Off Plan and Investment Property in Dubai

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Off Plan & Investment Property in Dubai

Because stock markets around the world have lost a lot of their appeal, more investors than ever are putting their money in to international real estate at a rate never previously experienced. As a direct result of this intense interest in overseas property the demand for real estate in Dubai is outstripping supply by up to 75%.

Dubai allows property investors a unique chance to cash in on high growth of an average 18% per annum (over the past five years) and typical rental returns of up to 12%.

Dubai property attracts both international second / holiday home buyers and property investors who seek to purchase from the very start and reap high, tax-free rewards from both commercial and residential properties.

Since 2006, freehold ownership rights in Dubai have been formally given to foreigners and demand is exceedingly high for commercial and residential property to accommodate for the large influx of multinationals and expatriates to the Emirate of Dubai..

Developers in Dubai cannot currently build enough to keep up with demand and while this situation continues.

The off plan property market in Dubai remains buoyant, offering home buyers and investors outstanding growth potential.

Dubai International Airport in itself is an architectural sight to be seen and reflects the great innovation Dubai offers at every corner. Dubai airport is currently under expansion to cater for i's continuous growth in tourism and this is expected to further boost Dubai, alongside its growing international corporate activity and investment property market.

Tourism today is the fastest growing market in Dubai and is targeted at 15 million visitors per year by 2010 and, with projects such as the 20 billion dollar Dubailand now well underway. For overseas home buyers and property investors this offers an even healthier rental and holiday home market.

Large commercial zones, including Dubai Media City, Dubai Pearl and Dubai International Financial Centre are also attracting expatriates in their droves, all creating a huge resulting demand for luxury apartments and villas for sale and rent.