Dubai Real Estate

927 people move to Dubai every day. The population reached 1.5 million in 2007 and it is expected to exceed 1.9 million by 2010. This fast and dramatic growth has resulted in a huge demand for property in Dubai and in turn created an appreciation in property rentals and land prices.

With the cost of living tripling in record time and the population set to increase even further, to exceed 5 million by 2020, the requirement for living accommodation looks set to grow.

Spurred on by the central global location, year-round sunshine, relaxed, elegant lifestyle and affordable luxury, several property markets have opened-up in Dubai, including business, domestic leisure and overseas holiday home.

World famous property in Dubai

Increasing property demand and contemporary vision has attracted some of the most ambitious, innovative and elegant development projects in the world. Dubai is home to the Burj Al-Arab, the 7-star hotel which is a favorite haunt of the rich and famous. The Burj Dubai is currently the world’s tallest building, with the Mall of Arabia and Dubai Mall expected to become two of the largest shopping malls ever built. Add to all this the incredible Palm Trilogy and the 300 man-made islands that make up ‘The World’ development and it is no surprise that Dubai is globally recognized for its property.

Return on Investment

Property investment in Dubai from international investors has risen dramatically since laws were passed to allow foreign nationals to own property within the Emirate.

Primarily, return on investment is generated by both capital appreciation and rental income. Capital appreciation has risen between 15-25 percent each year, with investors also generating record rental yields on completed properties. On average Dubai apartments have yields of around 10-25 percent.

Dubai is one of the most expensive cities in the world for tenants with average residential property rentals in Dubai having increased by nearly 50 percent in the past year and rentals in the northern emirates such as Ras Al Khaimah set to follow in its success.

Advantages of Purchasing Property

When investors purchase property in Dubai they are not subject to either capital gains tax or income tax on their investment property.

The buying process is simple as there are no limitations or restrictions. Properties can be bought without the need for a mortgage. By utilizing the Sole Dubai Broker flexible, non-status payment plans, investors are able to spread payments over fifteen years.

How Sole Dubai Can Help Investors

Sole Dubai is an expert in developing investment property across the UAE. In addition to providing investors with exclusive and highly sought after property options, the company is unique in that it is a broker with customer service at the core of its operation.

This means that customers benefit from the most competitive prices, have the peace of mind that they are dealing with people responsible for the successful delivery of the project, and the advantage that comes with a dedicated in-house after sales support service which is designed to help maximize the return on investment, offering resale opportunities, rental management and furniture services.

We also protect your investment by guaranteeing that all monies handed over as part of the investment are held in an escrow account. This ensures funds are presided over by an independent third party and, with the accounts held in local Dubai banks, the money is fully protected by the UAE Government.

Property Rental Price Guide for 2009 in Dubai but no rent cap

RERA the real estate regulator in Dubai has unveiled a property rental price guide for 2009 but there is to be no rent cap. The official rental price index is for guidance only and it is hoped that it will give property investors a clear idea of what rent they can expect from their investments, the Real Estate Regulator. A real estate report indicates that rents in Dubai are going to soften in residential as well as for the first time in commercial and retail sectors. But the underlying fundamentals of the market are still strong.

Landlords need to know tenants needs! Dubai Landlords need to understand what tenant’s want, in order for Dubai’s real estate sector to bounce back, industry analysts say. Flexible Markets such as the UK bounce back faster from economic disaster than more “mechanical markets”. In transparent markets such as the UK landlords act quickly and reduce rents in order to meet market expectations. This is a key issue in deciding when markets recover. In the context of the UAE, if landlords grasp what tenants want, there will be a quicker recovery in this market than many other markets around the world.