in the international real estate arena, buying property in dubai
has become is the latest and hottest trend. dubai has become synonymous
with ambitious mega developments and projects that have claimed
worldwide recognition and are phenomenal architectural feats. the may
2002 law facilitating the purchasing of dubai property by foreigners, catapulted the dubai real estate industry into an enormous boom that is still going strong today.
with approximately $90 billion invested in property
developments either completed or in the development stages, the buying
property in dubai has never been hotter. dubai provides the ideal
environment to buy property. buyers are spoiled for choice offering
various types of property suited to all lifestyle requirements. from
towering city apartments to luxurious beach front villas and exclusive
self-sustaining communities, dubai is the new international property
buying destination and has even attracted several star celebrities,
including the likes of david and victoria beckham, michael jackson and
rod stewart.
buying property in dubai is not restricted to the
elite upper class only. many new and existing residents of the city
have found it more worth their while to purchase their residential
quarters instead of paying exorbitant rents to landlords. as a result,
several real estate agencies have sprung up across the emirate, in
addition to some developers selling their property directly.
while the market for mortgages is still developing, many developers offer exclusive payment plans when buying property in dubai.
the city is thriving and the real estate market is booming. purchasing
properties in dubai is an almost guaranteed return on your investment,
whether you wish to rent or sell your property. if it is a holiday home
for yourself and your family – there is no better place in the world
that will offer you the kind of luxury environment than this city of
gold.
Dubai Property