Living in Dubai & Dubai Property Investment
Hi, 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 citys Government, who is constantly evaluating the supply and demand ratio in the country to maintain the citys 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:
- Nice, sunny and warm weather all year long
- Unlimited access to beaches anywhere everywhere
- Tax free income and duty free shopping
- Low interest rates and relaxed lending standards to encourage property investment
- High rental rates and spread between rental income and mortgage interest rates
- Worlds biggest and best entertainment and tourism hub
- Heavy presence of most multinational Fortune companies
- Free trade zones ideal for entrepreneurs and business owners
- Biggest and best of everything (shopping, dining, jobs, real estate, entertainment)
Just like in the USA, you have many options when selecting Dubai properties. Dubai villas are quite popular if you have a family. Villas are the equivalent of homes, they are just called villas.
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 its 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 Dubai is a great experience for many. But with inflation and rising commodity prices it can get quite expensive.
Real 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.
The 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 rentals in Dubai may be a good alternative if you dont want to shell out heavy cash and invest in a property in Dubai just yet.
Want 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 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.
The 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.
The Burj Dubai is the worlds tallest free standing structure as of 2008. Read more about this historical achievement by Dubais regime.
According 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 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 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 Dubai has proved very fruitful for investors post 2006 after the freehold laws were passed by Dubais government. Read about the current opportunities in Dubai real estate and how you can be part of it.
The Dubai real estate is clearly in a big bubble. The question is how long will it expand and when and will it ever burst?
You 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.
Considering 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.
Check 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.
The Dubai Real Estate Regulatory Authoritys property price chart project is an all inclusive and comprehensive study of Dubais real estate market. Find out why it is being done and potential its impact on Dubais economy.
By 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.
Why is this section here? Because likely investors in Dubai properties will also be interested in New Zealand properties as the country welcomes foreign investment, and has no capital gains tax on real estate sales for long term investors. Check it out.
The only way to make money investing in real estate in Dubai is to buy Dubai properties below market values. Learn the right way to acquire Dubai properties and make money on your property investment.
This is a common question (where to find one, to get one or not) Kish and I get on email all the time. So I thought Id spend some time covering the topic here in its own little section of the website.
This is a very important topic and rightfully so we have spend a good amount of time researching the information in this section for you so that you can plan your finances and budget your living expenses if you are planning to move to Dubai or have just moved there.
If you have followed Dubai throughout its development, you must know that it was at one point a construction happy place. In fact, I dont think construction will ever end, though no longer as rapid as it used to be between 2003 to 2008.
I dont think I have to reiterate my personal views on investing in Dubai properties again. I am sure you have heard it enough. But what I will attempt to do in this discussion is quickly point out the pros and cons on investing in Dubai real estate.
Value vs. speculation, which is smart investing? Property investing in Dubai can provide both to a real estate investor. That said, each must be applied at the right time, considering the Dubai economy at the moment.
Dubai's only 7 star hotel is the Burj Al Arab. Explore the 8th wonder of the world? in this discussion. You can also find out the only hotel in the world more expensive that the Burj here :)
The hotels of Dubai come in all forms, shapes and sizes. From 2 stars to the world's only 7 star hotel (as of 2007), there are all kinds of Dubai hotels you can choose to stay at. Read a bit more about them in this discussion
The Burj Al Arab is the most prestigious luxury hotel in Dubai, owing to the fact that it is the only 7 star hotel in the world. Everything in it is luxurious. The exceptional service, lavish rooms, great food, incredible views, and even the toiletries! No wonder it gained popularity all over the world.
Finding a cheap hotel in Dubai is not impossible contrary to popular belief. Because of the competition and fear of the big names, even the smaller hotels have to raise their standards up a notch to remain competitive.
The Burj al Arab is unquestionably one of the finest Dubai properties. Learn some cool facts about this Dubai seven star hotel next to the Jumeirah beach hotel in Dubai City.
There are budget Hotels in Dubai that don't skip out on their opulence and grandeur. Savor the pleasure and lavish accommodations from top budget hotels in a city that boasts 70% five star hotel occupancy, all at budget prices.
Dubai hotel apartments are luxury long term stay hotels. Consider these if you are planning on visiting Dubai with your family or if you plan to stay for a while. Whether it is business or pleasure, you are assured to enjoy your stay at these hybrid hotel/apartments.