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3 Characteristics of the Real-Estate Sector in Dubai

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Dubai is the largest city in the United Arab Emirates, as well as the most densely populated. It is a hub of business and commerce and is often thought of as the commercial gateway into the Middle East. It is one of the most industrially and economically developed cities in Asia. Iconic architecture such as the Burj Khalifa and the Emirates Towers is increasingly drawing tourists to Dubai. Over the past few years, Dubai has witnessed a massive influx of people who are visiting the city for jobs, investment opportunities, shopping and sightseeing. Dubai has something of interest for everyone, being the cosmopolitan metropolis that it is. Consequently, there is an ever-growing demand for comfortable accommodation and housing in the city, which has led to massive growth in Dubai’s real-estate sector. Real-Estate in Dubai There are many good reasons to buy a flat in Dubai , which is one of the major global cities of Asia and has myriad opportunities. Some of the unique characteristics of...
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Reasons to Invest in Real-Estate in Dubai

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What Makes Dubai Special? The biggest and most populous city of the United Arab Emirates (UAE), Dubai has emerged as a global business and commercial hub over the past few decades. Aside from that, it is also a major transportation center for passengers as well as cargo. While the city’s oil resources helped accelerate its initial development, less than 5% of its revenue today is dependent upon oil and Dubai has proved to be one of the early movers in the Middle East in reducing its dependence on petroleum by focusing on trade and technology. The early adoption of a Western-style business model allowed Dubai’s economy to flourish. Sectors such as real-estate, finance, tourism and aviation have now become the most important in the city’s economy, contributing the most to its revenue. Innovative and seminal construction projects like the Burj Khalifa have in recent years brought Dubai into the global limelight, with the city becoming famous for its iconic skyscrapers and high-rises....
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The Past, Present and the Future of Dubai Real Estate Market

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The real estate market in Dubai is on the rise, thanks to the ever increasing demand of properties here. There have been quite a lot of positive changes in the property sector of Dubai over the last few years. Year 2002- The period of change A boom development in the real estate sector was seen in the year 2002, as foreign ownership of the properties was allowed in all the freehold areas of the country. This was followed by the enactment of a law which made it mandatory for the escrow accounts for all those developers in Dubai who are selling off-plan real estate properties. The escrow accounts provided that extra security to buyers and this increased their confidence to invest more in Dubai real estate.  For the next few years, the property market in Dubai kept growing rapidly. The property prices were stable, and with the increase in transparency of the real estate laws and the protection provided to the investor’s rights, real estate values began to peak. These were fe...
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What are the Benefits of Purchasing an Apartment along the Dubai Water Canal?

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Residential properties along the Dubai Water Canal are highly sought after and popular with investors in the region. The Dubai Water Canal was inaugurated on October 9, 2016 and since then the water front has become a major commercial and business hub. With the building of roads and bridges across the Canal travelling has become easier and subsequently, it has helped in the development of business parks, shopping complexes and luxury residential properties around the canal. If you are thinking about investing in residential properties in Dubai, then you can definitely consider purchasing apartments, quad homes or water front villas along the Dubai Water Canal. Other than being a lucrative financial investment, purchasing apartments along the Dubai Water Canal can prove to be beneficial otherwise as well. Some of the benefits of purchasing a luxury apartment along the Dubai Water Canal have been discussed in the following section. Advantages of Purchasing Apartment along the Dubai...
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Why Should One Consider Investing in Dubai?

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Dubai has become one of the most popular destinations for both financial as well as real estate investment. The government of Dubai has invested a lot of money in building state-of-the-art infrastructure in the city. Owing to the above factors and many other facilities, people from various nationalities and socio-economic backgrounds are trying to settle in Dubai. So, if you too are toying with the idea of buying property in Dubai and have already started meeting developers in Dubai to find a good deal, the discussion below will further give you the confidence to hasten your search.  There are a number of leading multinational companies who have their offices in Dubai, so there is no dearth of employment here. And, when people have work, their purchasing power will also be on the higher side.  So, your property, commercial or residential will always do well. Since, many foreign nationals visit Dubai to spend their vacation, if you buy a villa overlooking a beac...
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