Dubai property investment
Dubai is quite a brilliant place to invest in property business because of top quality infrastructure and no corporate or income tax. Taking this into consideration, there is hardly a surprise that Dubai offers investors with an all-together different and detailed value added platform, making it ideal for investment.
Commercial Property Investment
It 's a well-known fact that Dubai has a pretty limited commercial investment property. Because of this, investors and various investment experts are now considering commercial property in Dubai as sound investments. And that is where investment in property business is going to pay a rich dividend in years to come.
Capital Bay at Business Bay Dubai
In terms of where to invest in property business, Capital Bay in Dubai is a good place to start. Theoretically speaking, it is quite a brilliant project bound to be a great hit among investors. Capital Bay consists of two 19-storey towers, designed in such a way that they complement each other pretty well. It also features state-of-the-art office spaces in addition to retail and recreational facilities.
Dubai Marina Star-
If you want to invest in tried and tested then opt for Dubai Marina Star. No doubt, waterfront properties have always been the favorite hunting ground of the world's elite and same applies to Dubai Marina Star. If experts are to be believed, Dubai Marina Star is one of the world's biggest and best planned waterfront developments.
Majestic blend of beauty-
The best part about Dubai Marina Star is that it gives a majestic blend of beauty and luxury living. Even better, it is situated in a prime location. Feature wise, Dubai Marina Star is a ground plus 24-storey residential tower equipped with all the modern facilities.
As already mentioned, Dubai Marina Star is planned in such a way that every apartment is guaranteed the mind-blowing views of Ocean, Marina and Park. In addition, each apartment at Dubai Marina Star demonstrates top-notch standards and the ideal use of space. You will definitely cherish the wide array of beaches, bars and number of sports activities in Dubai Marina Star.
Why to invest in Real Estate Properties of Dubai
The main reason why it is advisable to invest in real estate properties of Dubai is the fact that property in Dubai is economical on an International level. At this point of time, an average villa in Dubai will cost around $1,000 per square metre, which is quite low as compared to the villa in London Docklands where it would cost $5,000 per square metre. As you can clearly see from the comparison, there are only few modern cities in the world where top-quality property is priced so low. Dubai is one of those cities.
International property market-
If real estate experts are to be believed, authorities in Dubai are working overtime to come up with an international property market from scratch, with foreign ownership of freehold already being introduced last year. In other word, one can safely say that the buyers are given an absolute brilliant deal to motivate them to be pioneers.
Supply shortage-
Another important reason, which clearly emphasizes that one must invest in Dubai real estate is the fact that the government of Dubai is working hard to prevent a shortage of supply and is willing to offer land to developers as an incentive. Point to be noted here is that what at the moment looking like a big supply in Dubai may be nothing compared with demand in two or three years time. After all, Dubai is growing its GDP at the staggering rate of 7-8% annually and there are no sign of this trend slowing up either.
Increasing building costs
There is no doubt that a fundamental influence on property prices is increasing building costs. It is worthwhile remembering that the low US dollar is pushing up the cost of materials from Europe, which is pushing energy prices to its peak. As you may be aware, Dubai is a city where a large chunk of people earns high tax-free salaries, these people are more than willing to support higher house prices. All in all, one can safely say that Dubai, a city with a 20-year track record of strong economic growth will continue to attract foreign and regional inward investment in the years to come.
Dubai Real Estate Investment Forecast for 2007
The future prospect of real estate market of Dubai is quite good for 2007 and beyond. This is because of the fact that there is pretty intense and increasing demand for real estate in Dubai with around 5,000 new families shifting their base to Dubai every month. That is where, supply cannot keep up with demand, which in turn increases rental rates charged and of course the underlying value of completed resale properties.
Rental rates increasing-The pivotal factor here is that each and every individual, couple or family arriving in Dubai needs decent enough accommodation at the locality, which is near free trade zones, shopping malls, business areas and airport. Due to this demand, rental rates and property prices in Dubai is increasing.
New projects on hold-
Real estate prices in Dubai are also increasing because of severe construction delays. There is also tremendous shortage of construction workers in Dubai and with prices of building materials also increasing appreciably ; lots of new projects are on hold. Initial signs are that supply is not about to flow into the market in the near future and therefore the profitability of the completed stock is bound to increase.
Good location-
Recent study has come to the conclusion that real estate investors who are interested in good performing property assets in Dubai require to purchase completed stock in a good location. By good location, one means the kind of location, which is not feeling the brunt of commuting issues. You may have heard in various newspapers and websites that commuting is fast becoming quite a serious issue in Dubai. If you manage to come up with a good location, then only real estate investors can be assured of brilliant returns this year and beyond.
Dubais off plan real estate prospects
It has come into the notice that investors have been making brilliant profits from buying properties off plan in Dubai. If experts are to be believed, investors are just paying a deposit before flipping the incomplete units back onto a market where there is lots of demand for such kind of property stock.
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