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Boom in Dubai Property Investment

admin — Sun, 21 Mar 2010 17:50:11 +0000

Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirate’s property laws. Currently, Dubai real estate sector is witnessing a rapid upward trend that’s expected to go even higher with the passage of time. Population of Dubai has grown manifold over the past few years given a sharp and growing increase in the number of expatriates. Both veteran and would-be investors across the globe are eying Dubai as the property investment paradise for a long time to come. Property for sale in Dubai has already succeeded in drawing the attention of foreign investors.

Investment in Dubai property, whether it’s buying property in Dubai for permanent relocation or business, or you simply want to cash in on the most popular investment trend in Dubai property i.e. buy-to-let, is very lucrative. The immense development Dubai continues to undergo with massive infrastructure projects reflects the exploding need for space for the country’s multiplying populace. Given these circumstances, the boom in Dubai property market doesn’t seem to slow down at any point in the foreseeable future. These upward trends of Dubai real estate make investment in Dubai property extremely risk-free for foreign nationals and they can choose to invest in Dubai even with their eyes closed.

Nearly all of the buyers of Dubai property find property resale and buy-to-let trend as the most attractive features of property ownership in Dubai. Some recent announcements point towards Dubai’s becoming a tourist hotspot in the near future with more recreation than ever. Newer entertainment and recreation projects are underway which have already drawn a great deal of international attention. The emirate, which is already termed as a playground in the desert, is soon to have more to offer to the world’s recreation seekers. This much international focus means an even stronger property market potential with returns that continue to shoot up.

To the benefit of investors, though not a positive sign for the buyers with no commercial intent, the demand for Dubai property, Dubai apartment, Dubai villas or any other type of property in Dubai by far outstrips the supply. This demand/supply disparity makes Dubai property investment an extremely attractive prospect for the foreign investors. As the experts of Dubai property forecast, the market is lucrative for the investors who already bought property in Dubai. But the market is not so friendly for those seeking rental property right now. If you’re one of those lucky enough people who have already secured property in Dubai, you’re likely to be reaping profits. But if you’re on the lookout for a decent rental accommodation in Dubai, you might have a hard time ahead as the prices are very high and are set to rise higher.

Experts speculate that the population of Dubai will be doubled in 2010. This will turn Dubai into one of the world’s hottest destinations for expatriates and holidaymakers alike and this just bodes so exceptionally well for property investors.

Daniel Marshel is senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. He has more than 25 years of first hand experience of working in Dubai real estate market. His firm Better Homes offers online Dubai property listings, property management and property investment services.

Invest in Dubai Property Market

admin — Sat, 20 Mar 2010 17:50:15 +0000

Located on the southern coast of Persian or Arabian Gulf, Dubai is the 2nd largest of the seven emirates that constitute United Arab Emirates. Dubai has a population of 1.35 million inhabitants of which majority consist of expatriates. Dubai has the biggest population among other cities of UAE. Major parts of Dubai consist of rolling sand dunes. During the last few decades, Dubai has experienced a hasty development in every field of life. Twenty years back and you would find Dubai, a city inhabited by itinerant Bedouin roving across with their flocks and herds. Today, Dubai has become one of the most modern cities in the world. With the continued boom in industry sectors such as tourism industry and Dubai Property industry, Dubai has fast become the center of attraction for millions of people and businessman around the globe.

To some extent, Dubai is little different from rest of six Emirates of UAE. Unlike other Emirates, revenues from oil products contribute only 6% of the Gross Domestic Products of Dubai. The major contributors in its GDP are the tourism sector and the real estate sector. Later has gain a significant importance in the economical growth of Dubai. Today Dubai proudly holds some of the tallest skyscrapers in the world.

With nonpareil facilities and lifestyle on offer in Dubai, many people are planning to make Dubai as their second home. Some are even planning to relocate their. This has resulted in an increase in the property demand in Dubai. The increase in the demand of residential Real Estate UAE has forced the hike in price for properties in Dubai. With the announcement of new laws for property in Dubai, Dubai has able to magnetize many property investors around the globe. According to AME Info (leading press release website about Middle East), a massive investment of USD 4 billion has been committed in the Dubai property market since the passing of new laws for property in Dubai.

Dubai Investment Fund has planned to broaden the horizons of property investment across the following three branches of Dubai property market.

• Commercial Property in Dubai

• Industrial Property in Dubai

• Residential Property in Dubai

DIF has aimed about 15 to 20% annual growth in the investment funds for Dubai property sector. One of the major developments in UAE Economy market has been the announcement of new Dubai Freehold Property Zones. Expatriates can own property in Dubai in these zones either on permanent basis or on the basis of 99 years lease. This factor has significantly intensified the Dubai property market. All of a sudden, Dubai property market converted from an average local market into a full of activity international market. With matchless lifestyle Dubai has now become the heaven for millions of people in quest of a trendy and out of this world lifestyle.

The Dubai property prices have shown a significant upward trend during the last few years. Dubai property market has seen a 40% increase in the rental price against the property for rent in Dubai during the first six months of 2005. The price of property for sale in Dubai has also seen an increase between 20 to 50% during 2006. According to many real estate experts, this is the best time to invest in Dubai property market as prices are set to see more heights during the upcoming years with ever increasing property demands. Many investors are turning to invest in Dubai property market to take home their share of benefits that Dubai property market has on offer for its investors. There is a lot of profit on offer in Dubai property market if you can play your cards well. All one needs is the careful survey of Dubai property market.

Sim Whatley, the proud owner of Dubizzle.com, is a multidimensional character. By visiting his online portal Dubizzle you can find all needed information about dubai jobs, classified, and Development in UAE.

The Dubai Property Investment Fund

admin — Fri, 19 Mar 2010 17:48:07 +0000

UK Financial Services Authority compliant was established by the Investors Provident. Under this compliant, The Dubai Property Investment Fund furnishes the investment in property in Dubai city and the region of greater Gulf. The markets of these sections are alleged to hold numerous prospects in terms of investment and commerce. The region is gulf is not yet cultivated, not much of technological advancements have take place there. This compliant would help in the explication of that area.

The major endeavor of The Dubai Property Investment Fund is to look for 15-20% of the annual growth rate in the capital.

The markets of Dubai and gulf are blooming. These offer enormous prospects and their market is escalating at a progressive rate. The rebate on tax in Dubai and Gulf makes them the core of attraction for business and investments. Apart from the affable tax policies, The Dubai Property Investment Fund also grants the investors an access to the property in areas that are otherwise constrained for the foreign investors.

Investors Provident instigated this fund in alliance with the Caledonian Developments Limited which is a skilled property investment team and Al Mazaya Real Estate, a well-known local company of Dubai finance market.

The directors and managers of the fund have already gained a growth rate of 30% by carrying out business and investment in those areas. After attaining a growth rate of greater than 30%, these investors aimed to bring out a growth of 15-20% in the capital they invested. This signifies for every investment GBP 100,000, they would get a return of GBP 184,000 to GBP 225,000 in 4 years time.

The target capital for this fund is about 60 million pounds. In this capital, each director and manager is supposed to invest an amount ranging from a minimum of fifty thousand pounds to a maximum of five million pounds. The duration of the fund is planned out to be four years. Every investment that is being made will be divided into two parts, one would be split into the company shares, and the other part would be given out as loan.

Investing in this fund gives exclusive rights on the property in the highly commercialized area like Jumeirah lake towns, Dubai International Financial Centre and Dubai Sports City. These funds are supported by the government. One can invest in them along with the government to cater to different commercial and residential projects in the gulf area.

The investments returns are tax efficient. They only consume a total of 10% on the earned amount which is a meager amount as compared to the other cities.

This fund offers a promising future in taking the city to an altogether new platform and elevating the level of modernization and commercialization.

Property Reporter is an emerging article writer working with many real estate agents like www.propertyadvicedubai.com. The articles by property reporter focus on current issues and market trends in the real estate industry of Dubai.

Arabian Ranches

admin — Mon, 07 Dec 2009 18:39:37 +0000

Arabian Ranches reflects the beauty of the desert and combines the highest norms of comfort and lifestyle. The complex is located in Dubailand between the Global Village and the Autodrome of Dubai on Emirates Road, 15 minutes away from the Mall of the Emirates. It is a compound of villas combining the fascinating desert with the traditional Arabic heritage. In the Arabian Ranches there are several different communities which are designed with different themes. Indeed, there are ten different residence types, starting from townhouses up to the prestigious huge villas in Arabic or Mediterranean style. People have been living in Arabian Ranches for the last two years, and hence all the landscaping is already in place.
Several of these houses are located around the 18 holes Golf course of 7000 meters, called the Course of the Desert. The development also contains a driving range; a riding school, a polo ground, and a British program primary school and secondary school (Jumeirah English Speaking School JESS). Moreover, residents can enjoy a community centre with a fitness club, swimming pools, restaurants and retail shops.

Dubai Property Law Information

admin — Mon, 07 Dec 2009 14:20:29 +0000

The basic norms and rules followed in almost parts of the world may be the same while buying property. However, there are several place specific laws of property.

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.

Dubai Property

admin — Mon, 07 Dec 2009 14:14:11 +0000

Dubai Property – Advantages

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.