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Real Estate in UAE
The real estate market in Dubai is one of the most successful stories in the world. Freehold ownership of selected developments in Dubai was opened to all nationalities in May 2002.Residential and commercial projects from world class construction companies have elicited tremendous response from both nationals and expatriate buyers.
Freehold properties are attracting a large share of foreign ownership due to increased opportunities and quick returns on investments. Rental yields are expected to remain at high level as the freehold properties being offered are very unique on a worldwide scale and will continue to attract investors.
Investing in Dubai freehold properties is a profitable deal when it comes to location, tax efficiencies, leisure, quality of life, leadership and vision, an ambition where Dubai sees itself in the future. One of the main attractions for would-be buyers is the provision of residence visas for expatriate investors and their immediate family.
Dubai has one of the highest per capita construction spends in the world. Dubai is experiencing tremendous growth in real estate and tourism projects that is the most significant in the region. The growth rate exceeds that achieved by other countries in the Middle East and large parts of Europe.
Dubai’s staggering construction industry is unrivaled in the Middle East with multi-million dollar projects springing into life on a daily basis. The past 10 years have seen as much development in this thriving emirate as any other city in the world, and the trend is set to continue well into the new Millennium as more and more business is channeled in from all corners of the planet.
Freehold property is dominated by some of the major developers like Emaar and Nakheel. Some of their projects include The Palm in Jumeirah, Jebel Ali and Deira, Golden Mile, Dubai Marina, Meadows, Springs, Greens, Emirates Hills, Burj Dubai, Jumeirah Beach Residence, Jumeirah Lake Towers, Jumeirah Islands, Arabian Ranches etc. Freehold properties in Dubai seems to going in only one way. Up! Invest in properties in UAE!
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