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Why Dubai Property Market Is Booming



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span                            building costs have skyrocketed.  
class="cap">Dubai       Some market experts predict a     
is currently one of the top     slump or a correction to prices   
of the list for fastest growing       by a reverse trend sometime in    
cities worldwide and has a real       the near future. To date however  
estate market others are highly       there appears to be no slowing    
envious of. As a result everyday      down and demand way out exceeds   
new apartments, villas and luxury     supply. The fast profits being    
bungalows are entered onto the        made have lead to a worldwide     
market. Dubai is a free tax           awareness and a rush to invest    
haven, which has lead to many         and as a result there have also   
investors taking advantage of the     been dubious realtors and scams   
huge capital gains to be made in      being conducted.

              
property investments. An investor     

If you are considering buying  
can expect to make around 30          commercial properties in Dubai    
percent returns on their              then it is prudent to do your     
investment. Dubai has a solid and     research first. You cannot expect 
stable real estate market.            to just jump off a plane and find 
The huge returns being made from      yourself a profitable short-term  
Dubai property investments has        investment. Foreigners in         
pushed the prices up for locals       particular need to be wary and    
and expatriates wishing to either     get sound advice before even      
buy commercial or private             considering a purchase. As an     
property worry about being able       investor you cannot apply other   
to afford to live in Dubai the        market results to expectations of 
mortgage repayments are often         returns. To avoid being scammed   
significantly higher than rental      or sold over priced properties    
payments. Due to high demand and      then you really need to spend     
rapid growth particularly in          some time having a trusted person 
apartment and seaside dwellings       look over any prospective deals   



and comparing them to others in       many Dubai real estate and        
different regions. Never buy a        property projects which are       
property unseen.

                  coming up in various locations in 

Dubai’s government opened up       the city like The Walk, Jumeriah  
shop for those of any nationality     beach residence, Business bay,    
in may of 2002 this lead to an        The Executive Towers, The Villa,  
overnight boom in the real estate     and Bay Avenue. Dubai sure is the 
market there is however no            ideal place to invest in real     
guarantee that this will remain       estate and you will find          
the status quo. Dubai investment      different types of apartments     
bank, Emirates Financial Services     ranging from studio, to three     
(EFS) has launched a $20.4            bedroom apartments, villas and    
million (Dh75 million) real           luxury homes being built and put  
estate fund that will invest in       up on                             
profitable short-term                 sale.


opportunities in the UAE's            b>About the                       
surging property sector. EFS, a       Author
unit of Emirates Bank                 id="authorbio"                    
International, said the UAE Real      class="membersnoticewhite">Clifto 
Estate Arbitrage and Trading Fund     n Real Estate runs a site         
is managed by a unit of               dedicated to providing advise and 
Investment Boutique, a partner of     information for those wishing to  
Better Homes, the largest estate      learn or invest in the agency in the UAE.

                href="http://www.clifton-dubai.co 

Dubai as mentioned earlier has     m/">Dubai property or a tax free law which means that       href="http://www.clifton-dubai.co 
no taxes are imposed on people        m/">Dubai real estate         
who want to venture into Dubai        markets.

real estate. There are currently      iv>                               




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