Dubai Property Market

Recent months have seen a distinct change in the Dubai property sector, as more challenging global financial conditions have permeated into the previously impervious Dubai real estate sector. In recent years we have seen the majority of the property investment in Dubai focusing around the more tourist orientated destinations such as the Dubai Marina, the Waterfront and Sports City. In Dubai there are now strong signs that the government is getting some sort of grip on the excesses of the Dubai property market - and about time too. We have long viewed the market as quite high risk. Like some of the buildings in Dubai the property market has seemed to defy gravity.

The small Emirate of Dubai, part of the federation of seven States called the United Arab Emirates, has seen an unprecedented boom over the last 10 years in its property market. A deposit would be paid by the buyer to the seller, normally 6%-11% of the value of the property, as a commitment by the buyer to purchase the property. In recent months the Dubai property market has taken a buffeting. Real estate prices in Dubai's property market had been hugely inflated. People were putting money in property not as end users, but as investors.

Property prices plummeted and investors scrambled to off load their investments. A realignment of property prices was needed, to be in tandem with actual property demand and supply. Although the short term fallout is difficult to weather, it is a fact that this correction will lead to long term sustainability in the Dubai Property Market. The overblown property market has learnt its lesson. The Dubai property market has weathered the storm and is now inching its way back to survival. Low prices. A property market that is just asking for buyers and investors is the current Dubai property market. Buyers never had it as good in Dubai as they rush to make the most of low rentals and dropping property rates. People moving to the Dubai property market either for work or for investment reasons are being drawn by lower prices and a better lifestyle. Property downswings have not affected the quality of life in Dubai at all.

Working in the Dubai property market, we are constantly asked by clients where we feel is the best place to invest in Dubai, with the majority of questions focusing on the better known developments such as Dubai Sports City, Dubai Marina and the ever popular Waterfront area. Investors focusing on high yield, short term holiday accommodation have traditionally led the tune throughout the emirates property sector.

Dubai Property

Investment in Dubai property,  whether it's buying property in Dubai for permanent relocation or business, or you simply want to cash in on the most popular investment trend in Dubai property i.e. buy-to-let, is very lucrative. Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirate's property laws. Property for sale in Dubai has already succeeded in drawing the attention of foreign investors. Dubai is now more famous and lucrative for its property investment returns than any other thing. It was actually the residential sector of Dubai that drew the attention of property inventors. 

Nearly all of the buyers of Dubai property find property resale and buy-to-let trend as the most attractive features of property ownership in Dubai. To the benefit of investors, though not a positive sign for the buyers with no commercial intent, the demand for Dubai property, Dubai apartment, Dubai villas or any other type of property in Dubai by far outstrips the supply. This demand and supply disparity makes Dubai property investment an extremely attractive prospect for the foreign investors. As the experts of Dubai property forecast, the market is lucrative for the investors who already bought property in Dubai. Dubai has become an international property hotspot, with great architectural developments and ambitious projects rising up seemingly overnight. Owners are able to sell or rent out their property in Dubai if they so desire. Dubai does not levy taxes on income, including that obtained from renting property.     In Dubai Marina, they offering luxury apartments and villas with a waterfront view.

Investing in Dubai's dynamic and fast moving market is quite simple. Upon completion, the property should be registered with the Dubai Lands Department. Dubai's property market is likely to continue to flourish for the foreseeable future. Dubai currently offers one of the hottest property investment opportunities in the world.  Fabulous Property Deals At Any Price Take a look at just some of the reasons why investing in Dubai property is and will always be a profitable proposition.

Meanwhile a silver lining on the property cloud has been noticed in Dubai's marina property market. The same effect has also been seen in the villas in Springs Dubai marketed as a prime spring villa Dubai property. Maybe the Dubai property market is really on the brink of something better.