The Government of Dubai has always been on the favor side to the private sector and as an outcome foreign direct investment boomed in Dubai with mega projects developing the state tremendously. This flourishing economy inbuilt with futuristic infrastructure and high standard living is incomparable to almost anywhere else in the world. Although certain regions in the Middle East are disgracefully unstable, Dubai has been a prosperous and well-respected tourist location for decades and thus earned the nickname "Pearl of the Gulf". The Emirates have expanded its current focus on trade and re-export activity to reposition itself as the provincial focal point for finance, tourism and technology.
Dubai property investment is undoubtedly attracting much interest from investors around the world as the market continues to develop to increase inline with the huge investment into other market sectors too. With a ‘go ahead’ sign from the government, increasing population and large crowd of tourists, capital gains and income yields are much higher than most other international property markets. Personal, corporate or sales tax is never heard of in this state and that’s why it is easy to see why Dubai property investment is so popular.
The beneficiaries from the liberalization of property laws in Dubai include even the foreigners that they benefit from a resident visa if a property is purchased in Dubai. Mortgage financing is also becoming more common for a period of 10 to 15-year.
Ever since the launch of the freehold properties to overseas investors, the Property prices have increased over the years. Again, recent analysis proposes that the demand for property is likely to increase in the forthcoming years which itself is good news for the investors.
With no personal corporate or sales taxes, foreign direct investment has expanded strongly and mega projects have become synonymous with Dubai's development.
The thriving economy of Dubai, the state-of-the-art infrastructure and standards of living that are unsurpassed almost anywhere else in the world, have earned Dubai the name "Pearl of the Gulf".
Dubai has been a prosperous and well-respected tourist location for decades. The Emirate seeks to reposition itself as a regional hub for finance, tourism and technology by widening its present focus on trade and re-export activity.
The Dubai property market is booming and is set to continue to do so over the next decade. Dubai has taken steps to scrap its protective property laws and is positioning itself as a holiday home destination, which also offers plenty of property investment opportunities.
Reflections can be seen through recently built or proposed massive projects such as Dubai Marina, Emirates Hills, Palm Islands and many more.
Developers are busy reclaiming vast swaths of desert to build leisure and residential property havens. British expatriates, Saudi Arabians, Iranians and Indians have already been rapidly purchasing properties in these new areas.
The city is undergoing constant transformation as the new developments dotting the skyline testify. In particular, the Dubai Marina on the Arabian Gulf is testament to the changing face of the city. Three years ago it was sand but today over a hundred tower blocks huddle around the vast artificial lake and retail spaces.