Saturday, May 24, 2008

Property For Sale In Dubai

Property for Sale in Dubai has been available to expatriates since May 2002, when the Government of Dubai legalized foreign ownership of property. The real estate sector has seen monumental growth that has paved the path for massive developments and mega projects to get underway, offering a choice full of healthy investments in the form of properties for sale in Dubai, to interested individuals and developers.

These opportunities of buying Dubai properties have not gone unnoticed, and the market’s responsiveness has been dramatic and phenomenal to say the least. Property in Dubai is available for sale either directly from the developers or through the hundreds of real estate agencies that have sprung up across the Emirate. International real estate agents are now boasting the availability of property for sale in Dubai.

Several projects and developments already underway have been sold out in the primary market, fuelling price increases in the secondary re-sale market. Focus seems to be centered around The Burj Dubai, expected to be the tallest building in the world. With completion anticipated at the end of 2008, two of the six towers surrounding Burj Dubai, called The Residences, are already completely sold out.

However, there is no shortage of prestigious property for sale in Dubai. It seems as though each new development is bigger and better than the previous one and when it comes to property for sale buyers are spoiled for choice. Whether buying for investment purposes of leasing or selling, for personal use as a holiday home or otherwise – Dubai property is a healthy and sound decision to make.

Of course for a new comer to the city the prospect of finding a suitable property for sale can be a bit confusing and overwhelming because of the sheer number of developments and towers that are springing up across Dubai. The quickest way to discern through the frenzy is to find meet with reputable real estate agencies or go directly to the developer to find out more information. Real estate agencies have the advantage of variety and know-how in the industry. Whichever way you to chose to go about finding the most suitable property for sale in Dubai, you can rest assured that your investment is a good one.

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