A general overview
With year round sunshine, relatively cheap living costs and tax free salaries, it's no wonder more and more people are looking to invest in Dubai. The lifestyle here is like no other; the finest hotels the world has to offer are spread out across the city, restaurants and bars are plentiful and with extremely low crime rates, Dubai is safer than your average cosmopolitan city. These factors have combined to make Dubai an appealing place to visit for tourists and a great location to live permanently. The latter has been a significant influence on the introduction of property legislation, as it was previously impossible to live here permanently if you were not a GCC national. With the creation of companies such as Emaar, Nakheel, Dubai holding and other developers following on afterwards, the reality is that expats are now able to make life in Dubai a constant fixture.
While an extravagant lifestyle is the norm for many Dubai residents, Dubai properties have not been limited to the luxury end of the market. A variety of developments are available that specifically cater to the low-budget market, or as potential holiday homes to the frequent visitor. The vast majority of properties offer an extensive range of amenities within the area, and the most popular large scale projects will feature state of the art entertainment, leisure facilities and more hotels of course.
The major drawback to life in Dubai is most often cited to be the spiraling costs of rental accommodation. The continuing popularity of the Emirate has driven prices up, even though they are still reasonable from an international standpoint, yet accommodation has suffered the worst. This has made Dubai leasing property less attractive and led to further demand to buy property in dubai .
There are numerous ambitious projects such as the Burj Dubai tower or the Palm Dubai that aim to offer even more to the rich lifestyle of the city. For those that can handle the few drawbacks of economic growth, Dubai will continue to offer a quality of life that surpasses many countries.
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