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Dubai PropertiesLiving in Dubai & Dubai Property InvestmentHi, Sunil here to discuss Dubai properties with you in this section With the rapid progression Dubai has experienced, property values have also experienced unprecedented growth. Just until year 2000 or so, Dubai properties barely appreciated. If anything, they depreciated in value because of wear and tear. Recently however (post 2000), Dubai real estate has skyrocketed just like properties did in the USA post the 1970s. As an avid real estate investor here in the USA, I can certainly appreciate what has transpired with properties in Dubai. I started considering Dubai property investment in 2005 but was always afraid of the “real estate bubble” that I perceived existed in the real estate market. My perceptions were shaped by my experiences here in the USA. Dubai however, unlike to USA, has shown no signs of bursting out of the bubble. I started studying the Dubai real estate market since then and have made some contacts in the industry. I frequently get updates on what is new, what is hot and what is not. I will continue to share that information with you on this website as I become aware of it. It is not difficult for you to find a property for sale in Dubai today. Until I believe 2006, you were not allowed to own a property in Dubai. You could only rent. After 2006 or so, to encourage foreign investment, the Dubai Government (Sheikdom) enacted a law allowing aliens (non Nationals) to purchase properties in Dubai in certain freehold zones. Dubai, and the UAE (United Arab Emirates), is one of the safest countries to live in or visit in the whole world. Because it is such an ideal place, developers and construction companies have set up shop there and are rapidly building every day. I often wonder who is buying all those properties every time I see a new building go up. But I guess they are selling like hot cakes. They must be. Infrastructure development is all controlled by the city’s Government, who is constantly evaluating the supply and demand ratio in the country to maintain the city’s growth and financial success. Investing in a property in Dubai is a great if you want to settle in Dubai over the long haul. This is because the Government does not grant naturalized citizenships. In other words you can never become a Dubai National. The only was you can stay in Dubai is either if you have a working Visa through a corporate sponsor (you must be working) or if you have a residence Visa which is granted to property owners. Living in Dubai City or purchasing a property for sale in Dubai has many advantages. Some include (but are not limited to) the following:
You also have apartments, condos and hotel apartments. Hotel apartments are your semi-long but short term options (think about an extended stay hotel that offers very reasonable long term weekly or monthly rates). Recently, the Burj Dubai residential lounges have also become quite popular. Burj Dubai (the tallest building project in the world as of 2007, $900M invested, approx 1,000 meters high and 200 floors) is scheduled to be completed in 2009. The Dubai investment property craze warmed up around 2004 and has no signs of stopping anytime soon. Many (like me) believe a bubble exists in the real estate market. However, the way the city is moving it’s hard to believe that anything will stop its progression in the near future. You might be looking at decades and decades of continuous growth. I have my own thoughts and this is a great topic for discussion. Subscribe and stay tuned to the Dubai City Blog and we will definitely be discussing Dubai properties together in the future. Living in DubaiLiving in Dubai is a great experience for many. But with inflation and rising commodity prices it can get quite expensive.Real Estate in DubaiReal estate in Dubai is booming (as of mid 2008 at least) and there are no signs of anything affecting it. Not the US economy, not the credit crunch crisis and certainly not the fluctuation (up or down) in the price of oil.Rotating Tower in DubaiThe rotating tower in Dubai is just one of many projected rotating towers to be built all around the world. These towers will be beautiful both to the eyes and the environment by generating their own pollution-free energy.Apartment Rental in DubaiApartment rentals in Dubai may be a good alternative if you don’t want to shell out heavy cash and invest in a property in Dubai just yet.Dubai Investment PropertyWant to bank on a Dubai investment property? Are you considering one? Simply want to learn more? Read this discussion for a full 411 on investing in Dubai properties.Dubai Sports CityDubai Sports City is one of the freehold zones designated by the Dubai government where foreigners can invest by buying land. Read about this lucrative opportunity and why you should consider it in your Dubai investment mix.Property for Sale in DubaiThe property for sale tag is everywhere in Dubai. Many real estate experts will tell you there is no better investment. On the other hand, skeptics like me will tell you that a bubble is about to burst.Burj DubaiThe Burj Dubai is the world’s tallest free standing structure as of 2008. Read more about this historical achievement by Dubai’s regime.Dubai Property InvestmentAccording to most experts, Dubai property investment is more lucrative and promising today than ever before. According to me, the best time to invest is long gone. Where do you stand on this debate?Dubai VillasDubai villas are the best and most economical way to experience living in Dubai. Learn about how much they cost, where they are located and how to go about getting one. Get the complete picture here…Property in Ras Al KhaimahProperty in Ras Al Khaimah is a hot commodity. Learn about it here and take advantage of the well kept secret before the masses find out and flood the markets.Buying Property in DubaiBuying property in Dubai has proved very fruitful for investors post 2006 after the freehold laws were passed by Dubai’s government. Read about the current opportunities in Dubai real estate and how you can be part of it.Dubai Real EstateThe Dubai real estate is clearly in a big bubble. The question is how long will it expand and when and will it ever burst?Buying Freehold Property in DubaiYou can now buy freehold property in Dubai and own it independently without the involvement of builders in the buying and selling process. Dubai is increasing the number of designated freehold zones. Take advantage of this opportunity while you can.Dubai ApartmentConsidering renting a Dubai apartment? Make sure you read this discussion before you do so. Learn what to expect and where to search for the best deals if you are planning on living in Dubai.A Massive Dhs. 400 Million Tower in DubaiCheck out the massive Dhs. 400 million rotating tower in Dubai project. Fully rotating, solar powered and residential, this is the first of its kind anywhere in the world.Dubai Real Estate PlatformThe Dubai Real Estate Regulatory Authority’s property price chart project is an all inclusive and comprehensive study of Dubai’s real estate market. Find out why it is being done and potential its impact on Dubai’s economy.Dubai Secrets - Buying Property in DubaiBy far the best practical guide on investing in a property in Dubai. The guide is compiled by others who have bought property in Dubai over the last few years. | ||
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