The properties sector in Dubai is displaying great prospects and now it would be a clever choice to own a Dubai property. The value of real estate is uphill and the reason is the great tourist crowds and Dubai becoming amidst the most popular commercial and tourist places on the planet. The renting possibilities of a studio in Dubai are quite good as well, with a firm improvement that is becoming the important grounds for a number of people to obtain real estate in Dubai.
Being one of the fastest growing cities on the globe Dubai has become a great option for investment in real estate. It is one of the prime holidaying destinations for tourists from all around the world with money being not an issue at all. This is the reason for the boom on Dubai real estate market with prime locations being sought after for hotel and resort construction. If you are able to invest in Dubai properties, you will be able to reap its potential.
The huge demand of prime locations for probable hotel or high priced residential property construction has led to the overpricing of real estate. People are buying up Dubai properties fast and since for most, prices are not an issue with rich clients and celebrities owning their dream property in Dubai the rent and reselling value of properties has shot through the roof. Consequently, before you do invest in properties in Dubai, do consult experienced real estate evaluators and other professionals regarding the true value of a property.
There is a enormous disharmony when it comes to the comparison between the availability of villas and flats in Dubai. The Dubai real estate infrastructure has not been able to meet up to the demand of the number of villas in comparison to the availability of the apartments. The square meeter area and the facilities are the main reason why construction firms are more attracted by high towers with flats rather than the villas.
If you are looking to invest in villas then you can check out the Jumeirah Beach Residence region in Dubai. It is within the largest residential and commercial projects of the world with a capital of about 1.55 billion US Dollars. There are numerous hotels in this region, which makes investment in JBR one of the smartest investments in Dubai property. In terms of Gross Domestic Product, real estate market in Dubai has shown real improvement in the past few years and it seems that it grows further in the future.
Currently the income they generate from hiring fee is roughly 8 to 12% of the value of the acreage. Indeed you can absolutely state that the real estate sector of Dubai has large hopes, you can with proper instruction from experienced and experts in the field of realty in Dubai invest in skyscraper apartments. You can also try holding your own your own study of the market about the estate prices by browsing through the internet and thus make a wise decision on the house you need.
Make sure that you do a good background research about the property that you are going to buy in Dubai as sometimes due to the high demand the chances of overpricing of property becomes a major issue in Dubai. However, rent or resell, you can make a good profit from your properties in Dubai as a long-term investment because the prices of these properties will surely raise in the next few years. According to market analysis and survey by economists, the growth percentage of houses in Dubai is estimated at eleven percents annual rate.
Make sure that the area in which you are buying your property in Dubai has growth potential. The value will surely rise for a building or apartment if it is near a shopping mall, hotel or resort. The real estate sector of Dubai is a wise option now for investment. Even if you are buying the property with the help of a loan, the rent that you are going to receive for your Dubai real estate will pay for it quite conveniently, and before you know it, you will be making a huge profit from your property.
A final note on how the worldwide financial depression influenced the cost of Dubai property. As most of you have expected the prices have dropped dramatically. So the end of the third quarter of 2009 may be considered as the right time for purchasing real estate assets in Dubai with a normal price.
Being one of the fastest growing cities on the globe Dubai has become a great option for investment in real estate. It is one of the prime holidaying destinations for tourists from all around the world with money being not an issue at all. This is the reason for the boom on Dubai real estate market with prime locations being sought after for hotel and resort construction. If you are able to invest in Dubai properties, you will be able to reap its potential.
The huge demand of prime locations for probable hotel or high priced residential property construction has led to the overpricing of real estate. People are buying up Dubai properties fast and since for most, prices are not an issue with rich clients and celebrities owning their dream property in Dubai the rent and reselling value of properties has shot through the roof. Consequently, before you do invest in properties in Dubai, do consult experienced real estate evaluators and other professionals regarding the true value of a property.
There is a enormous disharmony when it comes to the comparison between the availability of villas and flats in Dubai. The Dubai real estate infrastructure has not been able to meet up to the demand of the number of villas in comparison to the availability of the apartments. The square meeter area and the facilities are the main reason why construction firms are more attracted by high towers with flats rather than the villas.
If you are looking to invest in villas then you can check out the Jumeirah Beach Residence region in Dubai. It is within the largest residential and commercial projects of the world with a capital of about 1.55 billion US Dollars. There are numerous hotels in this region, which makes investment in JBR one of the smartest investments in Dubai property. In terms of Gross Domestic Product, real estate market in Dubai has shown real improvement in the past few years and it seems that it grows further in the future.
Currently the income they generate from hiring fee is roughly 8 to 12% of the value of the acreage. Indeed you can absolutely state that the real estate sector of Dubai has large hopes, you can with proper instruction from experienced and experts in the field of realty in Dubai invest in skyscraper apartments. You can also try holding your own your own study of the market about the estate prices by browsing through the internet and thus make a wise decision on the house you need.
Make sure that you do a good background research about the property that you are going to buy in Dubai as sometimes due to the high demand the chances of overpricing of property becomes a major issue in Dubai. However, rent or resell, you can make a good profit from your properties in Dubai as a long-term investment because the prices of these properties will surely raise in the next few years. According to market analysis and survey by economists, the growth percentage of houses in Dubai is estimated at eleven percents annual rate.
Make sure that the area in which you are buying your property in Dubai has growth potential. The value will surely rise for a building or apartment if it is near a shopping mall, hotel or resort. The real estate sector of Dubai is a wise option now for investment. Even if you are buying the property with the help of a loan, the rent that you are going to receive for your Dubai real estate will pay for it quite conveniently, and before you know it, you will be making a huge profit from your property.
A final note on how the worldwide financial depression influenced the cost of Dubai property. As most of you have expected the prices have dropped dramatically. So the end of the third quarter of 2009 may be considered as the right time for purchasing real estate assets in Dubai with a normal price.
About the Author:
Muhamed Whitesnow is a businessman working for Dubai Bulletin Board a Dubai Classifieds featuring listings of Freehold Dubai Property for Sale and to Rent.
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