Category: Finance, Real Estate.
Dubai is among the leading choices for people who wish to invest in foreign Real Estate. The UAE is only 6 hours flight time away from Germany.
The most progressive of the 7 parts that make the United Arab Emirates offers excellent investment opportunities. A short trip and you are in a land of sun and progress. No other place in the world has the sort of Real Estate market similar to Dubai. Dubai is a place with an economic growth rate of 6- 8% , a 50% budget surplus, modern infrastructure, excellent architecture, and a booming Real Estate and construction industry. A lot of the property is still in the form of plans on paper but already the sale and purchase of these properties is good business. People are making money from property in Dubai that is just land with nothing on it. There are numerous properties that have already seen many owners despite the fact that construction has not even started.
Because of factors like these Dubai has become the best place for investing in foreign Real Estate. It is a remarkable sight to behold in the middle of the desert. You just have to take a look at the Dubai skyline and realize why so many people are excited about property there. Dubai offers some of the highest standards of living when compared to any other part of the world and this only spurs on the Real Estate market growth. Because of the great business infrastructure it has also gained a good corporate presence that has lead to excellent employment opportunities. Dubai is a place that is also centrally located in the Middle East making it a convenient location for business meetings among surrounding countries. This results in an even stronger economy because of the companies and jobs.
There are many skyscrapers that are scheduled to open over the next 4 years. Dubai is among the fastest growing places in the world. Because of the highest construction rate in the world and the growing economy there are many people that are increasingly looking to Dubai as their preferred location for foreign Real Estate investment. It is only as far as back 2002 that foreigners were allowed to own freehold property in Dubai. Despite the fact that it has so much going for it you should remember that the Dubai market is quite young. Before which only citizens could own property in Dubai, everyone else had to stay on rent.
Everywhere else you can only get a 99- year leasehold that is the closest you can come to ownership. Even today ownership is allowed only in the freehold areas. The good news is that because of the excellent response to freehold property ownership in Dubai other emirates like Sharjah, and Ajman are, Ras Al Khaimah also allowing foreigners to own Real Estate. Note that a residence does not entitle anyone to work in the UAE. Anyone who buys property anywhere in the United Arab Emirates is automatically granted a residence permit too.
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In Fact, The Market For Real Estate Online Investing Could Be Better - Jackie Leleux's Finance and Real Estate blog:Gone are those days of book keeping and note pads, everything that use to be monitored on paper is been looked in online today.