It seems that era of lucrative investment in Dubai never stops. A large number of investors are still flowing money in and out of this seemingly unstoppable futuristic city. Also the projects launched recently in other Emirates have generated tremendous interest from the public and local authority to develop their own infrastructure and lifestyle for the growing tourism industry and business industry.Dubai has been a safe haven for many years for investors offering fantastic returns of 40% plus per annum and in recent years has attracted clients who have been trying to get on the investment ladder. As the residential property market in Dubai continues to mature, the demand has surpassed the supply in the past two years; it is hardly a surprise that Dubai properties prices are increasing so swiftly.Ajman, Abu Dhabi and Ras Al Khaimah are the Emirates who have succeed to continue the vision of Dubai.
The incentive is of course price, an apartment in Dubai will cost you three times more than an apartment in Ajman, a commercial space in Dubai will cost you all most the same in Abu Dhabi but the capital and payment plan are more convenient. Discussions of a casino in Ajman, the excitement to create a new Las Vegas in the UAE, will attract a flow of tourism in the region. Predictions are the hotel industry will explode in that emirate. Our recommendation is to invest in tourism (Hotels, Retail Shops etc…) these industries will continue to grow at a higher rate every year closer to the completion of the vision that is Dubai and many years after.With increase in Dubai population, the demand for property is also increasing with every passing day.
If the recent trends are anything to go by, the population of Dubai would be around 1.9 million by 2010. The population of Dubai at present is around 1.4 million and if it continues to increase in the same rate, there is a good chance that the demand for housing in Dubai would increase up to 45,000 to 50,000 new units annually.The best part of the Dubai real estate sector however is that Dubai government norms welcome all expatriate investors with great incentives to invest. Further the real estate sector of Dubai is extremely dynamic in itself. There are amazing opportunities for investors with great availability of freehold properties, mortgage opportunities on real estate etc in loads. Further migration of skilled labor from neighboring countries has added a good deal of re-assurance to the investors in Dubai.Also, there are a number of projects whether residential or commercial which their real estate investors can look into. Now it is on the investors of real estate in Dubai to decide whether he/she want to buy a property of make investments in Rent apartment in Dubai.
Dubai is becoming a multipurpose hub for the region, a transit destination for the Asian and South African economy, a platform of communication and a destination to shop or enjoy a holiday. The rulers of the Emirates have achieved their objective to put not only Dubai but the entire UAE on the map.