Properties In Dubai Flying Fast

Investors all over the world consider Dubai to be one of the safest places to invest in. Dubai’s economic growth has caught the attention of investors from all over the world. The number of projects and developments that have taken place in Dubai is making it easier for foreign nationals to invest in Dubai. One of the main reasons for this unprecedented development is the changes in laws pertaining to holding of freehold property by foreign nationals. In May 2002, the crown price issued a decree giving rights to foreigners to own freehold property. 

Dubai has often been called the land of opportunities, and has an unblemished track record of infrastructure and industrial growth. Dubai holds a record for carrying out the maximum number of large-scale projects every year, making it the one of the largest players in the real estate sector. The tax-free shipping port is an added advantage for overseas investors to invest in the Dubai’s property market.

More than $900 million has been invested into the real estate market of Dubai. Some of these projects have been completed where as others are in the development stage. What makes Dubai stand out is that buyers can choose properties depending on the budget they have. You can choose to invest in a towering building, buy a lavish villa, or own an exotic island. You name the property that you want to buy, and you will find it in Dubai. No wonder celebrities like David Beckham, Michael Jackson and Rod Stewart have all bought properties in Dubai.

Expensive properties are not the only properties in Dubai flying fast. Today, the local population of Dubai prefers owning a property rather than pay high rent to a landlord. There are many builders that have built single bedroom flats to cater to the requirements of the local population. These flats are not expensive, and can be easily bought by the working class person. The real estate boom in Dubai has not only benefited the investors but also the real estate agents and brokers in Dubai. With business flourishing, their earnings has increased manifold.

Even though the mortgage market of Dubai is not fully developed, there are other schemes available to provide financial aid to people investing in the property market of Dubai. These schemes have made it easier for people intending to buy properties in Dubai. Payments for property bought can be made in installments, which make it easier for people with minimal finances to buy properties. Easy finance availability is another important reason why properties in Dubai are flying fast.

People who have invested in the real estate market of Dubai are seeing their investments grow in leaps and bounds. People can get high returns on investments made in the real estate sector either by selling properties or by renting them out. In both cases, high returns on investment can be expected. High returns is an important reason why many people are building luxury homes in Dubai.

Rent in Dubai is also on the rise, which enables you to get high returns on the property without having to sell it. So be a part of this property boom and don’t delay the purchase of your ideal property. With the property market booming you could regret delaying your decision.