subject: Investing in Dubai looks promising [print this page] Investing in Dubai looks promising
Investing in Dubai is a smart initiative, the forte being the golden chapters written about its economic development within a short time. Being the trading hub of the UAE, Dubai has taken the international market by storm, thriving on its strategic location in the world's richest regions. Dubai serves as the platform for both dynamic international business center with a cosmopolitan approach furnishing international lifestyle as well as a tourist escapade enriched by tranquil desert backdrop and lively urban flavor of souk. Bustling economy of Dubai, along with high-tech infrastructure, technology and standard of living is paving the way of constant transformations, changing the face of the city with new developments steadily. Domains like tourism and technology have become synonymous with Dubai's economic growth with current focus on finance and export activity.
Government of Dubai has always given a boost to the private sector, which has expanded with full force with mega projects of international repute. Colossal projects such as Dubai Marina, Emirates Hills, Palm Islands and more reflects Dubai Real Estate's edge over others. No taxes applicable for personal, sales and corporate on direct foreign investment have enabled prosperity and unsurpassed growth for the region. Cynical property laws have been liberalised to yield abundance of opportunities. Dubai is among very few urban cities of the world with high standard construction but on a very affordable price. Dubai's international market is looming with foreign ownership on freehold housing to trigger beneficial deals. Dubai Government to heighten the market growth is encouraging supply by enticing the developers with land, offering incentives and flexible legislation surmounting to growth in population. These marvelous facts about Dubai Real Estate come as a revelation.
Economy wise, Dubai's GDP is growing by 7-8% every year and will continue to grow irrespective of anything. This has had an influence in luring trade into Dubai with opportunities in every stream, primarily as international business and re-export centre. In just a decade, Dubai has undergone transformation from just being an oil dependent region to international business centre of global importance. In the lieu of the fact, tourism is getting big boost with 6 million visitors expected this year. Workers living in Dubai are earning high tax free salaries attracting foreign and regional investment.
Dubai property market is expected to grow at bolstering speed in the coming years. New development initiatives along with evolving stability in the region are ensuring better returns to the investors. Encouragement to buy freehold residences for non-UAE citizens has furthermore benefitted the developers. Residential properties for mid to high segment for buying, selling, sale and rent, has been in continuous demand.
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