The Golden Opportunity of Investment in the Real Estate Sector of Dubai
The property market in Dubai is displaying great potential and considering this it would be a clever choice to own a property in Dubai. The price of Dubai land is on the rise because of the great tourist crowds and Dubai coming to be among the most popular dealing and holiday places on the planet. The rental prospects of a property in Dubai are quite good as well, with a steady progress that is becoming the major basis for many to look for real estate in Dubai.
Being among the fastest extending cities in the world Dubai has become a great alternative for investing money in the industry of developing houses. It is among the major holidaying sites for tourists from all around the globe, especially for those who feel that money is not a burden. This is the explanation for the increase in the industry of real estate in Dubai with key spots being hunted for hotel and resort development. If you are competent enough to pay money for real estate in Dubai you will be able to earn a lot of money.
One of the major subjects that now are a cause for concern is the extra pricing of real estate property in Dubai. This is because the construction industry has not been able to grow in as fast a rate as its demand shot up. Land in Dubai are being sought for ownership at a fast rate and later sold again at a big price tag topping the original price greatly making somewhat tricky to assess its true cost. Consequently it is a better choice to confer with experts in the field of property before you opt for a house in Dubai.
The existence of an imbalance between the villas and the high-rise apartments is due to a low price difference between villas and apartments and the requirement of high resources in terms of square meeter area for the construction of villa. Thus, the villa has become one of the most sought after property in Dubai, with high demand and low supply.
If you are looking to invest in villas then you can check out the Jumeirah Beach Residence area in Dubai. It is among the largest residential and commercial projects of the world with an investment of nearly 1.65 billion US Dollars. There are numerous hotel buildings in this region, which makes purchase of property in Jumeirah Beach Residence one of the best investments in real estate in Dubai. In terms of Gross Domestic Product, real estate market and property in Dubai has shown considerable improvement in the past few years and it seems that it grows further in the future.
Currently the amount of money made from rental fee is around 8 to 11% of the actual price of the acreage. Thus you can rightly propose that the real estate sector of Dubai has large hopes, you can with proper instruction from experienced and experts in the field of real estate in Dubai invest in high rising apartments. You can also venture out on your own your own study of the market about the land cost by going through various websites and thus decide on your perfect apartment investment.
Be wise enough to do a well researched background analysis about the estate that you are going to purchase in Dubai as more often than not due to the great demand there is always the probability of excessive price tags of real estate becomes a real reason for distress in Dubai. Whatever may be the case, renting out or reselling the property you can make a huge turnovers from your apartment in Dubai as as an expenditure on property for a long time because the value of these homes will surely increase in a couple of years. According to what researches done and thought upon by those in the field of economy claim the growing cost of properties in Dubai is can reach up to 15% as per every year.
Do ensure that you are buying Dubai property that have future growth potential. It is better to opt for Dubai real estate, which is in the developing area rather than the developed area. This is because, after development, the prices of the property will surely increase. Moreover, the chances that the real estate in the developed areas will be overpriced are high. You can easily opt for Dubai property through a loan. It is risk free because the rent that you are going to receive from your Dubai property will pay for the loan and give you a huge profit.
And the last thing you should know is how the worldwide economic depression influenced the cost of Dubai property. As most of you have expected the prices have dropped slightly. So the end of the third quarter of 2009 may be the right time to start purchasing property in Dubai with a normal price. - 23159
Being among the fastest extending cities in the world Dubai has become a great alternative for investing money in the industry of developing houses. It is among the major holidaying sites for tourists from all around the globe, especially for those who feel that money is not a burden. This is the explanation for the increase in the industry of real estate in Dubai with key spots being hunted for hotel and resort development. If you are competent enough to pay money for real estate in Dubai you will be able to earn a lot of money.
One of the major subjects that now are a cause for concern is the extra pricing of real estate property in Dubai. This is because the construction industry has not been able to grow in as fast a rate as its demand shot up. Land in Dubai are being sought for ownership at a fast rate and later sold again at a big price tag topping the original price greatly making somewhat tricky to assess its true cost. Consequently it is a better choice to confer with experts in the field of property before you opt for a house in Dubai.
The existence of an imbalance between the villas and the high-rise apartments is due to a low price difference between villas and apartments and the requirement of high resources in terms of square meeter area for the construction of villa. Thus, the villa has become one of the most sought after property in Dubai, with high demand and low supply.
If you are looking to invest in villas then you can check out the Jumeirah Beach Residence area in Dubai. It is among the largest residential and commercial projects of the world with an investment of nearly 1.65 billion US Dollars. There are numerous hotel buildings in this region, which makes purchase of property in Jumeirah Beach Residence one of the best investments in real estate in Dubai. In terms of Gross Domestic Product, real estate market and property in Dubai has shown considerable improvement in the past few years and it seems that it grows further in the future.
Currently the amount of money made from rental fee is around 8 to 11% of the actual price of the acreage. Thus you can rightly propose that the real estate sector of Dubai has large hopes, you can with proper instruction from experienced and experts in the field of real estate in Dubai invest in high rising apartments. You can also venture out on your own your own study of the market about the land cost by going through various websites and thus decide on your perfect apartment investment.
Be wise enough to do a well researched background analysis about the estate that you are going to purchase in Dubai as more often than not due to the great demand there is always the probability of excessive price tags of real estate becomes a real reason for distress in Dubai. Whatever may be the case, renting out or reselling the property you can make a huge turnovers from your apartment in Dubai as as an expenditure on property for a long time because the value of these homes will surely increase in a couple of years. According to what researches done and thought upon by those in the field of economy claim the growing cost of properties in Dubai is can reach up to 15% as per every year.
Do ensure that you are buying Dubai property that have future growth potential. It is better to opt for Dubai real estate, which is in the developing area rather than the developed area. This is because, after development, the prices of the property will surely increase. Moreover, the chances that the real estate in the developed areas will be overpriced are high. You can easily opt for Dubai property through a loan. It is risk free because the rent that you are going to receive from your Dubai property will pay for the loan and give you a huge profit.
And the last thing you should know is how the worldwide economic depression influenced the cost of Dubai property. As most of you have expected the prices have dropped slightly. So the end of the third quarter of 2009 may be the right time to start purchasing property in Dubai with a normal price. - 23159
About the Author:
Muhamed Whitesnow is a businessman hired by the Dubai Bulletin Board a free Dubai Classifieds listing adverts of Freehold Dubai Property for Sale and to Rent.
posted by X - Men @ 3:13 AM
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