Few reasons to Invest in Dubai:
Dubai was the first to introduce foreign ownership of land in Emirates, and currently is the home to one of the finest leisure facilities in the world. Quality of life in Dubai is extremely high. Dubai being the essence of a Twenty First century lifestyle providing you the luxurious and family oriented atmosphere.
Dubai, is the trade capital of UAE and is located midway between the Far East and Europe which is its major advantage. Dubai has a booming real estate market. There are wide selections of real estates to choose from, with unmatchable features implemented in each of them.
The Dubai real estate varies from apartments, office and commercial space to villas, and has become a major attraction for the investors of property and real estate around the world. Voted as one of the World’s best holiday destinations and recognised as the gateway to the Emirates Dubai is without doubt a risk free investment point.
If you are wondering why is it that Dubai has become such a property hotspot and why is buying Dubai property going to remain an excellent investment for years to come? Here are just few of the reasons:
No Tax payable in Dubai on earnings or capital gains from investment in property
Residence Visa with ownership on purchase of property. capital gains taxes are deducted out from the sale proceeds automatically in most of the countries of world)
100% freehold ownership now available
Finance packages offered by different banks and institutions in DubaiDubai is becoming a major tourism destination.
Since the start of century Dubai has achieved almost 100% growth every year in tourism and it is expected that by 2010 Dubai-UAE will attract 12 million visitors per year.
In March 2006 the Freehold Law was passed allowing foreigners either 99 year leasehold or freehold ownership of land in designated areas.
The population of Dubai is expected to increase from 1.2 million to 2 million by 2010 and up to 4 million by 2017.
Dubai is located between 3 large continents of the world; Europe, Asia and Africa. The demand for Dubai's new facilities such as Dubailand, Sports City etc will be be huge.
Prices of property and real estate are rising by a much as 25% per year and rental yields also out performing all other countries of the world with yields of 10% and more being easily achieved.
Whether you are looking for Dubai property to live in or simply invest in for future economic growth you will find that you are looking for. Dubai property has been and continues to be a hot topic among investors around the world because there seems to be unlimited as to what can be achieved from an architectural standpoint as well as how much one can profit from the real estate. Get in and buy property now while the area is still growing and building its value so you can cash in later.