Dubai, a fast rising city known for its skyscrapers, shopping malls, and of course, it very popular sand and sun. This city is actually one of the seven emirates in the United Arab Emirates. Not too long ago, this was once a peaceful town known for its coral-and-gypsum huts located in the Bedouin traders and the pearl divers. But today, Dubai is becoming even more popular because of its excellently engineered buildings. Dubai is considered as the most populated and second largest in the United Emirates. Because of its fast-paced rise to economic growth, Dubai properties are now a hot market around the globe.
The wealth in this city has attracted many businessmen and tourists worldwide. At the moment, Dubai properties like real state are a great and safe investment. Among the notable major projects in this amazing city are the Palm Islands, and The World. There are also many other projects like the Dubai Marina, Business Bay, Burj, Dubai Complex, Dubailand, and the Dubai Waterfront. Of course, Dubai would not be this popular if not for its innovative and ultra-modern architecture. This kind of one-of-a-kind architecture is known as the skeikh. The popular edifices that use this kind of constructions are the Emirates Towers and the Burj al-Arab. The latter is known as the tallest hotel in the world today and is found on the offshore property in the Persian Gulf.
Dubai's Business Bay is also considered as a very popular piece of property in the magnificent city of Dubai. This business district is where you can find hundreds of skyscraper buildings. The freehold policy of Dubai makes it an alluring place for investors and buyers from all parts of the world. This law is favorable to foreigners to own a freehold real estate in any part of Dubai. This kind of policy requires no stamp duty or any other tax which you can buy at a very competitive price. Since the introduction of this law in March 12, 2006, investors started pouring at Dubai. Also, the demand in real estate is relatively high and might short supply many off plan developments upon the day of its release.
Dubai Foreigners holds the right to lease or purchase any portion of land after the three master-developers, Al Nakheel, Dubai Properties and Emaar approve them. There are three kinds of ownership that a foreigner can acquire after all the necessary requirements are completed, the freehold, usufruct, and the common hold.
With the many attracted foreigners and investors in this city, Dubai is now an international hotspot for all Dubai properties and real estate which are for sale within your reach. The rear market specifically sets the standard for property development in all corners of the world. With the recent developments in this city, there is no doubt that the Dubai real estate market is the perfect place for all your investment. So, if you are looking for Dubai real estate and other properties, you can always find the best one that offers extreme satisfaction.
(ArticlesBase SC #485367)
