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.

Great Investment Plans for Property in Dubai

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.

Property In Dubai: More Than Just A Holiday Haven

Property in Dubai is the current hotspot in being a potential investment destination. From being a regional hub, Dubai has very rapidly transformed itself into an international confluence of trade, commerce, and recreation centre and of course the option of future homes by owning property in Dubai. Because of these factors Dubai is fast becoming a popular tourism destination and owning property in Dubai the complementary to tourism. Though tourists initially invest in holiday homes as property they are ultimately contributing to the spurt in the sector of property in Dubai. The highly pro-investment regulations offer renewable residential visas for a 3 year period, thus making the process of owning property in Dubai much easier. It is also true that foreign property investors in Dubai must show some caution while purchasing property in Dubai.

Property in Dubai and the thriving tourism industry somehow seem to be growing together. Unlike other countries, the foreigners here actually think of owning property in Dubai, considering the lucrative property investment returns. Property in Dubai and its extensive success is changing the international property market scenario. Property in Dubai is an extremely appealing choice for foreign nationals.

The climate of Dubai has been attracting people from places like UK to consider buying property in Dubai. There is everything that a property in Dubai will enable them to enjoy -the sun, the beach, exclusive shopping, recreational activities and so on. The lure of good life is doing its part to attract foreigners to invest in property in Dubai. Another interesting feature of property in Dubai is that the Dubai government has allowed foreigners to not only purchase property but also develop new projects.

A study has proven that more and more people across the globe are willing to buy holiday homes as property in Dubai. This gives them a double edged benefit - use their property in Dubai for themselves as well as make it their investment which is impeccably strong, taking into account the present property market scenario in Dubai. It is of immense importance to note that a huge percentage of property in Dubai is bought by new investors looking for greener pastures.

Dubai attractions ranging from its amazing coastline, high level recreation centers like Burj Dubai, Dubailand, the Dubai Mall, manicured golf courses, even the Dubai International Airport are an instant recipe for success for investors in property in Dubai.

Though skeptics are weary of the imbalance between demand and supply of property in Dubai, the builders are not very perplexed. This allows them to allay all fears and attract tourists as potential investors in property sector in Dubai. Dubai is becoming increasingly popular with nationals from UK, Europe who want to live abroad. Dubai has become synonymous with the term “Do-Buy”. Thus, the attraction of a stellar lifestyle and endless opportunities has made many visitors to end up buying property in Dubai. Moreover, property investors are especially working hard in projects that will seem irresistible to the incredible tourist market.

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.

Buying off-plan property in Dubai

Off-plan property in Dubai has become quite a rage lately. Though the concept is becoming increasingly successful, there are speculations in the property market as to what factors make selling and buying of off-plan Dubai property so.

The article gives an overview of the factors impinging on off-plan property in Dubai that have to be borne in mind by a prospective buyer.

• The Property Developer
Before going in for off-plan property in Dubai, one has to have an inside out knowledge of the respective developer. The name, the years in business, past projects, business record, history of any complaints against him/her or their development, are all important considerations to be made. Buying property is not a small deal and trust factor is crucial.

• The Financial Scaffolding
It is again vital to know who is backing the respective property developer. In Dubai, the least risky transactions are with government projects. Big names in Dubai property market such as Nakheel, Dubai Properties and Limitless are fully owned by the government which in turn has a major stake in Emaar as well.

• Price of Property Units vis-à-vis Construction Costs
If the property units in question look too cheap to be able to be completed, think twice. Low off-plan rates are a warning signal as they hint towards inferior quality/ failure of the developer to deliver the completed property in the face of financial trouble.

• Escrow Account Bank Details
Since July 2007, it is compulsory to have escrow accounts for all off-plan property developments in Dubai. It is crucial to know the bank which is providing escrow facilities for a particular development. It is always a good idea to go for a property wherein the bank is owned or controlled by the government.

• Payment Structure of the Property
One needs to go through the payment structure of off-plan property in Dubai carefully to see if it suits one’s practical circumstances. This is particularly important when getting the property financed. Certainly one doesn’t want to pay interest for a loan if the project is delayed.

• Stage of Development of the Property
The risk factor involved in off-plan Dubai property depends upon the stage of development as well. If the construction hasn’t started and all that the developer can show is the architect’s drawing, then the probability of project delay is the highest. It is far more likely that the property unit will be delivered on time if you can see a substantial chunk of work already done.

• Costs of Renting Temporary Property
If buying off-plan property in Dubai means that you’ll have to stay on a high rent for a long time, you’ll need to add these costs to the total expenditure. If this figure is quite high, shifting to a completed property in a lesser known place is a better and more sensible idea.

• Location of the property in Dubai
Since location of a property is one of the most important points to consider before making the purchase, it is always advisable to check the locality personally.

Also Read: Dubai Property Market - Buy or Rent?

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

Property Rates in Dubai

The National Bank of Dubai keeps a close watch on property in Dubai. It indicated in 2006 that the inflation rate is around 18-20%. The rates of property in Dubai are being controlled for a sustainable development in the emirate. Every factor contributing to the increase in rates of property in Dubai is monitored. Allied utilities like gas, education and healthcare have also been responsible for inflation of property in Dubai No cause to worry even if it increases, as the growth of the economy is being controlled by a cautious government. Not to forget the rates of property in Dubai are tied up with USA Federal Reserve rates.

Working class families will feel the pinch in increase of the rentals of property in Dubai. If they are to buy another home, they need to work out the lending facilities before investing in any property in Dubai. This will mean that only the genuine buyers will look at developing projects, not any type of property in Dubai. Some people prefer rentals rather than buying property in Dubai. Will investing in real estate be lucrative? Yes, if other factors are taken into consideration- like loan facilities and a promise that the property in Dubai will always appreciate. Foreign buyers are still expecting some rules to change in their favor for purchase of property in Dubai. Those getting high rentals for their properties are likely to invest in a second home making a good property in Dubai. There is no fear right now of the real estate bubble to burst due to any inflation or high rentals.

Rates of some property in Dubai districts will remain high. The Palms, Jumeirah, and The Golden Mile are already getting good re-sale value. These completed projects are high-quality property in Dubai. Home buyers realize that home investment is long term and needs more planning over the years. Rates of property in Dubai will go up, mortgage will increase and inflation will double. Dubai government is learning from the western economies where rates of property in Dubai have been dictated by various factors. They can avoid the pitfalls of property in Dubai going sour.

The rates of property in Dubai differ with central air conditioning and non central air conditioning. In Sheikh Zayad Road, rates are about 38 thousand – 48 thousand for studio apartments to 100-120 thousand for 3-bedroom apartments. In Riggah & Muraqabat, Naseer Square, Abu Hail around 33 thousand-25 thousand for studio apartments. The rates are in AED currency and are likely to change by 2008. There is construction activity going on all property in Dubai. Labor from all over the world is being hired to speed up all development of property in Dubai. Big developers like Damac Properties, Emaar Properties, Al Nakheel Properties, Sabah Real Estate Group, Tanmiyat, Estithmaar etc are changing the Dubai skyline with many skyscraper projects being sold in the construction stage. They are also participating in real estate exhibitions to showcase their properties outside Dubai to invite more buyers.

Final Tip: Sometimes negative property rates are good indicators for buying.

Dubai Property Mortgage Scene

With more expatriates making a beeline to Dubai for job opportunities, it is no wonder that the cost of living in some property in Dubai have risen. Everyone wants to live in spacious homes in a superior property in Dubai. With the freehold property in Dubai opening up, the costs have risen between 12-25 % depending on the locality and available property in Dubai. Private builders are making property in Dubai more lucrative. They have luxurious complexes, upgraded construction and are giving good loan facilities to genuine buyers of property in Dubai. The mortgage scene in the emirate is now competitive and aggressive as various local and multinational banks are also making it easier to buy property in Dubai.

With property in Dubai in demand, the mortgage scene is in the nascent stage. It is easier to have credit facilities for property in Dubai than in UK or US. Rentals give high property yields. There is an increase in nearly 15-20 % rental of property in Dubai. This is bound to happen in a burgeoning sector which makes property in Dubai lucrative. The falling US dollar, higher oil prices and stock markets are responsible for alternations in the mortgage scene in the emirate. The increase or decrease in rental yield motivates the law and regulations concerning property in Dubai. The government is learning and growing and should change some Dubai property laws. The Crown Prince wants to make every property in Dubai a comfortable place to live in. The formulations of some lending companies are likely to change the way Dubai property market develops. Local banks like Tamweel, Amlak, and international banks like HSBC, Standard Chartered Bank, RAK Bank, National Bank of Dubai, Abu Dhabi Commercial Bank and United National Bank now all lend mortgage for property in Dubai. They have on and off plans too, but they have different terms of lending credit and loans for Dubai property. Some of them will lend only to the local residents. Some banks allow loan facility for property in Dubai. Even international property can be mortgaged against credit in Dubai for investment.

There are different rules adopted for lending rates for property in Dubai. Not all projects are listed in the rule book. So if a person has chosen a home in a project that is not covered by any of the banks then mortgage is difficult to obtain which happens while investing property in Dubai. Every borrower is assessed by the financial institution before credit is advanced for property in Dubai. This regular parameters like monthly salaries, paying capacity, EMI etc. It is immaterial how the property in Dubai might develop in future (it may appreciate or depreciate depending on the locality or reserve strength of the builder). Lenders for property in Dubai do not recognize large down payment with small loan. This could prove to be a setback for some buyers wanting property in Dubai. This means one should be aware of borrowing ability to invest in property in Dubai.

Final Tip: What could work favorably is a pre-approved mortgage.

Property in Dubai

Dubai, the jewel of the Middle East is a virtual summer holiday capital of the western world. Property in Dubai is attracting Asian investments. The biggest reason is unlimited opportunity to invest in property in Dubai. In the last five years, Dubai has said Ahlan Washlan (welcome) to expatriates buying property in Dubai. In 2001, the crown prince, Sheikh Mohammed bin Rashid Al Maktoum allowed foreigners to have a 99 year old Dubai property lease. He sent a positive signal to realtors and investors regarding developments in property in Dubai. The permit to buy freehold property in Dubai, allows foreigners to work long term. This has accentuated the region’s growing popularity amongst the expatriates.

Buying property in Dubai is likely to be lucrative for most people working there. A combination of the government’s liberal policies for rentals and investments in commercial and residential sectors has triggered a global interest in property in Dubai. It has fuelled the growth of premium asset allocation of property in Dubai for local citizens also. The golden sands now have the glitter of gold souk with premium property in Dubai for sale all over the country. Traders find Jebel Ali port an attractive property in Dubai for investment. Being a free zone hub for trade and commerce linking east and west, the Jebel Ali port facilitates 24 hour services with state of the art infrastructure and easy tax structure. The Dubai airport, business parks, Media City and Knowledge City are also attracting global companies to invest in property in Dubai. Recognizing the potential of job opportunities and living prospects, the Dubai property sector is geared to provide expatriates more leverage. The government has allowed private developers to construct world class facilities. Some of the largest local developers who are in the forefront of development of property in Dubai include Emaar Properties, Al Nakheel Properties, Damac Properties, Sabah Real Estate Group, Estithmaar Realties (handled by the government).

The explosion of property in Dubai has employed many skilled professionals and unskilled labor from Asia. The fast construction ands development rate of every property in Dubai has virtually changed the skyline of the desert. Apart from the property in Dubai, other factors that make expatriates chose to live in this burgeoning Gulf emirate include its:

• Cosmopolitan culture

• Environment,

• Laws against drugs

• Lowest crime rate in the world

• Education for children

• Salaries and living conditions

As the economy rises, high net worth people are considering investments in property in Dubai. Other advantages in buying property in Dubai include:

• After living for five years, one can rent out property in Dubai. One can get a year’s rental in advance making it a viable proposition.
• Property in Dubai bought as investment or for living, appreciates over the years. The asset is worth buying any time in comparison to equity, stocks or bonds. Property investment defies inflation too!
• Property in Dubai is much cheaper in comparison to many other cities in the world.

Final Tip: There is still time for the Dubai property bubble to burst in the Middle East. Buy now!

Property in Dubai in the Context of Current Rental Cap

Property in Dubai may continue to be at a high price if the current rent cap continues. In fact, the rising prices will probably continue to affect investors for the next five years or so. The other factor that will feed into this is the shortage of supply as compared to the demand of property in Dubai. Property in Dubai will not come for less unless the rent cap is removed.

According to the statistics available with Dubai Chamber of Commerce and Industry, property in Dubai will witness equilibrium with respect to the supply-demand ratio only by the year 2023. Even then, it will be possible if the emirate’s government does not come up with any new policies for property market in Dubai.

A state of equilibrium means that demand will be equal to supply and thereby property in Dubai will be available at stabilized prices. The simplest way in which this can be done is by increased governmental effort to supply more property units in Dubai market. Important sectors to be enhanced in this regard are the mortgage sector and the property development sector.

According to the afore-mentioned study by Dubai Chamber of Commerce and Industry, property prices in Dubai have gone up by 10 percent in terms of cumulative annual growth rate. The long term rise in this regard has been about 4 percent which means an average increase of 7 percent in property prices in Dubai. The latter in turn is equal to the current rent cap in Dubai property market.

The increasing demand of property in Dubai has been influenced by the following factors with respect to governmental policies:

• Population

• Availability of mortgage

• Cost of mortgage

• Income

On the other hand, the supply of property in Dubai has been and will be influenced by the following factors:

• Cost of production

• Technology of production

• Financing of property units in Dubai

Property in Dubai as a Long-term Investment: A few Guidelines

Property market in Dubai shares features of any other international property market. These include (and are not limited to):

• Fluctuation of property prices

• Popular locations for buying property

• Coming up of new property developments

Yet there are regional factors that make Dubai property market stand out. Following are a few guidelines on buying property in Dubai:

• Dubai property sector is constantly coming up with new developments. Check out all of these before investing.

• It is a known fact that property prices in general have been on the rise in Dubai. At the same time, one must not forget that with a plethora of properties, one can easily find what suits one’s pocket.

• Dubai government has limited foreign ownership to a few areas in the emirate. So in case you are a foreign national contemplating to buy property in Dubai, be aware of all available options through a reliable property agent.

• Striking a good bargain is not so easy in this booming property market. But if you know the market thoroughly, you’ll be able to find investments with a good profit margin. So do not be hasty in taking the final plunge.

• Get conversant with the Dubai escrow law. It has indeed made life easier for the buyers, sellers and developers of Dubai property.

• It is also a good idea to rent out your Dubai property. Survey current rental scenario to maximize your chances of making profit.

• There is a vast pool of properties in Dubai that have not been tapped properly due to lack of advertising. Consequently, these are a good value for money. Jumeirah Lake Towers, Business Bay and Festival City still have affordable property units.

• There are areas in Dubai property that have still not reached their full potential. Invest some time beforehand to understand the state of the market and grab these.

• Off-plan sale/ purchase is a regular practice in Dubai property market. Off-plan property units offer good business potential as the prices are usually lower than those of completed projects in the same community. Be well aware of the nitty-gritties of such a transaction however.

• Buying property in state of the art projects like the Palm and the World might look a costly option at the moment but one must bear in mind that in the long run this is a profitable investment.

A Study on Dubai’s Property Market

The property market in Dubai is always in a state of flux. The most sought after question in the minds of investors, realtors and developers alike is what would be the scenario of Dubai’s property sector in the days to come. There are a number of factors that affect the property matrix at a given place and Dubai is no exception. Following is a study on Dubai property market which will attempt to throw some light on the present and future state of affairs in this regard.

The most prominent factor that has influenced property sector in Dubai is the supply-demand equation. At present, a large number of property units are under construction in Dubai. At the same time, there is an ever-increasing demand for all kinds of property units in the emirate. Dubai property boom has been the talk of the town ever since the inception of the freehold property law.

Types of investors tapping Dubai’s property market:

• The large number of properties available in the market attracts investors wanting to get some quick returns.

• The constant inflow of jobseekers to Dubai accounts for expatriates always on the lookout for residential property in the emirate.

• Tourists drawing towards this booming holiday destination wish to have a comfortable living experience.

Property developers in Dubai are constantly vying with each other to offer attractive launch prices. The availability of property units in state of the art projects like The World and The Palm has transformed Dubai into an investor’s dream come true.

Increase in demand means increase in prices. Investors in Dubai property market have got great returns to their investment, which in turn has acted as a catalyst in drawing more investors. Consequently, there has been more demand of property in Dubai and so on. It is in cyclic fashion that the Dubai property market moves.

It is not an unknown fact that Dubai is a luxury holiday spot and a bustling business hub on the global arena. This has spurred on demand for property in the emirate. Since the supply lags behind demand, any property that arrives on market shelves sells like hot cakes. And for a hot price too!

The other major factor besides supply-demand dynamic is delay in the delivery of property. In more instances than one, property units in Dubai have been under-construction for longer than estimated. This creates a further pull in the already stretched state of Dubai property market.

Drawing all points together, one can begin looking at the silver lining to Dubai’s property clouds (ahem). A lot of property projects in Dubai are nearing completion. In other words, there will be a sudden increase in supply in the months to come, which in turn will bring property prices down. But again when all this again increases demand, the eventual state of affairs will be largely guided by how Dubai property market will even that out with even more supply!

Time will tell… but it is certain that Dubai will remain a hot spot for property buyers from all over the world. With new rules and regulations providing for safer deals and a strong value of a number of foreign currencies, investors will continue to look out for opportunities in Dubai.

Dubai Property Market - Buy or Rent?

Property market in Dubai accounts for a major economic force in the emirate. All of us know about the state of the art property projects Dubai comes up with every now and then. Property market in Dubai has been witnessing a growth spurt over the last few years. At least for once, expatriates moving to this wonder city ponder over whether to buy or rent property in Dubai.

Expatriates constitute of a major portion of Dubai’s population. Seeing that the property market in Dubai is quite high in demand, they are often caught in the dilemma of paying mortgage for a personal property, or going for rent which is usually lower than the former.

Looking back at Dubai property market

2002: For the first time in the history of Dubai property market, it became possible for foreign nationals to own freehold property in Dubai. At that time, property prices were quite lower as compared to the present scenario in Dubai. Consequently, with lower mortgage rates to pay, those who bought property at that time took a wise step indeed.

2002 onwards: Due to cheaper property prices, more and more people went in to buy property in Dubai. As a result, there was a great demand (exceeding even supply!) which in turn made the prices shoot up. At present, rents are usually lower than monthly instalments.

Buy or rent property in Dubai – some pointers

• Stay of 3 years or even lesser period: Don’t buy property in Dubai if you plan to stay in the emirate for three years or less. Renting property would be a better option for you. A number of projects will soon get completed in Dubai making rents sink a bit.

• Stay of more than 3 years: If you’ll stay in Dubai for more than three years, you could definitely consider buying property in Dubai. Dubai property experts believe the market trends will reverse in a few years. So buying property in Dubai now may turn out to be a profitable step in several years. Choose a longer period for paying back your mortgage so that it’s not a crunch on your pocket. You could even rent this property later.

Points that will help one decide whether to buy or rent property in Dubai

• How long do you plan to stay in Dubai?

• What kind of property do you wish to have?

• When do you want your invested money back?

These points are paramount in giving you a sure shot answer to your worries. Because of the dynamic nature of property sector in Dubai, one needs to sort these wrinkles out.

Dubai Property Price Trend – Property Analysts with Divided Beliefs

The impending slowdown of Dubai property sector is something analysts are having a divided opinion about. One group of property experts believe the boom in Dubai property sector will slow down around 2014, while others opine it will cool off within 2 years from now.

According to a Dubai property sector report, the prices of residential units in Dubai will reach their zenith in the year 2008. After that, the supply of homes will exceed demand and hence, property prices in Dubai will possibly touch their nadir by 2011. It is estimated that there will be a dip of about 15 to 20 percent in Dubai property rates.

According to local property analysts, however, Dubai property rates will keep on soaring for another 7 years or so because of a number of factors:

• Property construction delays in Dubai

• Limited supply of new housing units

• Increased demand for Dubai property among foreign investors

• Falling price of Dubai currency – AED (popularly known as Dirham)

According to another assessment of Dubai property, around 181,000 units will be in demand in the coming three years or so. At the same time, only 175,000 new units will be made available in the Dubai property sector by 2010. Thus the demand will exceed supply and consequently the property prices will continue to rise for some more years.