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Dubai is one of the seven emirates and most populous
city of the United Arab Emirates (UAE) where a large
percentage of the population comprises of expatriates.
Thus, it is a rapidly growing cosmopolitan city with a
diverse and multicultural society.
The
government’s decision to diversify from a trade-based,
but oil-reliant, economy to one that is service and
tourism-oriented has made real estate more valuable.
Large scale real estate development projects have led to
the construction of some of the tallest skyscrapers and
largest projects in the world such as the Emirates
Towers, the Burj Dubai, the Palm Islands and the world’s
tallest and most expensive hotel, the Burj Al Arab. |
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Why
Invest in Dubai
New
Market Real Estate has a wide selection of properties in
Dubai and throughout the UAE. Either for off-plan or
resale, from studio apartments to luxurious ocean side
villas, from commercial offices and retails spaces to
land plots, we offer the finest estates that property
consultants can present.
At
the launch of each new project, New Market Real Estate
is able to provide prices and detailed information of
the properties which currently a majority of which
comprises of new residential estates.
The
secondary residential market is also now taking shape.
Already, there is a large and active real estate sector
handling private property sales, as well as completed
projects. It is possible to transfer an under
construction property between owners, and there is a
flourishing market for those who which to take earlier
occupancy.
So
far, the level of demand for residential properties has
resulted in a very respectable rise in its value on the
market. However, always remember that properties should
be considered as a medium to long term investment.
Also, the enjoyment and experience gained over many
years of home ownership should make buying a home more
than a basic financial decision. |
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Working and Living in Dubai
Currently many residents are buying properties in Dubai
as they have already considered living here, moving out
from rental accommodation to investing on having their
own property contributing towards their future
prosperity.
Overseas visitors are also rapidly discovering the high
quality of life available. Some seek for a comfortable
and convenient base for family holidays while others
recognize the benefits of owning a property here as a
potential retirement retreat. Also, many investors have
identified the potential of owning a property in order
to earn a favorable rental income as well as excellent
capital growth.
Options include from a luxurious villa at ground level
to a futuristic apartment building which soars hundreds
of meters into the blue Dubai sky.
Whether one prefers either city living, waterfront
locations, desert setting, championship golf courses, an
equestrian centre or even a clutch of man-made islands;
with architectural designs ranging from Arabic, to
Hispanic, to Western, etc. it’s all waiting in Dubai! |