Dubai property
Dubai property is considered by many as a real estate wonder of the world, and playground for the rich and famous. Faced with their depleting oil reserves, the mainstay of the economy, the Dubai Government was forced to think of other avenues for future revenue. Their solution was to turn Dubai into a tourism and business haven. Building has, and continues to be done on a vast scale. Dubai's GDP (gross domestic product) has risen by 236% in the past 10 years alone!
Dubai investment property
Dubai property is an attractive option for investment property and lifestyle property buyers’ alike with long-term appeal due to the investment being committed to by the government which is looking to accommodate 200,000 tourists per day by 2010. In recent years Dubai property values have increased by 25 % per annum.
The ingenuity of facilities holds no bounds in Dubai; from ski domes which allow you to ski in perfect skiing conditions in which was until recently desert, to underwater hotels! The Dubai property market allows you to have the choice of ski property, golf property and beach property.
Dubai rental income
A little known fact is that Dubai is second only New York in hotel occupancy rates. This makes condo hotels , which provide an rental income, an attractive option for overseas property lifestyle buyers and investors alike. Its favourable tax regime of 0% capital gains tax and 0% income tax make investing Dubai property all the more appealing.
To date demand has out-stripped demand, however a large amount of new property is about to be released into the market which will balance the current excess in demand over supply. It is therefore important that you choose the right sort of Dubai property, in the right location. We will help with the right advice to ensure you Dubai property needs are met.
Population : 2,602,713 (July 2006 est.)
Capital : Abu Dhabi
Language : Arabic (official), Persian, English, Hindi, Urdu
Currency : Emirati Dirham
Dialing Code : +971
International Airports : Abu Dhabi, Dubai
