Dubai Property Options

iPod style development - New development authority of Dubai has decided to build a structure that resembles an iPod Mp3 player. Known by the name of “The Pad Dubai”,this building is located in Dubai Business Bay.

Omniyat properties of Dubai presented a model of this project,which has 230 apartments,at Dubai’s International Property Show which was held from 3rd to 5th of April,2007. These apartments will acquire Almasa Holdings which is a brand name in IT and Real Estate Markets,and is the parent name of Omniyat Properties. Authorities had decided that this building would include lofts,one and two- bedroom apartments and studio apartments. This is a 9 million AED property project and the minimum area available to the buyer is 581 sq.feet. According to property realtors in Dubai,1 bed room set in these apartment will cost 362,372 US dollars,2 bed room apartments will cost 901,158 US dollars,whereas studios will cost about 343,688 US dollars. Recently,similar 2 bedroom apartments in the Business Bay Area were sold for 550,000 US dollars by the Corporate Finance House.

Features of The Pad:

• The living rooms and dining rooms will be rotating 360 degrees so that one can admire the beauty of nearby water front and landscapes.

• Beautiful sights of the outer world can be enjoyed from the windows.

• Facility of video conferencing in the dining rooms.

• Lighting will adjust according to your mood and will respond to your telephone calls as well.

• Modern equipments provided for a healthy living.

The ultra modern style of room rotation is derived from Luigi Colani of Germany. In recent years,this method has been developed for aesthetic reasons rather than as a space saving device. The developer has planned to use rotating double beds in all apartments and make use of robotic features for robot vacuum cleaning.

There are many facilities listed for its residents which include parking spaces,retail areas,under water concert,Jacuzzi,aerobics section,basket ball court,etc.

Rotating tower for the first time in Dubai Property Market

For the first time in the history of Dubai real estate,rotating towers which resemble high skyscrapers have been introduced by the Dubai Property Ring. World Real Estate authority of Dubai had granted UK based developers to build 30 story rotating apartments. These apartments will require the power of 20 electric motors to rotate 360 degree in a week’s time. Nick Cooper,a British engineer working with MG Bennet and Associate of Rotherham,has been employed for the project.

Mr. Cooper was involved with drilling tunnels between London and Paris that allowed a free passage of Eurostar trains under the English Channel. In 1966,a part of London’s post office tower which was a restaurant,was made rotating. The idea of complete rotation of a building on its axis was really a novel one at that time. The British technology of rotation is being used after half a century on Arabic land. The rotating tower under construction in Dubai has a crescent moon lounge at its top. The future residents of this building can admire the scenic beauty of 23 rotating buildings which are to be built in future by Dubai Property Ring.

Dubai Property Market Cooling

In Dubai there are now strong signs that the government is getting some sort of grip on the excesses of the Dubai property market - and about time too. We have long viewed the market as quite high risk. The market has an unusual set of drivers and is not exactly the most transparent place to buy property.

The huge amount of building there inevitably raises questions about oversupply,but seemingly so far demand has outstripped supply.

Price growth in some parts of Dubai has been reported to be an almost unbelievable 79% in 2007,that is on top of already impressive growth figures in the previous years. High growth is continuing in 2008.

Now in mid-2008 the government is stepping in to to regulate off-plan purchases,mortgages and are implementing a whole raft of measures to cool the market. These are likely to do the job they are intended to do.

Like some of the buildings in Dubai the property market has seemed to defy gravity. With high prices and more heavy government intervention I would be even more wary of investing in Dubai than I have been in the last few years. It remains to be seen where the Dubai property market will head next and whether the Dubai government can really use their oil money to turn a patch of desert into one of the world’s true commercial and financial centres.

Overall,I would avoid Dubai as an investment location,high investment returns can be made elsewhere for much lower risk.

Dubai Property Market - An Investor’s Viewpoint

The Dubai Property for sale market is probably one of the most watched and fastest growing property markets in the world, and has been for the past 2-3 years. Real Estate agents and agencies in Dubai are popping up all over the place and developments are rising out of the desert at a pace that puts most cities to shame. Property prices as well have been attractive for investors over this growth period, with many people who decided that buying property in Dubai is a smart move, are experiencing a return on investment (ROI) of sometimes 100% in a matter of two to three years. One shouldn’t expect this amount of growth to continue as the property market in Dubai begins to mature, but there are still an ample amount of attractive developments and financial incentives to make people think long and hard about Investment Property in Dubai. One of the most attractive things about the property market in Dubai are the new property laws that were established in early 2006, that put more stability into the property market, and helped to assure investors of their rights.

The property market in Dubai, however, isn’t for the novice investor and does take a bit of due diligence for those people looking to make some money. One of the most important factors to consider when thinking about buying Dubai Property is whether the developer is reputable. Since the property market has grown so quickly, it has left room for first time developers to attract investors with flashy pictures and 3D models of Dubai Apartments, but without any real experience in property development. Eventually this means a lot of new home owners are moving into their new Dubai property and finding lots of structural faults. That said though, the Dubai Property rent market has almost made this a moot point, as the demand for rental properties in Dubai are such that landlords can rent anything for near record prices and consumers have no alternatives. Hopefully with the passing of the new Dubai Property Law, this will be eased in the future.

Buying Property in Dubai

For the global investors,Dubai has become the hottest place to invest in. Dubai is a land of promise with its Amazing developments and projects that have captured the attention of the investor world wide. To give impetus to this already building excitement was the implication of the May 2002 law that facilitated the Dubai property by foreigners.

There is approximately billion that has been invested in the property of Dubai some of which are complete while others which are in its developing stages. With this kind of massive investments,the Dubai real estate market is beckoning investors far and wide. Dubai is the investor’s paradise,here the investors are spoilt for choice,and Dubai offers the ideal environment to buy property. Here you can invest in towering buildings to beach villas to restaurants,you name it and you have it. Such is the lure of Dubai that it has attracted several star celebrities such as the soccer star David Beckham and his posh wife Victoria and also the likes of Rod Stewart and Michael Jackson.

It is untrue that only elite class can buy property in Dubai. In fact there are locals of the emirates who are increasingly buying property instead of paying exorbitant rent to the landlords. Due to the rise in real estate investment there has been a major increase in the number of real estate agents and dealers who are having a flourishing business.

In Dubai the mortgage market is still in its nascent stages,but there are other schemes of payments available that aid property buyers in Dubai. The city is pulsuating with the kind of energy that its real estate market is having. If you invest in the real estate market you are guaranteed to emerge as a winner. You may either choose to sell your property or rent it,no matter what you choose high returns are on the card. You can also buy a holiday home in Dubai for there is no other place in the world where you can get the kind of luxury that Dubai offers.

The rent in Dubai is steadily increasing,but this shouldn’t be taken as the norm,as very little of the property has actually been developed others are still in their development stage. While Dubai is witnessing a construction boom,the boom is skewed,it pays more attention towards the development of villas and luxury resorts leaving out the home for poorer section and the labor class.

Another problem that is common is the bad traffic conditions that prevail here. But hopefully with the development of monorail much of the pain will be eased.

Buying Property in Dubai is an Exciting Proposition

‘Buying property in Dubai’ has been one of the frequently discussed topics,especially among groups actively analyzing various regions for overseas property investments. In fact,on various occasions,the discussions have been transformed into heated debates,with the participants quite adamant on establishing their opinion on the subject. Well,if you have been a witness or involved in such events and come away feeling confused about whether buying property in Dubai is for you,then this article could assist you in making up your mind.

Buying property in Dubai,as an overseas investment avenue,is quite an interesting proposition.
The property market has grown at a phenomenal pace thus pumping up the rents and prices,and demand continues to grow. Investors from all over the world are closely analyzing the region to look for the next property to invest in.

Property investments in Dubai

In an attempt to understand the supply movement in Dubai’s property market,let’s begin by identifying the plus factors offered by the region,for those contemplating investment.

Dubai is a rich nation and there isn’t any income or personal tax to be concerned about (hurrah!). The government has invested heavily in the infrastructure,and the Dubai landscape resembles an American city due to all the glass and concrete building. The tallest skyscrapers and the largest projects,like the Burj Dubai,are currently the identification marks of the city. This present scenario,more or less,is the realized output of Sheikh Mohammed Rashid Al-Maktoum (Dubai’s ruler). Dubai has four ports; the largest port is at Jebel Ali,the world’s largest artificial harbor created over 20 years ago,and is one of the world’s busiest ports for container shipping.

When buying property in Dubai,the property market is quite tempting in terms of prices and prospects. This includes the construction market,which is moving at a commendable pace to quickly create grander structures than the already applauded; and they easily qualify on the quality parameter. In fact Dubai’s Emaar Properties is,by now,working towards the construction of even grander structures,to further lure the interested. Foreign ownership of property is a recently introduced concept,which highlights the positive political framework in this direction. Tax advantages are explicit,which further strengthen the reason for buying property in Dubai.

To encapsulate the scenario,it can be stated that the Dubai property market’s expansion drive is comparatively young,but owing to the rapid pace of developments the market has matured a little earlier than expected,thus perhaps raising concerns. However,indications of further stabilization are apparent.

Despite the boom,buying property in Dubai is still cheaper than various other commercial cities of interest. For comparable constructions in Dubai and London,the difference could be 4 times the base price. The tax advantages are also superior in contrast to various other overseas property investment options. According to recent research,the British own more property in Dubai than any other foreign nationality. One of the reasons Brits are heading for Dubai is because they can earn more income. A ‘Wealth Ranking Survey’ by NatWest International showed that expats can earn up to 40% more on average than their peers in Britain.

Dubai is expected to grow as a tourist attraction,as well as being the preferred business destination,while other countries present negligible scope in that direction. Dubai regions / projects,which are worth checking into include: Dubailand; The Burj Dubai Complex; Dubai Marina; Dubai Waterfront; Business Bay,etc. In conclusion,if you’re looking for an investment,buying a property in Dubai could be exactly what you need.

Boom in Dubai Property Investment

Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirate’s property laws. Currently, Dubai real estate sector is witnessing a rapid upward trend that’s expected to go even higher with the passage of time. Population of Dubai has grown manifold over the past few years given a sharp and growing increase in the number of expatriates. Both veteran and would-be investors across the globe are eyeing Dubai as the property investment paradise for a long time to come. Property for sale in Dubai has already succeeded in drawing the attention of foreign investors.

Investment in Dubai property, whether it’s buying property in Dubai for permanent relocation or business, or you simply want to cash in on the most popular investment trend in Dubai property i.e. buy-to-let, is very lucrative. The immense development Dubai continues to undergo with massive infrastructure projects reflects the exploding need for space for the country’s multiplying populace. Given these circumstances, the boom in Dubai property market doesn’t seem to slow down at any point in the foreseeable future. These upward trends of Dubai real estate make investment in Dubai property extremely risk-free for foreign nationals and they can choose to invest in Dubai even with their eyes closed.

Nearly all of the buyers of Dubai property find property resale and buy-to-let trend as the most attractive features of property ownership in Dubai. Some recent announcements point towards Dubai’s becoming a tourist hotspot in the near future with more recreation than ever. Newer entertainment and recreation projects are underway which have already drawn a great deal of international attention. The emirate, which is already termed as a playground in the desert, is soon to have more to offer to the world’s recreation seekers. This much international focus means an even stronger property market potential with returns that continue to shoot up.

To the benefit of investors, though not a positive sign for the buyers with no commercial intent, the demand for Dubai property, Dubai apartment, Dubai villas or any other type of property in Dubai by far outstrips the supply. This demand/supply disparity makes Dubai property investment an extremely attractive prospect for the foreign investors. As the experts of Dubai property forecast, the market is lucrative for the investors who already bought property in Dubai. But the market is not so friendly for those seeking rental property right now. If you’re one of those lucky enough people who have already secured property in Dubai, you’re likely to be reaping profits. But if you’re on the lookout for a decent rental accommodation in Dubai, you might have a hard time ahead as the prices are very high and are set to rise higher.

Experts speculate that the population of Dubai will be doubled in 2010. This will turn Dubai into one of the world’s hottest destinations for expatriates and holidaymakers alike and this just bodes so exceptionally well for property investors.