Dubai, the trading and commercial hub of the Middle East, has today emerged as a paradise for property investors.
In May 2002, the Dubai government issued the freehold property decree, allowing foreigners to purchase properties in their own names, with the right to sell, lease or rent them at their own discretion.
This, along with factors like increase in population, flourishing tourism, stock market and readily available mortgage facilities from banks and other financial institutions, has triggered an unprecedented real estate boom in the Emirate.
Among the architectural wonders coming up in Dubai are: the world's tallest building, largest mall, biggest theme park, indoor ski resort, The Palm and The World (two mammoth man-made islands that will be visible through aerial view), to mention just a few.
Whole clusters of villas and beachside apartment complexes are already completed or coming up: The Greens, The Meadows, The Springs, Dubai Marina, Arabian Ranches, Jumeirah Beach Residence, The New Dubai, International Chess City, to mention just a few.
Housing and real estate in Dubai is increasingly viewed as a good long-term investment, because the city offers:
Comparatively less expensive real estate price options
Availability of easy housing loan facilities from banks and other financial institutions
Uncomplicated process of buying, selling, leasing or renting properties
Open-minded and business-oriented local authorities, no red tape
Superb quality of life, an open and tax free society, ultra-modern infrastructure
Political stability
Security – a virtual crime-free environment
Cosmopolitan milieu, with world-class entertainment events, international golf, horse racing, tennis, themed hotels, shopping malls, the best of cuisines...
So, the time to invest in property deals in Dubai is now, when the real estate boom is just taking off.
Rocky Real Estate can guide you properly to invest in real estate in Dubai. We have the experience, expertise and know-how. We know the latest market trends and the property hotspots. We will get you the best value-for-money deal. At the same time, if you wish to sell your property in Dubai, we'll get you a good return on your investment.
Some Important Facts:
Language:Arabic (official); English is also predominant
