Dubai, as a property investment destination is poised to be a top choice property for a while yet, according to research from an overseas investment portal.

Enquiries to the website from over 170,000 visitors in January 2008 give an early indication that Dubai is one of the most sought-after locations, according to the company.

The research also points to an investor trend towards lower-priced properties. “Over 50 per cent of visitors to the site were seeking property in the overseas market for £60,000 or less.”

With the average cost of a property in Dubai still remaining reasonable, it is of no wonder why Dubai was voted the top investment hotspot for January 2008 – with many clients coming from the British Asian community – despite the region witnessing a development slowdown as new laws take effect.

”Interest in the United Arab Emirates from visitors on the web has soared over the last month, with the progressive Federation breaking into the top ten of our ‘Top of the Props’ chart for the first time…”

This is a positive reflection, as one can see that the property sector in Dubai is progressively growing, and has maintained profitable margins whilst continually providing lucrative opportunities for keen property investors.

In conclusion, as is perfectly worded by the authors’ of a large property portal: “Never content to rest on its laurels, the UAE’s defining characteristic seems to be its unshakeable quest for continuous improvement – something that has underpinned the success of States like Dubai and Abu Dhabi. And with major infrastructure investment occurring across the Emirates, it’s an exciting time for prospective investors.”

One thing is clear, as en emerging and steadily progressing property sector, Dubai has become a force to be reckoned with.

Dubai has been at the forefront of most property news portals for quite some time now, reflecting the immense popularity and strength of economy the country is experiencing at present.

An affirmation by media and real estate mogul, Donald Trump, in which he personally announced recently his long term commitment to Dubai property, bodes incredibly well for the emirate, especially when one considers the fact that when it comes to real estate the name Donald

Trump is synonymous with “both investment success and luxury grade property and what’s more, the name carries a great deal of weight in terms of providing investors with deep confidence in a given project, a location and even an entire nation.”

So far Trump has remained dedicated to Nakheel and together the corporate-empires are entering into a strategic joint venture for the construction and implementation of the Palm Trump International Hotel and Tower on Palm Jumeirah.

Trump’s commitment to create “the most luxurious residences and hotel-condominiums that Dubai has ever seen,” is the force guiding the accurate construction of the developments – ensuring benefits for the country as well as the developers.

Trump’s certitude to enter Dubai now simply translates into how he is amply confident in the emirates and the status of property in Dubai, its economy and government and it appears that Trump is also personally quite sure of the long term appeal of Dubai as well.

Trump recently advised that to him “it is the government’s commitment to building a first-class economy with a first-class infrastructure that makes Dubai so appealing” and that he is “excited about Dubai’s growth potential long into the future because Dubai is now becoming the gateway between Europe and Asia.”

In these comments he manages to summarize exactly what it is about Dubai that is actually drawing unswerving heights of continued international investment into the property sector. Time will also prove how Trumps words of positive reinforcement will only mean that even more global interest will be focused on property in Dubai from now on.

One matter, however, that will always be cause of trepidation, especially in a country as hot as Egypt is, remains the supply of water.

Great news for Egypt, its inhabitants and investors alike is that it the once prevalent problem of water supply now appears to be taken care of, as it was announced that Dubai will have the worlds’ largest reservoir.

”The Mammut Group begins work on giant storage tanks to hold 180 million gallons of water. Construction of the reservoirs will take 15 months with preliminary prefabrication work being carried out at Mammut Group’s 300,000 square metre facilities at Dubai’s Technopark.”

According to DEWA statistics, “Dubai currently has a water capacity of 262 million gallons a day – due to rise to nearly 800 million gallons a day by 2015. The Mushrif reservoirs will expand DEWA’s current water storage capacity from 235 million gallons to 415 million gallons.”

Announcing the package of expansion projects, Saeed Mohammad Al Tayer, Managing Director and CEO of DEWA, said they would “satisfy the unprecedented growth in demand for DEWA’s services for the ambitious projects in progress.”

According tom reports presented to the media, the three giant Mushrif reservoirs will cover a total area of approximately 165,000 square metres, whilst measuring 372 metres in length, by 169 metres in width and 5.6 metres in depth. They are expected to consume 270,000 cubic metres of concrete and to make use of 27,000 tonnes of reinforcing steel.

This is another positive move made by the political authorities of Egypt, to ensure the adequate and necessary infrastructure be put in place – in order to sustain the emergent and ever-flourishing Egyptian economy and property in Egypt sector.

It is plain to see that Egypt is still on the rise, and with its ever-growing economy, one should not be surprised with an increase in even more developments on the rise, as investors clamber to Egypt’s shores in hopes of staking claim to their own private haven in the land of pharaohs’.

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A new wave of investors is anticipated to flock to Dubai as their destination of choice. There is a recent trend where one can see the start of investment from regions that are more conservative in their property investments.

A popular international real estate portal recently reported that some earlier Dubai projects are now in the completion stage and that the concerned regions’ infrastructure have improved significantly, which is giving additional confidence to those previously hesitant investors.

Matthew Lanham, a Chief Technical Officer of a popular property portal remarked that “Dubai for us is providing huge interest and it makes sense to cater for our buyers who can now meet our own staff in Dubai. We find that some international buyers want to get a feel for the region before investing and our staff is on hand to do this. We have a team that can speak Arabic, English and French which is a real bonus.”

According to another property expert, Hind Jouini Chief, “Dubai is still expanding and is a relatively new market. There is so much opportunity here that many overseas buyers don’t know where to begin. Our presence in Dubai will capitalise on the interest in the region from the international community. Our clients come from UK, Pakistan, India, Middle East, and Russia. We predict that more conservative investors will soon be attracted to the region once they see projects coming to completion and see the huge infrastructure improvements here”

It has also been reported that the scale of the development in Dubai is causing problems with utility companies that are experiencing some difficulty in keeping up with the property developers demands.

Peter Riddoch, the chief executive of Damac Properties has outlined these setbacks by stating that: “Power and water supply is one of the biggest challenges facing Dubai’s real-estate sector. In a number of areas, the government is playing catch up”

In light of this, Dubai political authorities and property market rule makers have increased regulations around financing purchases of off plan property in the region.

This has resulted in three of Dubai leading banks launching escrow accounts. The new regulation centres on amendments in Dubai’s property law which aims to increase transparency levels within the emirate’s real estate sector.

Recent reports suggest that the Islamic banking division of Mashreq has opened the trust accounts as a result of Law No.8, which now asserts mandatory use of the account when buying an off-plan property in Dubai.

The CEO of Badr Al-Islami, Mubashar Khokhar has been reported to say that “the account would not only be ‘stringent’ but would also make buying off-plan ‘more transparent’. The real estate and construction sector today represents 22% of the non-oil GDP of the UAE. In my opinion this law will be a big catalyst to the industry and will carry on the momentum of growth for the next few years. Escrow will make buying off-plan more transparent. From a developer’s point of view all of the accounts will be monitored, while buyers will have the knowledge that their money will not be diverted for any other purpose.”

According to an additional report on Dubai’s developments status, it is clear that “some earlier off plan properties are coming to completion, Diamond Investments, a sister company of Diamond Developers, has announced finishing the handover process of Marina Diamond III, the third in the series of six buildings in the Dubai Marina.”

Fares Saeed, CEO of Diamond Investments said: “It is a pleasure to see our third building in the Marina full of the new owners and tenants. We are pleased to provide our customers with a different lifestyle full of relaxation in the Marina, where they can enjoy all the facilities available in this project. We expect to deliver Marina Diamond IV, V and VI later this year – which increases, along with the handover of Marina Diamond III, the total supply of residential units in Dubai by 1300 homes the handover of Marina Diamond III plays a role in alleviating the supply crunch in Dubai’s real estate market”

Many experts are of the general consensus that Dubai is about to see a new wave of investor wishing to buy property in Dubai.

Accordingly, Dubai is the location where not only commercial property but residential property is also rapidly being built and snatched up by various international investors, further illustrating the immense drawing power that Dubai still holds.

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The property rental market in Dubai offers a wide range of residential options from apartments to rent to family luxury villas for rent Dubai, U.A.E based Residential Properties Dubai, residential properties agents Dubai, residential real estate agents Dubai provides residential properties Dubai, residential investment properties Dubai, residential real estate Dubai, residential real estate properties Dubai, rental property Dubai. Whether you are looking for a beachfront luxury apartment, a luxury villa or a property investment in Dubai, your dream home in Dubai, At Residential Real Estate we can help ensure that your desire to buy property in Dubai from our Real Estate Company becomes a reality. We can help you find the ideal property in Dubai to match your lifestyle and your budget. We are among the very few Dubai real estate agents, who have strong associations with the leading developers, landlords and relocation agencies. We are providing you the latest offerings in the real estate rental marketplace of Dubai.

At Residential Properties Dubai we not only assist individuals and corporate clients to buy, sell and rent residential properties, but set ourselves apart from our competitors through the value added service we provide. Our Service offers include; buying, selling, and leasing of residential properties at all levels. In addition Residential Properties Dubai provides residential property management this involves renting out properties on behalf of its clients. Best residential real estate company Dubai offers apartments for rent Dubai, Dubai rental apartments, lease apartments in Dubai and Dubai villa rental property for buying, selling and leasing of residential real estate properties Dubai and accommodations in Dubai; U.A.E. Our professional staff has access to up-to-the-minute information on available Dubai properties, and excellent local knowledge of the Dubai property market. This makes us ideally placed to help your search whether this is for residential or investment properties, we are Dubai based real estate web portal where buyers and sellers can advertise their property listings on the internet as well as search for properties in Dubai. Dubai Property Match features Dubai real estate news, property listings of apartments, villas, residential property & commercial property from agents, developers and end-users. We specialized overseas property sales and Investment Company, delivering the best of upcoming and newly developed property developments from Dubai to around the world. We take pride in providing professional and dedicated services for our valuable clients in U.A.E and Worldwide as well. Our comprehensive data bank includes Dubai Properties for Sale, Buying, and Leasing in the U.A.E, from Commercial, Residential, Villas, Warehouses, to Plots.

We assist clients in making the right decision in buying and selling of property. We provide the best independent real estate advice to ensure the client gets the right property that suits their needs. We offer some of the Dubai’s most lucrative off-plan, newly developed residential and commercial property investment opportunities. You will find a wealth of information on topics including property selling, buying, rentals, real estate agents, Dubai housing market updates, mortgages / home loans, Dubai freehold properties, relocating, Dubai real estate investing, trends, financial analyst, Middle East real estate news and professional reviews

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The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states – Abu Dhabi, Ajman, Fujairah, Sharjah, Dubai, and Umm al Quwain – merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ras Al Khaimah. The UAE’s per capita GDP is on par with those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region.

Location: Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia.

Area: Total UAE: 83,600 sq km; Dubai: 3,885 sq. km i.e less than 5% of UAE. And 4 times the size of Singapore.

Land boundaries: With Oman 410 km, Saudi Arabia 457 km

Weather: Normally a desert climate. Hottest in July and August when temperatures reach 48 Deg C with RH of around 85%.

Elevation extremes: Lowest point: Persian Gulf 0 m

Highest point: Jabal Yibir 1,527 m

Environment – current issues: Lack of natural freshwater resources compensated by desalination plants; desertification; beach pollution from oil spills.

Environment – international agreements: Party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Ozone Layer Protectionsigned, but not ratified: Law of the Sea

Geography – note: Strategic location along southern approaches to Strait of Hormuz, a vital transit point for world crude oil.

Population Dubai: 1.5 mn 2007E

Age Group 15-64 years [79% of total population]: Male 73% Female: 27%

According to current dubai news, about 80% of Dubai’s population consists of foreigners in the age group between 15 and 64 since visas are normally issued only for working people or investors and people over 60 years need to pay extra to get annual visas instead of 3 year ones. So there are few foreigners in the other age groups.

Ethnic groups: Recent Dubai news indicates that the break up is: Emirati 19%, other Arab and Iranian 23%, South Asian 30%, Westerners and East Asians 28%.

Religion: Muslim 96% (Shi’a 16%), other (includes Christian, Hindu) 4%

Languages: Arabic (official), Persian, English, Hindi, Urdu.

Government type: Federation with specified powers delegated to the UAE federal government and other powers reserved to member emirates.

Time difference: GMT+4 (9 hours ahead of Washington, DC during Standard Time)

Independence: 2 December 1971 (from UK), which is a national holiday.

Legal system: Based on a dual system of Shari’a and civil courts; has not accepted compulsory ICJ jurisdiction.

Judicial branch: Union Supreme Court (judges are appointed by the president).

Economy overview: Dubai has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification, have made oil and gas a small percentage of the total output. Since the discovery of oil in the UAE more than 30 years ago, Dubai has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.

The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. Dubai’s Free Trade Zones – offering 100% foreign ownership and zero taxes – are helping to attract foreign investors. Higher revenue, strong liquidity, housing shortages, and cheap credit in 2005-07 led to a surge in asset prices (shares and real estate) and consumer inflation. Rising prices are increasing the operating costs for businesses in the Dubai and adversely impacting government employees and others on fixed incomes.

GDP (purchasing power parity): $167.3 billion (2007 est.)

GDP (official exchange rate): $192.6 billion (2007 est.)

GDP real growth rate: 7.4% (2007 est.)

Inflation rate (consumer prices): 11% (2007 est.)

Currency (code): Emirati dirham (AED)

Exchange rates: Emirati dirhams per US dollar – 3.673 (2007), 3.673 (2006), 3.6725 (2005), 3.6725 (2004), 3.6725 (2003)note: officially pegged to the US dollar since February 2002

Disputes – international: Boundary agreement was signed and ratified with Oman in 2003 for entire border, including Oman’s Musandam Peninsula and Al Madhah enclaves, but contents of the agreement and detailed maps showing the alignment have not been published; Iran and UAE dispute Tunb Islands and Abu Musa Island, which Iran occupies.

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200.000 visitors per day will be expected in Dubailand and 15 million tourists in Dubai. Dubailand is divided into six zones, Attractions & Experience World, Retail and Entertainment World, Themed Leisure and Vacation World, Eco-Tourism World, Sports and Outdoor World and Downtown.

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The same is applicable to property in Dubai. If you are from a foreign country you will realize that the property laws there are quite different from the Dubai property laws.

Status

All types of laws including property law may undergo small or big transformations over a time span. This may happen even if the property market is extremely developed. It is the same in Dubai too.

The property law in Dubai is relatively new, as it has taken shape only recently. Hence in order to come to a concrete form it will take some time. Nevertheless, the present laws that have been laid down are quite simple.

The prevalent laws

The present Dubai property law entails several simple rules. You can own freehold land only if you are a UAE or GCC citizen. Companies owned by such citizens or with public shareholding may own freehold too. Again the ruler of Dubai may permit you to own freehold property or to have it on lease for 99 years.

You must leave all relevant documents of property registry with the Lands and Properties Departments and judicial bodies or experts can avail of attested copies. This department is meant specifically for the registration of property rights and contracts of long term leasing. The value of the electronically preserved documents is equivalent to the original document.

Property transactions are invalid unless properly registered. Cases of inheritance should also be registered similarly. The Lands department can look after the unregistered land settlement or rectify financial mistakes, on application. The Chairman of the Lands department is responsible for issuing the laws that are then printed in the official journal.

Advice

It is true that you can know the Dubai property laws through the official journals but it is always advisable to opt for professional help before you actually go ahead with your investment on Dubai property.

When you are buying a property in Dubai you need to rely on a good legal concern or individual and also an efficient financial advisor who is well aware of the pros and cons of property law in Dubai so as to help you to make the best moves.

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The increasing demand of Dubai property can be explained to some extent by the advantages that you are likely to enjoy as an owner. You can get a Residence Visa if you buy property in Dubai. The cost of the property is relatively low here.

You will only be required to pay the registry fee and are no legal fee or stamp duty otherwise. If you are a foreigner you can get mortgages to buy real estate. The quality of the completed properties in Dubai is very good.

If you buy property or rent it you will not be expected to pay any capital gains tax or income tax. An ownership of property in Dubai can be further desirable, as it is a nice city where there is hardly any crime. Despite being an Islamic city it practices tolerance.

Dubai Property – Future Prospects

Owning property in Dubai can be quite fruitful for you in the long run as the future prospects in the market looks bright. The expectation of its capital growth is estimated to be more than 15% p.a.

With upcoming features like the World, the largest shopping mall, the first underground hotel, the tallest building and various other attractions it is inevitable that the cost of property will be sky high in future. This is lucrative enough for you invest in the property in Dubai.

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Shops:

Normal shopping hours are from 9.00 a.m.–1 p.m. and 4.00– 9.00 p.m. However, many shops, particularly in Dubai and Abu Dhabi stay open all day. Most shopping centres open from 10 a.m to 10 p.m – frequently later. Some supermarkets are open for 24 hours. Although shops and shopping centres are fully air conditioned, the cool of the evening is a favourite time for shopping. Shopping centres and most shops are open on Friday, the Islamic day of rest, but they all close for Juma (Friday) prayers from 11.30 a.m. to 1.30 p.m.

All shops are required to close at prayer times in Ra’s al-Khaimah.

Offices:

Government offices open at 7.30 a.m. and close at 2.30 p.m. but you would be wise to visit in the morning. Private offices tend to keep longer hours, coming back to work in the evening after an extended mid-day break. Some private businesses open from 8 a.m. to 5 p.m. All government offices close for the weekend on Friday and Saturday. Many private companies also recognise this two-day weekend. Some offices outside the public sector close only on Friday.

PUBLIC HOLIDAYS:

Since Muslim festivals are timed according to local sightings of phases of the moon, the dates outlined below for Islamic religious holidays are approximate. The precise dates are not announced until a day or so before they occur. If a public holiday falls on a weekend, the holiday is usually taken at the beginning of the next working week.

A three-day mourning period is usually announced when a member of the ruling families or a government minister or the head of a neighbouring state dies. Government offices and some private companies will close for the period.

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The DSF Office has announced Dubai Shopping Festival dates as it presents a preview of DSF 2010 and it new promotion the “Definitely Dubai“  to a global audience at the World Travel Market 2009, which begins on November 9, and goes on till November 12 in London.

While The participation in WTM is part of DSF Office’s efforts in highlighting the upcoming and a landmark 15th edition of DSF, and to promote the festival as one among the world’s leading shopping and family entertainment events to a wider global audience. The DSF Office is participating under the auspices of the Dubai Tourism and Commerce Marketing department (DTCM).

The DSF Office delegation to London comprises of Laila Suhail, CEO of the DSF Office; Abdulla Amiri, Operations and Logistics Manager, and Tracey Shuttlewood, Senior Marketing Coordinator. While DSF 2010 is the main objective of the DSF Office’s participation, Dubai Summer Surprises, and the popular character ‘Modhesh’ will also feature prominently during the four-day event where visitors from around the world are expected to converge.

Laila Suhail, Chief Executive Officer of Dubai Shopping Festival Office said, ‘World Travel Market 2009 is the ideal opportunity to showcase the 15th edition of Dubai Shopping Festival that will be a benchmark in the history of the festival. This edition is special in many ways and we are eager to embrace this challenge and highlight the fact that DSF is not just a festival but an event that the world looks forward to. Dubai is a rapidly developing city and DSF 2010 will reflect the changes witnessed by Dubai.’

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Many people call it the 7 Star hotel of Dubai, “There is a myth surrounding this hotel. We never claimed to be a seven-star establishment but we have acquired that reputation,” said Heinrich Morio, general manager of the Burj Al Arab.

Perhaps the considerable reputation of the hotel arises from 202 lavishly-appointed duplex suites or the seemingly endless 22-carat gold-plated surfaces. Adding to the upmarket impression is an unusually large staff of 1,500, whose job it is to pamper the guests. This amounts to seven employees per visitor. The prices are definitely high.

Such features made the hotel unique when it first opened. “We cater for the world’s most discerning guests and the level of expectation is extremely high,” said Morio who hails from Germany. Despite the global economic downturn, the Burj al Arab has not lowered its prices and is well-booked, he added.

Gaining access to this noble house of Arabian hospitality on Jumeirah Beach Road is not as straightforward as it looks and a guarded causeway prevents tourists from simply strolling through the entrance. Those without a reservation in one of the restaurants or a booked room for the night are left to gaze at the 321-metre-tall space-age structure from the outside. For illustrious guests a fleet of ten chauffeur-driven Rolls-Royce limousines is available to transport them from the city’s airport.

The interior of this hotel is best described as serenely sumptuous with fountains in the foyer and all manner of luxurious fittings. The hotel belongs to the Dubai Holding, most of which is owned by the ruling al Maktoum family. After around 40 years of oil wealth they decided to transform Dubai into a magnet for financiers and holidaymakers.

Before that could happen the emirate had to make a name for itself worldwide. The Burj Al Arab placed a key part in that strategy. “The owners wanted to create the most handsome, luxurious and splendid hotel the world has ever seen,” said the manager. A brief on this scale made it easier for the architects and designers to create features shared with only a handful of hotels in the world.

One example is the pets department where British-born Warren R Baverstock looks after the hotel’s numerous aquariums. “I came to Dubai ten years ago and as I lay on the beach and gazed at the hotel I was simply thrilled,” he recalled. Back then he quickly made up his mind to trade northern Europe for the heat of the desert.

A lot has changed in Dubai since the hotel opened in December 1999. The metropolis has continued to expand and where locals once played impromptu football games alongside the hotel, exclusive apartments and hotels have mushroomed. Yet staff at the Burj al Arab do not fear competition from spectacular new resorts such as the new Palm Island.

Dubai’s signature building no longer stands alone and in December of this year it is set to be dwarfed by the new Burj Dubai, the projected world’s tallest structure with more than 160 floors.

The new hotel has been the subject of much speculation regarding its precise height – the official word is that is stands at over 800 metres – along with the exact opening date and the scale of planned public celebrations to mark its inception. The investment costs are no secret and it is well known in Dubai that this latest superlative structure cost around a billion dollars to erect.

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