Buying Property in Dubai - 11 Reasons to Buy in Dubai By Nicholas Marr Sep 5, 2005, 01:48

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Just Give Me Eleven Reasons to Buy in Dubai

Buying overseas property is not always for the fainthearted but we think Dubai is an exception to this. Here are eleven reasons to buy in Dubai:

1. Property prices look cheap by International standards, and rental yields are still high in Dubai.

2. Rental Market: Long-term residents of U.A.E. are considering buying to replace rental payments and to take advantage of the ever increasing market demand for property in Dubai.

3. Future Development: There is a big change in the city's geography underway with huge plans for the future. What is the fringe of Dubai today, the Dubai Marina, will be uptown Dubai of tomorrow. Thus property values will follow this curve upwards, as people relocate to the new "Centre".

4. Good Prices: Comparatively property is cheap compared to other major cities in the World. Dubai villas cost around $1,000 per square metre. London on the other hand are selling apartments in London Docklands area at $5,000 per square metre an amazing difference.

5. Prime Locations: Oversupply is the main fear highlighted by skeptics. But there can only be so many properties in prime locations and the time to buy them is now. Most projects are now fetching three times their original price.

6. Freehold Laws: Legally, there is no law to prevent freehold purchase in Dubai, and a new federal law should shortly frame legal rights into a form acceptable to international banks for mortgages this will push demand and prices up even higher than they are now.

7. Demand for freehold property in Dubai is much higher than most people can comprehend and understand. Certainly an economy growing at 10% plus a year has a dynamic effect of its own that reflects a huge demand for accommodation.

8. Sound Market: Any property market is going to have its ups and downs, and Dubai will be no different. All the same, Dubai has a habit of frustrating those who wait for bargains. In 1998 some thought rental prices would collapse. It did not happen they are still on the up as is Abu Dhabi.

9. Dubai wants you: Dubai is in the process of creating an international property market from scratch. As a result buyers are being given an exceptionally good deal to encourage them to be the pioneers of this market with very low deposits.

10. Resale Market: As the second-hand market emerges and the legal position of owners becomes absolutely clear, the element of risk will go, and lower risk will mean higher property prices.

11. Economic Growth: Dubai is a city where a lot of people earn high tax-free salaries and are in a position to support higher house prices. This is a city with a 20-year track record of strong economic growth and will continue to attract foreign and regional inward investment for many years to come.

So why not buy in Dubai - it could be the best thing you ever did!

Nicholas Marr
Director of Marr International Ltd a property marketing compnay based in London UK.
Marr International selling property on behalf of private sellers and estate agents worldwide - http://www.homesgofast.com/dubai/

Need information on Dubai Freehold Properties? here are links worth a click!
 

• Nakheel: The Landmark of Property Developments in Dubai - Dubai Freehold Properties - Nakheel LLC is the uniquely focused property development company behind a variety of new landmark developments in Dubai. Its goal is to ultimately implement unique, iconic and genuine real estate propert in Dubai that have been created after detailed planning and research.

• Emaar Properties - Dubai Freehold Properties - All the information you need about the Emaar Properties. Listing of all Emaar key property projects in Dubai.

• Dubai Festival City - Dubai Freehold Properties - Dubai Festival City is a unique Festival Centre'mixed-use real estate project being developed in Dubai, United Arab Emirates. Spanning approximately 1,600 acres, the project is set to transform the shopping, living, leisure and working lifestyles in Dubai. When completed, upwards of 75,000 people will live, work and play within the development.

• The Lost City - Dubai Freehold Properties - Nakheel announces the launch of The Lost City. A Unique property development to offer investors a chance to own a piece of the old “Lost Cities” of the world in Dubai.

• Nakheel Falcon Tower at Jumeirah Lake Towers - Dubai Freehold Properties - Nakheel, the Middle East region’s premiere property developer has announced the launch of ‘Nakheel Falcon Tower’, an exclusive high-rise residential waterfront development at Jumeirah Lake Towers. The Nakheel Falcon Tower’s one, two and three bedroom apartments totalling 208 units will go on sale from tomorrow (Wednesday, September 29, 2004).

• Nakheel Flamingo at Jumeirah Lake Towers - Dubai Freehold Properties - Nakheel Flamingo will be a spectacular addition to the other Nakheel owned properties in Jumeirah Lake Towers development with 254- one, two and three bedroom apartments giving investors an unparalleled lifestyle in the trendiest district of Dubai, Jumeirah.

• Damac Park Towers at DIFC - Dubai Freehold Properties - Damac Park Towers at DIFC - A two tower residential project in the heart of (Dubai International Financial Centre) DIFC with freehold facility for UAE nationals and expatriates.

• DAMAC Lake View - Dubai Freehold Properties - DAMAC Lake View is an exclusive 40-storey waterfront residential property at Jumeirah Lake Towers, offering freehold property to all nationalities.

• DAMAC Palm Springs - Dubai Freehold Properties - Palm Springs - Freehold Apartments with 100% ownership in Dubai. The project will comprise a diverse range of commercial, business, retail, leisure, parking and lifestyle facilities, providing an outstanding home that offers the quality and services of a world-class hotel - a resort destination in its own right.

• DAMAC Lake Terrace - Dubai Freehold Properties - DAMAC Lake Terrace - Lake Terrace is situated in close proximity to some of Dubai's landmark sporting, leisure and recreational facilities.

• Damac Palm Terrace - Dubai Freehold Properties - Damac Palm Terrace - Dubai's Damac Group is to develop a 12-storey, 130-apartment residential tower on The Palm, Jumeirah, Dubai. The USD50m Palm Terrace will be on the trunk of the world's largest man-made island, The Palm Jumeirah.

• DAMAC: The Waves - Dubai Freehold Properties - DAMAC: The Waves - DAMAC presents The Waves, a 600,000 square foot, two-tower residential real estate project on the Dubai Marina with freehold property for UAE nationals and expatriates.

• DAMAC Marina Terrace - Dubai Freehold Properties - DAMAC Marina Terrace - Marina Terrace, DAMAC’s first luxury property development in Dubai. Every apartment is designed to maximize the panoramic views from Dubai Marina's finest waterfront location. As a resident of Marina Terrace you will have the privilege of having only the finest of leisure offered to you.

• The World - Dubai Freehold Properties - The World. The World is Nakheel’s $3 billion project, which has recently seen Eurasian and North American islands reclaimed from a depth of -16 m below the water’s surface. Nakheel Corporation unveiled the concept plans to construct another offshore island development just off the coast of Dubai.

• The Palm Jumeirah - Dubai Freehold Properties - The Palm Jumeirah. The Palm Jumeirah is a man-made island being developed off the shores of Dubai in the United Arab Emirates, covers an area of 7 million square meters and extends 6.5 kilometres into the Arabian Gulf.

• Atlantis, The Palm in Dubai - Dubai Freehold Properties - Atlantis, The Palm in Dubai. Atlantis, The Palm will be located at the center of The Palm, Jumeirah, a $1.5 billion land reclamation project in Dubai, United Arab Emirates.

• The Palm, Jebel Ali - Dubai Freehold Properties - The Palm Jebel Ali is an entertainment destination for both adults and children, which caters to both residents and tourists. The island will also be 50% larger than The Palm Jumeirah, and will include six marinas, a 'Sea Village', a water theme park and water homes built on stilts between the fronds and the crescent.

• Nakheel: Jumeirah Islands - Dubai Freehold Properties - Jumeirah Islands. Jumeirah Islands - An exciting new residential property edevelopment in Dubai comprising of a self-contained community of 50 man-made islands shaped in Dubai and designed on 300 hectares of land. Crystal waterfalls, lush parks, walkway bridges, marinas and boathouses will enhance this residential community.

• International City - Unique property development - Dubai Freehold Properties - International City - Unique and iconic property development in Dubai.

• Nakheel: Dubai International City - Dubai Freehold Properties - Nakheel: Dubai International City. The International City project which was launched in November 2003 is yet another ambitious and practical project by Nakheel. The 800-hectare development is divided into six main areas, incorporating residential, commercial and retail buildings. Being developed as a world-class hub for international investors, traders and retailers in the Al Warsan area, just 12km from Dubai International Airport, International City will provide excellent business opportunities, superb tourist attractions and a variety of residential options with different country themes.

• Nakheel: Discovery Gardens - Dubai Freehold Properties - Nakheel: Discovery Gardens. Discovery Gardens is Nakheel's new residential concept and is situated at a new interchange along Sheikh Zayed Road located between interchanges five and six. The 420,000 square meter development is a pre-designed complex comprising of six themed communities styled in a variety of garden experiences. The development encompasses the area between Sheikh Zayed Road and Emirates Road. And as with all Nakheel properties, Discovery Gardens will be a self-contained unit with shopping amenities, a mosque, jogging and cycling trails, community swimming pools, football and tennis courts and close proximity to the new Gardens Shopping Mall.

• Jumeirah Lake Towers - Dubai Freehold Properties - Nakheel - Jumeirah Lake Towers. Jumeirah Lake Towers – A series of attractive Dubai residences, offices and retail outlets set in the midst of man-made lakes, waterways and beautifully manicured landscaping. Comprising of 15 clusters of three towers each, every tower is unique not just in the number of storeys, but in concept, design and feel representing the epitome of ultra-modern property development by Nakheel.

• The Garden View Villas - Dubai Freehold Properties - Nakheel - The Garden View Villas: Garden View Villas are free hold properties available for UAE nationals and expatriates. The villas are distinctive, built on gentle slopes on a hillside rising 60 meters from the ground providing a view of the sea and the desert. The Pan Arab architectural design forms and imposing visual backdrop to The Gardens.

• Emaar's Real Estate Projects - Dubai Freehold Properties - Emaar's Real Estate Projects. Listing of Emaar's real estate projects in Dubai.

• Burj Dubai - Dubai Freehold Properties - Emaar Properties - Burj Dubai. Dubai has unveiled plans for the world’s tallest building, the latest in the rush to aim for the altitude title. EMAAR Properties, the leading real-estate development company in the region, has released an artist’s impressions of the tower which is to be built at a location close to the prestigious Sheikh Zayed Road.

• The Emaar Towers - Dubai Freehold Properties - The Emaar Towers. Emaar Towers are the first freehold residential apartments in downtown Dubai.

• Emaar Arabian Ranches - Emaar Arabian Ranches. Arabian Ranches situated on the Emirates Road, stems from His Highness Sheikh Mohammed bin Rashid Al Maktoum's love of horses. Dubai's Crown Prince pledged his support with the donation of 200 of Arabia's finest horses.

• Emaar Emirates Living - Dubai Freehold Properties - Emaar Emirates Living. Emirates Living is a collection of Emaar neighbourhoods that stand for premier location and quality in Dubai.

• Emaar: Hattan - Emaar Properties: Hattan. Hattan offers outstanding luxury and executive homes in one of Dubai's most enviable locations. Situated alongside the renowned Emirates Golf Club, these single-family detached homes are among the most sought-after in Dubai, both in spaciousness and comfort.

• Emaar: The Greens - Dubai Freehold Properties - Emaar: The Greens. The Greens are residential apartments designed to provide more affordable housing options in Dubai. The Greens at Emirates Golf Course is well located, giving easy access to Dubai Internet City, Dubai Media City and the American University of Dubai.

• Emaar: The Springs - Dubai Freehold Properties - Emaar: The Springs. The Springs is an exclusive, gated community of elegant town houses surrounded by scenic waterways and lush landscaping. The Springs is in close proximity to Five Star beach hotels, Dubai Marina, the American university, Dubai Internet City and Media city.

• Emaar: The Lakes - Dubai Freehold Properties - Emaar: The Lakes. The Lakes offer beautiful homes for families of all sizes. Tranquil and scenic with waterways, parks and landscaped greenery, the Lakes set the tone for expatriate living in Dubai.

• Emaar: The Meadows - Dubai Freehold Properties - Emaar: The Meadows. This development is Emaar's premium villa project after Emirates Hills. The luxurious two-storey homes have proved particularly attractive to Dubai's young professionals. Luxury comes as standard in these communities with 24-hour security. Further phases of Meadows will be delivered in 2004-05. Prices start at less than AED1 million.

• Emaar: Emirates Hills - Dubai Freehold Properties - Emaar: Emirates Hills. Emirates Hills was originally established as the “Beverly Hills” of Dubai. Opulent villas, tranquil scenery, lakes and the world class Montgomerie Golf Course define this cosmopolitan community.

• Emaar: Street Of Dreams - Dubai Freehold Properties - Emaar: Street Of Dreams. Emaar’s Street of Dreams consists of nine distinct model homes displaying examples of villas from The Springs, The Meadows and Hattan. Being fully furnished and equipped, the project gives prospective buyers an impression of living within one of the communities’ homes.

• Emaar: Dubai Marina - Dubai Freehold Properties - Emaar: Dubai Marina. Dubai Marina is amongst the world's largest master planned waterfront development of its kind. Dubai Marina introduced the concept of pre-sold property to the United Arab Emirates, and elicited a strong response from both UAE nationals anxious to buy exclusive waterfront property, and expatriates seeking watertight investments.