Want to Invest in Dubai Property ?
21 September 2015
Located in the United Arab Emirates (UAE), Dubai is an emirate that has in recent times begun a steady and determined effort to move away from an economy that relies totally on oil trade and is based more and more on tourism and service industries. This has resulted is an economic boom as the world realized that this remarkable city is ideal for such endeavors. There are more and more tourism resorts being built year after year to meet this new type of economic booster. Investment in Dubai property has today become a very attractive and profitable option.
One of the major sectors in which Dubai is rapidly becoming a major service provider is finance. The numbers of foreign professionals who keep arriving in Dubai annually to enjoy the benefits of its tax free policies along with relatively higher pay scales has been steadily increasing. This has contributed to the property boom and many of these individuals are considering investment in Dubai property. Rents have been going up and up recently. One of the best forms of investment in Dubai property right now is single room apartments. These apartments are proving most lucrative for rental service providers due to the large number of expatriates working in Dubai.
While the cost of property in Dubai has been increasing, it is to be noted that compared to international standards the costs are still relatively low. This means that any investment in Dubai property is a chance to rapidly increase capital appreciation by a big margin. Considering the bullish state of the real estate market, any investment in Dubai property over the next few months or years will yield excellent results.
The reason for this is very simple. As the development and appreciation of investment real estate in Dubai keeps increasing it will inevitably result in the US and UK sourced money that will reach via expatriates from those countries thinking about an investment in Dubai property. When that happens the value of real estate will most likely reach international standards and all investors will stand to make huge profits.
Another reason is that some big international tourist attractions are now being built in Dubai. Located in the UAE in Middle East, these attractions will provide easier access to close by countries in Asia that previously had to travel to the United States. One such development is Disneyland that will certainly benefit the tourist industry. If you plan your investment in Dubai property close to Disneyland, you should know what to expect. You can easily rent out your property to tourists coming to Dubai and wanting to stay close to Disneyland instead of some hotel at the other end of town.
There are no problems with rent collection because most of the real estate agents in Dubai also act as property managers and will be glad to assist you in that regard.