Growth in Real Estate Industry in Dubai

Dec 19
10:01

2012

Shaun Anderson12

Shaun Anderson12

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Growth in Real Estate Industry in Dubai has provided as a means of growth and boost for the Dubai Properties as more residential and commercial properties were needed to accommodate the people moving into the city. Now in present day, Dubai has enough residential structures to accommodate the individuals living in the city.

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Dubai,Growth in Real Estate Industry in Dubai Articles the city located in the emirate of Dubai, is one of the few cities in the world that welcomes the individual from all parts of the world to visit and move into the city regardless of their ethnicity, religion, culture, language, nationality and the reason behind moving in. No matter for whichever the reason an individual is travelling to the city of Dubai, he is always welcomed for the stay in the city by the government.

This ease along with the pleasant and safe environment, luxuries offered by the city and the job opportunities which are available not only to the local residents but also to the immigrants moving into the city has made Dubai one of the most desirable places to live in the minds of the individuals from all over the world.

Popularity of Dubai as a TourismAs a result of the popularity of Dubai as a tourism destination as well as the above mentioned qualities, a lot of people have started moving into the city. This has provided as a means of growth and boost for the real estate dubai as more residential and commercial properties were needed to accommodate the people moving into the city. However the real growth that the industry has faced was after the introduction of property law in May of 2002 which enabled the foreigners to own and trade the real estate properties in Dubai.These properties both consisted of leasehold and freehold properties. As a result of this new law, a lot of foreign investors started investing in the property of Dubai as well as a lot of construction businesses moved into the area. New development projects were introduced which consisted of apartments, villas, mansions, condominiums, towers and skyscrapers. Many new commercial structures were also developed.Residential Properties in DubaiNow in present day, Dubai has enough residential structures to accommodate the individuals living in the city. New projects are still being developed. There are many agencies in Dubai that offer property for sale in Dubai. These agents have the complete information about the location, floor area and other relevant information regarding the residential property which has made it easy for a client to obtain information about the residential properties in Dubai according to their need and budget.Buying the property from one of these agents can help the client in saving time and energy that will otherwise be lost in obtaining information about the property that they are interested in buying. These agents deal in all the types of properties that are available for sale.Dubai VillasThe main type of property that actually attracts the people to live in is a Villa. There are several villas present in Dubai and more are being constructed in the new projects being developed by the construction firms. It is quite easy to buy and sell Villa Dubai as there are not many formal regulations regarding dubai property for sale. Villas can also be obtained on rental basis from the agencies.Dubai short stay has been made quite easier for the individuals who are travelling to Dubai for a short period of time as the properties in Dubai can be obtained on rent on flexible terms and conditions. Also there are many luxurious hotels present in the city which provide quality accommodation to their customers.