Dubai is known as the emerging city of the modern world. Situated in the UAE, Dubai is not only the regions flourishing commercial centre, but is a magnet for tourists and those seeking a luxurious and prosperous lifestyle.
Aware that the oil reserves will not last forever Dubai has set about realising their vision to make Dubai the largest tourist and financial centre in the world.
A big step to realise this vision was taken in May 2002 when the crown prince of Dubai made a commitment to allow foreign nationals to own a property within the emirate. With the added advantage that now all property purchased in this region is with freehold title…thus highlighting their commitment to attracting world wide investors
According to a statement from the Dubai Department of Economic Development Dubai’s economy grew around 16% in 2005 and is estimated to reach AED136 billion
Investment Property in Dubai Features
* 5 Star Fully Furnished Apartment Suite
* 1 & 2 Bed Apartments With Sea Views Starting From €180,000
* Off Plan Development – Completion 2010
Reasons to invest in Dubai
* The population is set to rise from 1.2 million to 4 million. Whilst traffic into Dubai is set to rise from 5 million to 15 million.
* All master planning is Government controlled so the demand to supply ratio is managed, thus maintaining strong growth & returns.
* No capital gains or income tax.
* The range of properties on offer is vast.
* The quality of build is high.
* No legal fees are required, although advice is recommended.
* The buying process is simple, with no national registration required.
* Capital appreciation has risen between 15% - 25% annually.
* High rental yields on completed properties.
* With the purchase of property you are granted the right to apply for residency visas.
* Guaranteed Return Of Investment Of 8% Minimum For First 3 Years – With Projected Return of 14 -17% On Completion.
* Situated On One Of The Largest Man Made Marina’s In The World
* Astonishing Views Over Jumiearh Palm And Beach.
* Located 15 mins from the New Jebel Ali Airport which will be the Largest Airport in the World (2015).
* 70% Mortgages Available (LTV) Through Dubai bank, Current Rates 5.7%