Dubai
Located on the Persian Gulf situated between Saudi Arabia and Oman, Dubai is developing into a nation that is the epitome of globalization. Though a Middle Eastern country it lacks the formality, conventions and traditional flavors found in the Arab region. Dubai, has reinvented itself to suit the needs of all cultures and conventions. It is a commercial region where the overseas property & real estate, the property and the investments are being created to cater to a universal regime.
Dubai is witnessing a tourism boom at present, with $1 Billion being pledged for tourism each year for the next 10 years, easy access to visitors from around the world and Dubai also being the hub of international air travel, the potential property growth and large rental audience Dubai is a property investors dream.
Dubai is especially attractive for people who are thinking of settling outside their home country in Europe, South Africa or South East Asia. The sunny weather, the exchange rate and the completely cosmopolitan nature of the state is something that is found in few other countries.
The open nature of the society in Dubai makes it a haven for people who want to retire, relocate their families in a more successful manner and/or are simply looking for a secure return on their money. Dubai is a lively place which has people of all religions, is open to various entertainment factions, has excellent education and healthcare facilities and is overall a place where living is dream.
With a country being backed by a large government investment, a strong and highly paid ex pat work force and a booming tourism, Dubai has a potential for a long term capital growth
Why Invest In Overseas Property & Real Estate In Dubai
- Fastest growing city in the world
- Growing tourist hotspot.
- New International airport due for a 2010 completion with a capacity for 20 Million visitors each year.
- 15 million international visitors by 2010.
- Set to receive $1 Billion investment in tourism per year for the next 10 years.
- No capital gains or income tax on property purchase.
- Property prices up 20% in 2006.
- One of the fastest growing economies in the world with a growth rate of 8.5 per cent.
- The quality of property build is high.
- New property law’s allowing foreign investors to buy freehold property.
- High property rental yields on completed properties.
- With the purchase of property you are granted the right to apply for residency visas.
Key Facts
Capital:Dubai
Money:UAE Dirham
Language:Arabic
Flight time from UK:6-7hrs
2006 property Growth:17%
Potential Rental Yields:9-12%
