Dubai is well-known for the development in the sector of real estate in UAE. The ground-breaking technologies and concepts applied for the development of the city is remarkable. Therefore Investment in Dubai real estate is believed to be safer and most profitable way to double your money even at this moment of economic problems hovering all over the world.
Reason behind the expansion in Dubai property sector is the changes in laws and provision of flexibility for foreign investors provided by the government, which permits foreigners to buy, rent and sell properties in Dubai. Many real estate development organizations are offering resident visa for those who buy real estate from them. Several multinational organizations are currently establishing their offices in Dubai, which made Dubai a first-rate work market for professionals and skilled workers around the globe. More professionals are fascinated towards Dubai for the reason that the city provides attractive high salary. This phenomenon has created enormous demand for accommodation and office spaces. Especially Dubai apartments are very famous among the young and lively professionals and villas in Dubai are the hot choice of relatively affluent class. Laws in Dubai related to property are very understandable and formalities are minimum as compared to other countries.
With the continuous and rapid surge in Dubai’s population, a substantial proportion of which consists of expats and temporary residents living in Dubai for employment reasons, the question of buying or renting a residential property in Dubai is the talk of the day. Both the potential tenants and home buyers may be troubled by the question. But still reports on Dubai real estate say that the changing picture of global financial markets shouldn’t deter the locals from buying Dubai property if their plan is to stay there over the couple of years. As for those who plan to stay in Dubai for more than five years, buying a property can prove to be the wisest decision they ever made given the prices of Dubai property climbing higher and higher with each passing year. Dubai has also emerged as shopper’s ecstasy due to its open port policy with little import duties and superb logistic facilities. Dubai has a world class facility for conferences and exhibitions; it hosts many international conferences and exhibitions. The Real estate sector in Dubai is experiencing immense activity in the form of investments from public and private organizations which include worlds, largest amusement park, tallest building and largest man made islands etc. Dubai real estate sector is expanding day-by-day to the ground breaking levels by introducing more modern and ground breaking projects.
Property investment in UAE, especially Dubai, is sure to yield heavy returns for the investors. Seeing the current property trend, in which limited supplies fail to fully meet the burgeoning demand, it’s easy to deduce that the time is ripe for the foreigners to invest in the UAE. If you choose to buy a freehold property in Dubai, you’ll enjoy many advantages as a foreign investor. You’ll have the power to sell or rent your property as per your desire. Due to a huge influx of expatriate and temporary residents in Dubai, the demand for short-term rentals is continually shooting higher offering yields around ten percent. The good news for the lenders is that no taxes on income, including that acquired from renting property, are levied in Dubai.
Dubai property is the hottest thing on the international property market at the moment. In just over 30 years, Dubai has transformed itself from a small fishing village and port into a sprawling and bustling cosmopolitan city. This transformation can be attributed to the mega ready now and off-plan real estate property developments and projects in the Dubai property market. According to recent estimates, billions of dollars have been pumped into projects currently under construction in Dubai property, with even more investment used for projects in the development stages.
The Dubai property market attracted worldwide attention in May 2002, when the Government of Dubai issued a law legalizing foreign ownership of Dubai properties in select areas in the city. The Burj Dubai expected to be the tallest building in the world, The Palm, and The World islands are only some of the iconic developments in Dubai Property. This site will help you learn more about the Emirate of Dubai and its stunning property developments.
Dubai property is deemed as an excellent investment opportunity given the current strength of its property market. Whether buying property as an investment, a holiday home, or a second home, Dubai property is the right choice to make. With an ever increasing population and a growing GDP, thousands of residents fly in each month to make Dubai their home.
Whether you want to buy, sell, or lease a Dubai property, you are almost guaranteed a return on your investment. When in the market for Dubai property, buyers are spoilt for choice. There is a wide variety of property types available, from city apartments in soaring skyscrapers, luxurious Dubai villas in the suburbs, or even beach side homes. This way, Dubai property truly caters to every individual’s lifestyle preferences.
Acumen finally seems to have entered the minds of UAE’s Federal Government officials who recently have started to consider the issuance of freehold property visas. This news was revealed of late by a top Dubai government official who said that introduction of residence visas on foreign property ownership in various emirates of the UAE was under serious consideration. The DG of Dubai Government’s Finance Department added that the proposal regarding issue of property-linked visas, which was put forward by the Advisory Council of Dubai Government, was under a review.
It should be kept in mind that some emirates, acting of their own accord, had already amended their foreign property ownership laws and developed their own freehold visa arrangements. The purpose of the proposed freehold property visas at the federal level is to streamline the process and set a unified guideline for the entire UAE. The Federal Government officials hope that the new law will be introduced soon but no time line for the regulation’s introduction has yet been announced.
Issuance of residence visas on the purchase of freehold property was earlier in place when big developers like Nakheel and Emaar helped foreign property buyers to get three-year renewable residence visas. But all of a sudden, the developers stopped facilitating the buyers in this regard which brought the issue of freehold visa into focus.
UAE property experts see the proposal as a wise step that could restore buyers’ confidence in this time of crisis and add lure to foreign property investment in the region that presently shows an investment meltdown. Since 2002, major developers in Dubai have successfully used the issuance of residence visas on the purchase of freehold property to attract foreign investment in the emirate’s real estate sector.
Dubai’s residential property has always appealed the investor and the common buyer alike. In all the emirates of UAE, especially Dubai, several new residential developents are underway or nearing their completion. Homes in Dubai have never lost their demand and the number of those looking to buy a house in Dubai is continuously on a sharp rise.
Hundreds of real estate agents have mushroomed throughout the emirate that offer a wide variety of Dubai homes for sale and urge the buyer to buy property in Dubai with confidence. Villas retain their unique appeal and investors love to buy villas in Dubai. Property owners can also get the best use of their property if they choose to sell property in Dubai or rent it out. If you own a property such as Dubai beach property or Dubai condos, you can get high returns through short term rental. For all other types of residential property, you can get handsome returns through long term rental in Dubai.
If enforced, the new law pertaining to the issuance of freehold property visas will surely add to the attraction of property investment in Dubai and other emirates of the UAE which under present circumstances appears to be lackluster.
About The Author:
Daniel Marshall is a senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. His firm Better Homes offers online Dubai property listings, Apartments in Dubai and in general every aspect of Dubai accommodation.
Many recent surveys by local and international bodies ascertain that despite the recent global financial crisis, tourism in Dubai has not been affected and the emirate continues to attract tourists and holidaymakers of the world in its traditional fashion. Their fervour can only be seen intensifying with Dubai flaunting more and more tourist attractions. The results of these surveys show staggering growth in Dubai’s tourism – the year 2007 saw 13 per cent more visitors to Dubai than 2006, while for this year the experts predict a 10 per cent increase in the number of foreign nationals visiting the Middle East.
As Dubai remains a major tourist hotspot, short-term property rental here is one of the most thriving businesses. There has long been no slowdown in Dubai’s holiday and short-term rental property and prices and demand have only climbed with each passing year. Be it holiday apartments, villas, beach and holiday resorts, rental rates of all have increased manifold over the past few years. Even the rates of other short term rental property such as, self catering apartments and serviced hotel apartments, have not escaped the uncontrollable price hike.
This continuous upward trend in Dubai’s tourism industry and in turn in its short term property rental sector may have boggled the visitors and cost heavily on their funds, but has definitely been lucrative for the investors. High rental yields, excellent capital appreciation, and the ability to use the property as second home are some of the factors that make investors put their money fearlessly into short-term rental properties.
Besides tourists and holidaymakers, many other people visit the city for reasons ranging from business to employment and others. This segment of Dubai’s transient population is also a major contributor to the growth of the city’s real estate sector that deals with short stays. The way Dubai has laid its doors open wide to the job searchers and travellers from across the globe, investment in its short-term rental property can prove to be the most lucrative of all known property investments.
About The Author: Daniel Marshall is a senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. He has more than 25 years of hands on experience of working in Dubai property market and is well aware of the latest trends in real estate for sale in Dubai, UAE. His firm Better Homes offers online Dubai property listings, Dubai furnished apartments and Dubai serviced apartments.
As economic conditions tighten, people get desperate. Unfortunately, desperation can keep good people from exercising caution and, even worse, can turn already bad people into criminal fraudsters. While Dubai is generally a safe and secure city, people should always practice due diligence when it comes to serious transactions, such as buying or leasing real estate.
Better Homes has been made aware of a number of scams specifically involved fake leasing agreements. Fortunately, there is an easy way to protect yourself from falling victim. Below is a recent story reported by Better Homes Property Management division:
“A member of our Leasing Team was negotiating with a lady interested in multiple units at a building we were managing in Barsha. This building is exclusively leased by us at Better Homes- nobody else can lease out the units. The lady claimed that another leasing company was offering multiple units in this building at a much lower rate than Better Homes was charging. She showed us the ad online.
We called this other company, posing as an interested client, to see what was going on. The man who picked up the phone stated that he was able to offer the units at such a low rate because his client had reserved two floors a while ago but, due to economic conditions, no longer had employees to set up in the units.
After hearing the man’s story, our Leasing Consultant identified herself as a Better Homes agent and the man started to panic. We knew that the story was fraudulent because we’re the exclusive agency for the entire building and two floors had never been rented to anyone. After warning the man that he better stop such fraud he made up excuses such as we dialed the wrong number, he was talking about a different building, etc.
A couple days later, we followed up and called him again posing as a different interested client. Again, the man made up the same story. When we asked to see the original Tenancy Contract, the man said he would obtain it and then never called back. Basically, the man was scamming people into giving him security deposits and agency fees. A victim may unknowingly pay this money only to be told upon moving into the building that nobody has any idea why they’ve arrived.”
Janine Crisp, Head of Property Management, explains, “All it takes to avoid these scams is to ask for a copy of the original sales agreement and title deed. Most clients don’t know this and they are vulnerable to fraud.”
There are three morals to the story:
* Always make sure to check the original title deed and tenancy contract. Feel free to contact RERA to double check anything.
* Always work with a reputable sales or leasing agency, and make sure agents are who they say they are. In some cases fraudsters pretend to work for reputable agencies, so if you’re concerned just call the company and confirm the employment… get the agent’s mobile number from the company and then call that number.
* If a deal sounds too good to be true, it probably is. If you’ve really found a bargain out there, a double check on the credentials won’t derail it, and may save you from significant financial trouble.
Better Homes offers Real Estate services. Property to buy sale and rent are available with valuable advice of property professionals. If you want to Find a property or looking for Real Estate for sale or rent contact Better homes.
Dubai is unique in many ways, be it the tourist industry or trade, the ultimate luxury has almost become a synonym of the magnificent emirate- Dubai. Since the 1980’s when Dubai started emerging as a new epicenter of the economic activities the emirates tourist industry considered as the most innovative in the region. Galaxies of hotels in Dubai provide the most relaxing environment to the tourist as well as the businessmen visiting Dubai.
All hotels in Dubai remained occupied round the year because of hectic business activities. There are people who want the ease of home while doing business outside their country. But how is it possible to give someone the comfort of home while he is out. But there is everything possible in this new land of opportunities, with all its glamour and buzz hotel apartments in Dubai provide you homely environment amidst your business trip.
The hotel apartments have all the facilities of a hotel. Either you want a servant or a driver, internet connectivity or the meeting rooms; they all are available to you as easy as you fell home like. It is up to your budget that what sort of facility you need. If you want the luxury of three star hotels in Dubai you can have it. If you desire hotel near Dubai beach or in down town area there are plenty of hotel apartments available. Meaning the luxury and location are up to you whatever you want and can afford is just a phone or mail away from you.
The premium Hotel Apartments in Dubai are at convenient locations and have warm and friendly staff. They are Designed elegantly and furnished with modern amenities, the accommodation units ensures that your stay is as comfortable and enjoyable as possible.
Most of the apartments have a 24-hour coffee shop serving Arabic, Asian and European cuisine for you to feast on. At leisure, relax in the rooftop swimming pool or have a work out in fully-equipped gymnasiums. For the entertainment of kids the hotel apartments features pool tables, video games, and juke box. Most of them also have steam and sauna rooms. So if you are coming Dubai this time tri the hotel apartments and enjoy the ultimate luxury of the life time.
About The Author:
Daniel Marshall is a senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. He has more than 25 years of hands on experience of working in Dubai property market and is well aware of the latest trends in real estate for sale in Dubai, UAE. His firm Better Homes offers online Dubai property listings, Dubai hotel apartments and Dubai luxury hotels listings and property investment services. The company provides professional assistance in selling, renting and buying real estate and helps one find a property in Dubai, UAE and across the globe with ease. For more information please visit http://www.bhomes.com
Who can and who should take the real estate training or course?
Practically anyone who wants to make a career in the property industry can choose to go for the training. If one feels that they can carve their niche in the property sector and have what it takes to excel in the profession, a good real estate course will be of crucial importance. Amid the current financial recession when all industries appear to be toppling, property industry is still somewhat stable. Although there is an evident slowdown in the industry, yet it is growing. So the requirement for real estate professionals has not eroded and every property company needs a property professional. Today, when career opportunities in other professions show a great deal of saturation, the potential of real estate industry is slowly dawning upon people who are now taking up real estate training courses to enter this vast field of opportunities.
What?
What are the real estate training courses about?
Real estate of course! Every country of the world has its set real estate laws and ordinances. These laws may vary largely from country to country, and also from city to city within in a country. This is one reason why it is important for a real estate professional to not only become aware of, but also have a deep insight into his region’s property laws and regulations. The real estate training courses consist of a series of classes or lectures which cover anything and everything about real estate in your region. The courses are designed, handled and delivered by the area’s real estate experts with vast experience of the local property market. The most common things covered in the property training are the property laws governing your area’s real estate industry, your responsibilities as a real estate agent, and the types of real estate present in your zone of operation. The courses are also designed to hone your buying and selling skills as a property agent.
Where?
Where are the real estate training courses available?
Probably not far from you. These courses are gaining popularity around the world and many established property companies and agencies have taken this initiative. Not only established real estate companies, but also experienced property professionals have started educating people about the property business and its ethics with a special focus on the latest real estate trends of their own region’s property industry. So it’s very probable that after a brief search, you’ll be able to find a property company, agency or individual offering this course near your house or somewhere else in your city. And if you don’t, there are numerous real estate training courses available online in which anyone can enroll with ease. All it takes is a little online search and you’ll come across innumerable options. Most people consider online course more convenient than the classroom study as you can study at your convenience without having to rush for taking classes. It saves you the time and hassle of the traditional classroom study. Many online universities and institutions have even started bachelor and master degree programs in real estate development and management.
When?
When can you enroll for the course?
How long does it take to complete? It depends on various factors. Your choice between online and classroom study, the mode of training, and the trainer’s discretion, all these factors come into play. The best way to find an answer to this question is to visit the trainer in person if it’s an offline (classroom) course, or to visit the website of the trainer if it’s an online course. The websites of educational institutions bear all the details of the courses they offer including the course objective, outline, duration, and choice. One trainer may offer more than one property training course at a time designed for different individuals as per their requirements, suitability and market exposure.
Why?
Why should you take this course?
Well, we’ve already discussed it in the 1st answer. One definite answer to this question is that the property market is still booming when the other industries appear to be falling down in the current financial recession. As the industry is expanding, there’s more and more room for real estate professionals in it. Taking a real estate training course can help you make a career in this booming sector and excel professionally.
About The Author:
Daniel Marshall is a senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. He has more than 25 years of hands on experience of working in Dubai property market and is well aware of the latest trends in real estate for sale in Dubai, UAE. His firm Better Homes offers online Dubai property listings, property management and property investment services. The company provides professional assistance in selling, renting and buying real estate and helps one find a property in Dubai, UAE and across the globe with ease. For more information please visit http://www.bhomes.com
The fear and hesitation that surrounded investment in overseas real estate till the recent past seem to be evaporating with sufficient confidence building measures by the world’s major property markets. Governments are becoming more accommodating towards international property investors and are making property ownership possible for them. Even the countries with the strictest property laws are having second thoughts and seem prepared to let the foreign investment pour in. Many of the world’s leading real estate markets have even launched mega projects dedicated for investment from overseas buyers.
Not very long ago, any type of real estate transaction be it buying, selling or renting, was a tedious and tiring task involving physical presence and lot of paper work. Thanks to today’s technology, most part of the labour involved in property ownership process has been removed. International property buyers can now search for their desired property through internet and even pay a virtual visit to the property right from the comfort of their home. There are hundreds of real estate websites available on the internet whose property listings are regularly updated. All the buyer needs to do is simply browse the relevant property listings and the right property is just a few clicks away.
Overseas Investment property gives the owner a double edged opportunity for profit making. After buying the property remotely, the owner can rent it out and enjoy handsome regular income while staying home. On the other hand, the value of property also keeps rising at the same time and its resale after a short holding period can bring very attractive profits to the owner. And more interestingly, a residential property can serve a great second home away from home for the investor. Overseas property investors are well aware of these lucrative benefits of investing in international real estate and for them; high rental yields and rapid capital appreciation are two of the most attractive features of this type of investment.
UAE, especially Dubai, ranks first among the most favorite global investment locations. Other major property investment hubs of the world include Brazil, Dominican Republic, Egypt, India, Italy, Morocco, Panama and Turkey. Property investment, whether it is residential or commercial, in any of the said locations can bring the investor multiple income-generating opportunities which are way better than any other investment. Even an old and shabby property purchased at low price can be resold at amazing rates after a bit of refurbishing.
Dubai is known as one of the fastest growing cities in the world. The emirate attracts business from all over the world and because of the city’s commercial vitality, multinational organizations from all around the world want to establish their offices in Dubai.
Minimum import duties in Dubai is one of the main reasons why regional and international entrepreneurs are interested in establishing their warehouses in Dubai. Because of lucrative business opportunities Dubai commercial lands are becoming more and more precious. Investment in Dubai Commercial lands generates great returns for investor because of their ever growing prices. Accommodation for labourers is one of the main concerns for all Dubai businesses because the UAE is heavily dependent on expatriates for workforce. Once a new company starts its business it has to establish labour houses in Dubai for the accommodation of its labourers.
The business of restaurants in Dubai is also very profitable. Indian, Pakistani, Arabian and continental foods are favorites in Dubai. People associated with the business are always looking for shops in Dubai to open new cafes and eateries. So if someone is really interested in investment in Dubai commercial property, he can buy shops in Dubai and resell them at profitable rates after sometime.
With the rapid increase in Dubai’s population, the demand for health facilities in the city is also growing. Many International Hospitals in Dubai are catering the city’s medical needs, but still more are required. As the demand for medical facilities in Dubai is continuously on the rise, there’s a growing lack of space for hospitals and clinics in Dubai. So investing in spaces for medical facilities can also bring the investors high returns in very short time.
Commercial Property in Dubai is available in different forms such as, office spaces, warehouses, labour houses, hospitals/clinics and hotels and restaurants. So you have options abound if you want to invest in Dubai commercial property.
Real estate experts believe that Dubai’s Commercial property will become very scarce in next couple of years as more and more businesses coming in Dubai are creating high demand. So it’s high time for people interested in investment in Dubai commercial property to buy properties for better future prospects.
The current property boom in Dubai has sent rental charges rising upwards since the year 2002, at an average 37% increase according to The Dubai Municipality. The higher cost of living, unregulated rental increases and average 1.5% salary increase in the private sector, according to a study done by GulfTalent.com, has put a lot of pressure on Dubai’s tenants. To alleviate some of that pressure, the Government of Dubai moved to impose a rental cap of 15% in October 2005.
Considering the rapid increase in Dubai’s population that has swelled from approximately 800,000 in the year 2000 to 1.3 million in 2006, where it stands today, there is a shortage of residential apartments and villas for rent. This excess demand over supply has led to higher rental charges because Dubai Property continues to be in short supply.
Despite the current shortage, the future of Dubai property remains extremely bright. Over the next three years an additional 84,000 accommodation units are expected to be ready for occupancy as new projects are completed. The addition of these properties is expected to help stabilize the marketplace for rents.
Investors who have put their Dubai properties out for rent yield an average of 8-9 percent on their property at the current market rate. Deemed a good investment, several new comers and existing residents in the city are seeing the benefits of buying their own accommodations, instead of renting.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.