Ever since the launch of the Dubai freehold real estate market, Dubai property has gained world wide recognition for its innovative and groundbreaking developments and buildings. It was as far back as 1999 that the 1st phase of the Dubai Marina began construction, and Dubai has never looked back. The real estate market here has progressed so much in the past decade, Dubai looks like a totally different place to the small little Emirate that existed 10 years ago. Starting off with the Marina and The Greens, the Dubai real estate market has advancement beyond even the most optimistic of outlooks, and now boasts dozens and dozens of property developments, and hundreds of freehold apartments and freehold villas.
The Dubai real estate market really is unlike any other around the world. Developers here, such as Emaar and Nakheel most definitely think outside the box when it comes to real estate projects and the results are evident throughout the Emirate. It is projects such as the Palm Jumeirah and the rest of the Palm trilogy, The World, The Burj Dubai and Dubailand with its areas such as Dubai Sports City that have really put Dubai on the real estate map.
By offering freehold property to overseas buyers, Dubai has been able to attract substantial property investment, and as a consequence the Dubai real estate market has since exploded into life over these past few years. Those who invested early have since seen huge returns on their investments, and whilst the real estate market here has now seen prices reach new highs, those who know where to invest can still see worthwhile returns on their properties. And despite constant speculation of a forthcoming property market crash, the Dubai real estate market has remained very healthy, and looks to continue this way for the foreseeable future. Whilst it is impossible to accurately predict the future, all the current signs are very much positive in regards to property investment in Dubai.
Whilst Dubai is seeing increased competition on the real estate front from its neighbors such as Abu Dhabi and Ajman, the Dubai real estate market still remains the premier property market within the Middle East, and with new projects being announced and others nearing completion, this position looks set to remain for some time to come. With the Pam Jumeirah now up and running, and The Burj Dubai already the world's tallest building and standing structure without having even reached completion, Dubai has rarely been out of the news. And with the Palm Jebel Ali, The Dubai Waterfront and Dubailand, all huge projects, still to come, do not expect to stop seeing Dubai in the headlines any time soon.
Dubailand's sub development, Sports City has also been generating a lot of interest of late. With its numerous academies and world class stadiums, combined with a wide range of freehold property and villas, all set within beautiful surroundings, Dubai Sports City property has become some of the most sought after real estate on the Dubai market place.
Projects like Jumeirah Village South continue to generate a large amount of interest on the property market. With its extensive range of property, with freehold villas and apartments to match a broad range of budgets, and all set within a self contained development with regards to the inclusive facilities on offer, it's easy to see why Jumeirah Village is taking the Dubai real estate market by storm.
And when the likes of Business Bay reach completion, the Dubai real estate market will be able to boast one of the most comprehensive commercial property developments around. Set to cover 64 million square feet, Dubai Business Bay will contain over 230 commercial and residential towers, and will further reinforce Dubai as the place to do business within the Middle East.
The Dubai property market now enjoys a reputation as one the best places to purchase property around the globe. With year round sunshine, beaches and a wide choice of entertainment and leisure options, Dubai offers a truly brilliant life style. Yet, despite all the success and acclaim that has so far been bestowed upon the Dubai real estate market, with so many other projects set for the future, the best of the Dubai freehold property market may have yet to be seen.
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11 comments:
what happened to the other one?
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To offer or buy a house an assention, called either a Sales Agreement or MoU (Memorandum of Understanding) would be marked by the purchaser and merchant. By and large the MoU would be drawn up by one of the merchants and could be anything from 2 sections to a 20-page report. There was no standard structure and no standard provisions and no lawful prerequisite for a legal advisor to assist or direct the procedure. akoya oxygen
Dubai has been struck by the winds of progress as of late. Sick winds they were as well, bearing no great greetings for the individuals who had put resources into land. As ventures were ceased in mid-stream, a large number of specialists and exiles left the emirate in scurry. home loan dubai
The Dubai real estate market really is unlike any other around the world.
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you will be spoilt for choice when it comes to picking apartments for rent in UAE because all seven emirates are oozing with developments featuring all types of apartments. However, the search begins when you pick an emirate to call your home town and finalize your budget and agree on other requirements.
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