Freehold Property Investment in Dubai
by: jumphigher
Total views: 119
Word Count: 436
In 2002
modifications to its constitution and passed the freehold law that allows for
the freehold ownership of real estate in
by any foreigner. And ever since then
has become an international hotspot for property and the demand for real estate
has exceeded the supply. Having said that there is doubt that at present
safest bet for making overseas property investments.
architectural developments and breathtaking designs, and one such example of
architectural intelligence is world’s only 7-star hotel situated in
property in
is so intense that property prices have seen considerable appreciation in the
last two or three years.
Why the Real Estate Market in
You must be wondering what caused this sudden
rush for property investments in
The main reason behind this sudden increase in demand for real estate in
foreigner. Property owners can sell or rent out the property whenever they
want. Ownership of freehold property also entitles the owner to a 3 year
renewable residence visa. But this law applies to only a certain designated
areas in
And the other big reason for this surge in real estate market in
property transactions in
The other reason that can be seen as the driving
force behind the real estate market in
is the presence of a huge number of multinational companies. And these
multinational companies have created a lot of jobs in
these MNCs are either opting for rented accommodation or buying their own
houses. This has considerably increased the demand for both the rented and
owned property and which in turn has increased both the property prices and
monthly rentals. Also property investment in
is very simple and requires minimal paperwork, and sales agreement is all that
you need to buy property in
One of the most popular property developments in
splendor designed by top designer house 'Aedas'. Overlooking the Palm Jumeirah,
this 8th man-made wonder offers the most exclusive penthouses, duplexes, 3, 2
and 1 bedroom apartments in the world.
Damac Properties are the largest private master
developers in the
most exclusive Dubai Real Estate, Dubai Freehold Property and Dubai Investment
Property for sale.
About the Author
avinash smith
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