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[D722]Dubai Property For Rent

by Jessica Thomson, Jes

"Prices of property are inexpensive as compared to the other trading hubs across the world. Dubai offers a scope for significant future rise, where certain properties have already been doubled in value.

"Dubai has a tremendous potential for promising property market. Attractive Mortgages and Finance Packages are offered.

"The procedure for acquiring property in Dubai is easy and straightforward. It is free from legal fees, survey costs and stamp duties.

"The real estate market in Dubai has seen a remarkable improvement in Gross Domestic Product. The GDP increases at the rate of 7-8% per year.

"Property in Dubai is open to any investor from any part of the world. It implies more funds and better liquidity in the marketplace.

"Dubai is facing a good Economic boom in the present time. With big projects like Dubai International Finance Centre, Palm Islands, Dubailand Theme Park coming to actualization, it is a wise time to invest in propertty in Dubai.

"One of the effective ways to judge the feasibility of Real Estate is by looking at the yeild or rental return. In Dubai, a primary yield of 10 % on housing property measures with a 6.5% mortgage rate, whereas in London, yield of only 3-4% is considered good enough. Thus, 10% entails a substantial under valuation of property as compared to other countries.

"Despite the high level of increase in property rates, Dubai is still an emerging property market. This growth is set to continue due to the soaring demand, which has exceeded the supply.

"The government of Dubai has been an activist developer in the Emirates. The recent regulatory initiatives and legislations suggest that this support will respond in a befitting manner to any unfavorable market developments.

Today, Dubai stands as a strong and promising market for Real Estate. According to the experts, it is the appropriate time to invest in property in Dubai, as the prices will continue to rise in the coming years, due to the ever-increasing demand in property.
A lot of investors are aspiring to invest in the property market of Dubai considering its potential benefits. market has a lot of offer, if you play it right. All you need to do is a careful survey before investing in Dubai real estate market.

Located on the southern coast of Persian or Arabian Gulf, Dubai is the 2nd largest of the seven emirates that constitute United Arab Emirates. Dubai has a population of 1.35 million inhabitants of which majority consist of expatriates. Dubai has the biggest population among other cities of UAE. Major parts of Dubai consist of rolling sand dunes. During the last few decades, Dubai has experienced a hasty development in every field of life. Twenty years back and you would find Dubai, a city inhabited by itinerant Bedouin roving across with their flocks and herds. Today, Dubai has become one of the most modern cities in the world. With the continued boom in industry sectors such as tourism industry and Dubai Property industry, Dubai has fast become the center of attraction for millions of people and businessman around the globe.

To some extent, Dubai is little different from rest of six Emirates of UAE. Unlike other Emirates, revenues from oil products contribute only 6% of the Gross Domestic Products of Dubai. The major contributors in its GDP are the tourism sector and the real estate sector. Later has gain a significant importance in the economical growth of Dubai. Today Dubai proudly holds some of the tallest skyscrapers in the world.

With nonpareil facilities and lifestyle on offer in Dubai, many people are planning to make Dubai as their second home. Some are even planning to relocate their. This has resulted in an increase in the property demand in Dubai. The increase in the demand of residential apartments in Dubai has forced the hike in price for properties in Dubai. With the announcement of new laws for property in Dubai, Dubai has able to magnetize many property investors around the globe. According to AME Info (leading press release website about Middle East), a massive investment of USD 4 billion has been committed in the Dubai property market since the passing of new laws for property in Dubai.

Dubai Investment Fund has planned to broaden the horizons of property investment across the following three branches of Dubai property market.

?Commercial Property in Dubai
?Industrial Property in Dubai
?Residential Property in Dubai

DIF has aimed about 15 to 20% annual growth in the investment funds for Dubai property sector. One of the major developments in Dubai real estate market has been the announcement of new Dubai Freehold Property Zones. Expatriates can own property in Dubai in these zones either on permanent basis or on the basis of 99 years lease. This factor has significantly intensified the Dubai property market. All of a sudden, Dubai property market converted from an average local market into a full of activity international market. With matchless lifestyle Dubai has now become the heaven for millions of people in quest of a trendy and out of this world lifestyle.

The Dubai property prices have shown a significant upward trend during the last few years. Dubai property market has seen a 40% increase in the rental price against the property for rent in Dubai during the first six months of 2005. The price of property for sale in Dubai has also seen an increase between 20 to 50% during 2006. According to many real estate experts, this is the best time to invest in Dubai property market as prices are set to see more heights during the upcoming years with ever increasing property demands. Many investors are turning to invest in Dubai property market to take home their share of benefits that Dubai property market has on offer for its investors. There is a lot of profit on offer in Dubai property market if you can play your cards well. All one needs is the careful survey of Dubai property market.

Article Source : Pg. 8

About Author

Both Jessica Thomson & Sim Whatley are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Jessica Thomson has sinced written about articles on various topics from Personal Desktop, Gifts for loved ones and Shopping. For more insights and further information about visit our site . Jessica Thomson's top article generates over 1220000 views. to your Favourites.

Sim Whatley has sinced written about articles on various topics from Family Travel, Property Investment. Sim Whatley, the proud owner of Dubizzle.com, is a multidimensional character. By visiting his online portal Dubizzle you can find all needed information about dubai jobs, classified, and. Sim Whatley's top article generates over 1300 views. to your Favourites.