Dubai properties have become very lucrative for investors and
also for people who want to move residence or set up businesses there. Dubai, with its limited
land space and great demand for property, has caused property developers and construction
companies to invest heavily in developing residential and commercial properties.
Some of the buildings, especially high rises in Dubai, are awe-inspiring, as architects have
turned their dreams into realities over here. Dubai Marina is one of the man-made
wonders being constructed, and will have more then 200 high rise buildings and
some of the world's tallest skyscrapers. Infinity
Tower, Marina Terrace, and Princess Tower are some of the high rises being
constructed here. Man-made islands like the Universe, the World and Palm Island
will offer more beaches and more space for construction. The height of
buildings in Dubai is not a consideration, and
right now there is a competition going on as to which company will construct
the tallest building of the world in Dubai.
Right now the sail-shaped Burj al Arab hotel is the tallest building in the
world.
Currently, the much-publicised
rotating tower is the hottest property in Dubai.
Each floor will rotate independently and so the buildings shape will change continuously
for the onlookers, and so will the view for the residents. The speed of the
rotations will be so slow that residents will not feel the floor turning. Wind
turbines will provide power for the building and for surrounding buildings and
there will be solar panels also installed.
So whether residential or
commercial, there are a number of properties vying for the top spot in Dubai. Residential
property on the new man made islands, in Dubai
marina and close to Jumeriah Beach, are considered to be the hottest properties in
Dubai. With a
projection over 600 high rise buildings eventually constructed, and millions of
visitors flocking to this jewel in the Middle East, it becomes difficult to
project which is the hottest property in Dubai.
With so many new projects in the pipeline and each one boasting its exclusive
features, selecting the hottest property can be quite taxing.
For residential hot properties,
the high rise apartment buildings along Jumeriah Beach
and Dubai Marina are hot favourites, but now residential properties in the
sports complex are also becoming hot favourites. How can a choice be made, when
each building has its own virtues, its own features and no negative points? The
city has been so well designed that it is like a dream city on earth, and it
keeps growing everyday. People looking to make money invest in futuristic
properties that are under development, as they feel that they will not loose as
most of the developers guarantee a minimum return.
The price of the hottest
properties in Dubai sits in the millions of dollars, and getting a
mortgage is not as easy as it is in the UK
or the US.
Therefore one needs to have the available cash flow to purchase the hottest property
over here.
