Your property guide
With so much development taking place in Dubai and so many freehold properties available, it's easy to get overwhelmed! This blog is designed to offer a multitude of information on property in Dubai, as well as the latest news on the ever expanding freehold market.
Find all the necessary information on Dubai leasing property, selling Dubai property, buying Dubai property and Dubai property investment in general. Mortgages, finance, market trends and recent property legislation are all important issues facing investors today so staying up to date with all the facts will keep you ahead of the game.
With the property development value of the United Arab Emirates running into several hundred billion dollars, the scope and value of freehold properties in Dubai especially is still on the rise. Dubai property investment has been a major source of interest since the introduction
of freehold property rights in 2002 and with the addition of the property law in 2006 which allows freehold title on properties, is set to see a renewed surge in interest.
Issues on attaining finance for freehold properties have also become much debated. Previously, only financiers in association with flagship developers Emaar and Nahkeel were authorized to provide mortgages to property investors. Now the market has opened up to allow numerous, more familiar banks to offer financing and loan options to investors that include competitive interest rates and Shariah
compliant alternatives.
With such an expansive array of property developments being undertaken, several key ventures stand out above the rest. These are Burj Dubai tower, The Palm Dubai, The World island Dubai and the Palm Jebel Ali. High levels of interest have seen property prices rise exponentially over the past few years, even before the property has been completed. However, with so much property available on the market, there has also been a great deal of speculation about the future of not only the Dubai property market, but also the rest of the Emirates that are jumping on the bandwagon of late. Only time will really tell the true implications of investing in Dubai real estate and other Emirates, both long-term and short-term.
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