so lucrative for individuals and for companies entering the Emirate?

The answer lies in the freehold land which is attracting billions of dollar investment in Dubai real estate. One of the most stable government in the Arab world, the only mission and vision of the Dubai rulers is to make it a stable land of opportunities. The vision is already taking shape in the stunning skyline that is attracting tourists, job seekers, entrepreneurs and multinationals to make investment in Dubai real estate. In a world that is seeing downslide of some major economies, UAE is registering a steady rise due to investment in Dubai real estate. While USA’s credit lending facilities have slowed down, interest rates have lowered; Dubai real estate has created a fine balance in investments. More committed investors have put monies in rock steady Dubai real estate sector. The oil prices still position UAE in a leading situation. If one looks at the Dubai real estate status, it is similar to what Hong Kong went through in the early 1990s. Investments in Dubai real estate properties are going through the same. UAE has large oil reserves, even if outside investors back out of Dubai real estate. The alarm bells will not ring for at least another ten years in the Dubai real estate sector.

But there are warnings against rogue builders that could ruin dreams of investing in Dubai real estate. Be careful, as the builder’s reputation matters most while buying any Dubai real estate property. An individual buyer can look at a single dream home in Dubai real estate to begin with. The values of older homes have increased, even though new properties of Dubai real estate are coming up. Some projects are prestigious but be careful not to get carried away by tall claims. The government has rightfully created a Dubai Real Estate Regulatory Agency (RERA). It functions as part of the Dubai Land Department and monitors the investments made in Dubai real estate. It has sent out a message to all potential buyers, to ask for three key points before they make any genuine investment in Dubai real estate residential homes. The three valuable key points to be noted are:

1. The registration of real estate company is with RERA. Ask for company’s code number.

2. All payments/instalments of the property of Dubai real estate are made in their trust account in a financial institution approved by RERA.

3. If dealing through a broker, he should have a registration number and ID card to sell Dubai real estate property.

Making a safe investment in Dubai real estate is critical even in a booming economy.

Final Tip: Ask for developer’s credentials before investing in any project

Latest rules and regulations in Dubai Real Estate

With a flurry of activity going on in the name of real estate in Dubai, there has to be absolute clarity in regulations. The opening of freehold land has changed the rules and relegations. Many new users are vying for a piece of land in the tropical Arab sun. As expatriates are buying real estate in Dubai, it is advisable to know the latest rules and regulations which govern them. Some good real estate in Dubai is in short supply to foreign investors. The developers and brokers have hiked prices of some properties of real estate in Dubai. By monitoring new directives laid down by the government, one cannot make mistakes while buying real estate in Dubai. Some foreigners are expecting change of rules to suit them, as high rentals are now forcing them to buy real estate for long term living in the country.

Some land deals of real estate in Dubai are expensive. These properties come with luxury trappings and a safety net for families’ wishing to invest in homes. The ones affording real estate in Dubai are high net worth individuals. They choose seaside properties, villas and luxury apartments in Dubai Marina. Some spacious properties of real estate in Dubai are booked in advance during the construction phase. The growing credit facilities, increase in population and visitors are making the government more open to expatriates. The change in the rules and regulations for real estate in Dubai is inevitable. In 2006, one of the Dubai property laws concerning registration underwent changes. The Lands Development will be the only recognized authority to register real estate in Dubai. The property rights will include right of freehold ownership, rights of usufruct and lease up to 99 years, rights of Musataha, collateral rights, restrictions and mortgages against real estate in Dubai. The right of Musataha is the right to use and exploit the property of another person.

For better understanding, consult an experienced broker on real estate in Dubai. Consulting is essential before buying any real estate in Dubai. Regarding the ownership of commercial real estate in Dubai, Article 4 of the Dubai property law mentions UAE citizens and their companies can own property rights in Dubai. A company formed in UAE having foreign shareholders will not have rights over that real estate in Dubai. There is an exception to public joint stock companies. Emaar and Union Properties developers of real estate in Dubai fall under this bracket as both are registered in the Dubai financial market.

Foreigners can have freehold property in select lands area and not any other real estate in Dubai approved by the regulation No.3. These are called ‘designated’ areas. The maps of ‘designated’ areas are available before buying any real estate in Dubai. Foreign companies can have freehold properties up to 99 years. Long leases of real estate in Dubai in undesignated areas can be given to non locals but with a caveat. Some of this real estate in Dubai is not included in the Law.

Dubai Real Estate Regulated by Dubai Land Department

Had it not been for the futuristic initiative taken by the government, development of real estate in Dubai would have been sluggish. The real estate in Dubai along with tourism has given a boost to the economy. Today, the real estate in Dubai meets international standards and it offers luxurious residential habitats, commercial office space, entertainment zones, and exclusive spaces for various industries. The Dubai Land Department has been monitoring the sale and purchase of all deals in UAE. It was established in 1960 and till today it holds fort and controls the real estate in Dubai. It also protects the interests of the locals and does not allow embezzlement of any real estate in Dubai. Over the years, it has helped in various land transactions between landowners and potential buyers. They have also helped legal heirs to have custody of real estate in Dubai wherever applicable.

Today even expatriates turn to the Dubai Land Department when they wish to make any investment concerning real estate in Dubai. All the land registration of real estate in Dubai is maintained by this department. Since the Dubai Land Department is a part of the government, it does all the documentation of real estate in Dubai. For immediate enquiries one can call up the department or even use the call center facilities for enquiries related to real estate in Dubai. With hectic construction activity going on in every sector of real estate in Dubai, there are also online services to help buyers and owners. The Dubai Land Department also helps in giving other information and related formalities to real estate in Dubai like making registration forms, monthly and daily trades, ownership certificates, evaluating lands and also registering land sales. The property laws regarding the real estate in Dubai are changing. One can get latest information from Dubai Land Department. Other than that, one can ask for registration numbers of brokers and estate agents who deal in real estate in Dubai. Most of the brokers are allowed to take a fixed amount of commission while transacting any real estate in Dubai. One can also get full information on development of trust accounts concerning any real estate in Dubai.

With the opening of freehold land, many foreigners wish to know more about the laws related to buying real estate in Dubai. Land can be purchased through Emaar Properties, the Palm project and Jumeirah but any other type of real estate in Dubai cannot be purchased. They can buy only those properties which have been approved by the government. The Dubai Land Department also gives information if some company wants to buy commercial real estate in Dubai. More details can be sought from the Dubai Land Department which is the official channel regarding real estate in Dubai. Once a buyer goes through the official channels to buy real estate in Dubai, it is not difficult to buy property. The Land Department has an experienced staff to help citizens in matters concerning real estate in Dubai.

Final Tip: Online services of the Dubai Land Department are quite useful.