Dubai property

ADVERTISEMENT FEATURE

Dubai property: a wise investment

Dubai is an emirate, one of the seven in the United Arab Emirates. In recent years there has been significant growth in the region, resulting in an influx of visitors and residents. As well as creating growth in population and employment rates, this has also contributed to a large rise in the Dubai property market.

The sun-kissed, glamorous location has a burgeoning reputation as a haven for the jet set, and this has created unparalleled opportunities for investment. In areas such as Mina Seyahi and Jumeirah, the skyline changes almost weekly.

It’s easy to see why the area has attracted so many newcomers: as well as having a climate most of us can only dream of, Dubai has a high standard of living and a low crime rate. Add in the not inconsiderable benefit of little or no income tax, and it all makes for a very viable destination.

The oil-rich emirate boasts huge shopping malls, theme parks, restaurants and hotels. The burgeoning tourist trade has also led to an increase in the property market. Echoing the Florida boom in the 1980s and 1990s, Dubai has been a more than attractive magnet for property investors.

House and apartment prices in Dubai are a fraction of their equivalent in London, and many choose to buy homes and rent them out to migrant workers. Returns on Dubai property are excellent, with the result that investors are queuing up to benefit from this relatively new market.

Dubai property - http://www.landmark-dubai.com/hot_properties.php