Because of the wise leadership of Planning Dubai, the property buying process in Dubai is an incredibly useful. With the development of areas of the tallest residential tower and the largest shopping center in the world, Dubai is experiencing a booming real estate market. Due to the strong underlying demographic, Dubai enjoys a vibrant real estate market boom. In Dubai, property prices have risen due to high demand and supply shortages.
Dubai government has succeeded in this economic boom with a push-pull control. Prince relaxed foreign ownership regulations in 2002, allowing for 100% foreign control of "freehold" property that could be sold, rented or leased. As a result of the move of international investment is flowing into Dubai. Other offers or capital gains tax in the UAE and the UAE has no taxes on all real estate listed several real estate investment real estate in Dubai.
Dubai Strategic Plan 2015 is an ambitious plan that targets high GDP growth rates with all the skilled labor force, through large investments in financial, construction and tourism sectors. While other regions of the world experiences credit crunches because of poor management, Dubai has a credit surplus, and is an emerging international financial center.
UAE property market has options available for commercial real estate, short term rental properties and commercial properties. It also has residential units including apartments, luxury villas and mixed-use gated communities. These are also waterfront properties, beach resorts and penthouses. opportunity is tremendous, and many real estate developments have extensive waiting lists and the Dubai rental property offers a high yield of about 12 to 15% per year
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