As the economy continues to boom in Dubai, the demand for commercial property in Dubai is soaring. With the establishment of several free trade zones, several multinationals have opened their doors here, and many more are looking to come.
Dubai provides a safe haven for businesses and is geographically ideal to serve the subcontinent markets of India and Pakistan. The value of commercial property in Dubai has increased manifold over the last few years. Now available for sale, freehold commercial property is increasingly desirable as firms see the value in being present in Dubai.
Prestigious developments such as Business Bay and sections of the Jumeirah Lake Towers are dedicated to commercial property, along with the famed Burj Dubai. Ambitious developments such as Dubai Land, and the Mall of Arabia will see thousands of store fronts brought to the Emirate as commercial property in Dubai is in high demand.
With an expanding population that is set to double by 2010, business is booming in freewheeling Dubai and it is all making for a very healthy atmosphere to conduct business in. Whether you are an investor looking to invest into commercial property in Dubai, or a business owner debating the odds of expanding your business interests to Dubai, this is the right place to be.
From high-tech state of the art buildings and facilities that are guaranteed to impress clients, to shop fronts in prestigious and prime locations, to cost effective ware houses and labor camps – commercial property in Dubai is reaching international standards.
Showing posts with label Dubai Property. Show all posts
Showing posts with label Dubai Property. Show all posts
Thursday, June 12, 2008
Wednesday, June 11, 2008
Dubai Property Rental
Dubai property rental can be slightly difficult for the city’s first time residents. The prospect of finding a reasonable place to live, one that fits rental budgets and location requirements is a challenging task, anywhere in the world. In Dubai especially, that task can be daunting. Whether frantically searching through the classifieds or meeting with real estate agents, finding a Dubai Property for rent in this booming city is overwhelming.
The city’s population has increased from 862,387 in the year 2000 to the latest estimate of 1.3 million. By the year 2010, the population is expected to nearly double to 2 million, according to The Dubai Ministry of Planning. In contrast to the overflow of people coming to reside in the city, the Dubai property rental market is presently undersupplied. The number of villas and apartments available for rent cannot meet the market’s demand, sending rents skyrocketing to an average of 37%, according to Dubai Municipality statistics.
The shortage of Dubai property for rent has caused a great number of problems for the city’s residents who are at present extremely frustrated and annoyed with the exorbitant cost of living in this city. Sharing apartments seems to be the most feasible thing to do given the markets present situation. Some prefer the option of commuting from neighboring Emirates like Sharjah and Ajman.
The number of housing units is expected to increase by 84,000 over the next three years, once all the Dubai property currently in development stages is completed and ready for occupancy by new homeowners or tenants. While high rents remain an issue with Dubai property rentals, it is only making the case for ownership of property a stronger and more viable option. For Dubai’s current property owners, the rental money their property commands continues to remain rosy and comfortable for the future.
Due to the high demand for Dubai Property for rent, investors are clamoring to buy more of the latest and hottest international property. As new residents flock to the city and the population continues to expand, investing in Dubai property rentals is almost a guaranteed return on investment in this growing city.
The city’s population has increased from 862,387 in the year 2000 to the latest estimate of 1.3 million. By the year 2010, the population is expected to nearly double to 2 million, according to The Dubai Ministry of Planning. In contrast to the overflow of people coming to reside in the city, the Dubai property rental market is presently undersupplied. The number of villas and apartments available for rent cannot meet the market’s demand, sending rents skyrocketing to an average of 37%, according to Dubai Municipality statistics.
The shortage of Dubai property for rent has caused a great number of problems for the city’s residents who are at present extremely frustrated and annoyed with the exorbitant cost of living in this city. Sharing apartments seems to be the most feasible thing to do given the markets present situation. Some prefer the option of commuting from neighboring Emirates like Sharjah and Ajman.
The number of housing units is expected to increase by 84,000 over the next three years, once all the Dubai property currently in development stages is completed and ready for occupancy by new homeowners or tenants. While high rents remain an issue with Dubai property rentals, it is only making the case for ownership of property a stronger and more viable option. For Dubai’s current property owners, the rental money their property commands continues to remain rosy and comfortable for the future.
Due to the high demand for Dubai Property for rent, investors are clamoring to buy more of the latest and hottest international property. As new residents flock to the city and the population continues to expand, investing in Dubai property rentals is almost a guaranteed return on investment in this growing city.
Leasing Property In Dubai
For tenants, leasing property in Dubai can be a rather arduous task. Finding a place to live in this booming city is challenging to say the least. Due to the scarcity of apartments, leasing property in Dubai is becoming more difficult as new residents continue to flock to the city. The high demand of for leasing property in Dubai, and the short supply of available units for lease means the inevitable: high rents.
The current property boom in Dubai has sent rental charges rising upwards since the year 2002, at an average 37% increase according to The Dubai Municipality. The higher cost of living has put a lot of pressure on Dubai’s tenants. To alleviate some of that pressure, the Government of Dubai moved to impose a rental cap of 15% in October 2005. The rental cap on leasing property in Dubai is helpful to existing tenants. Those currently leasing property in Dubai can take landlords to court should their rent be increase more than the 15%. While this has been helpful in curbing unwarranted hikes – it has also given landlords the green light to increase rents by the full 15% instead of slow and gradual increases.
Considering the rapid increase in Dubai’s population that has swelled from approximately 800,000 in the year 2000 to 1.3 million in 2006, where it stands today, there is a shortage of residential apartments and villas for rent. This excess demand over supply for leasing property in Dubai has led to higher rental charges because property continues to be in short supply.
Despite the current shortage, the future of Dubai property remains extremely bright. Over the next three years an additional 84,000 accommodation units are expected to be ready for occupancy as new projects are completed. The addition of these properties is expected to help stabilize the marketplace for rents – a big relief for those who are currently leasing property in Dubai.
The current property boom in Dubai has sent rental charges rising upwards since the year 2002, at an average 37% increase according to The Dubai Municipality. The higher cost of living has put a lot of pressure on Dubai’s tenants. To alleviate some of that pressure, the Government of Dubai moved to impose a rental cap of 15% in October 2005. The rental cap on leasing property in Dubai is helpful to existing tenants. Those currently leasing property in Dubai can take landlords to court should their rent be increase more than the 15%. While this has been helpful in curbing unwarranted hikes – it has also given landlords the green light to increase rents by the full 15% instead of slow and gradual increases.
Considering the rapid increase in Dubai’s population that has swelled from approximately 800,000 in the year 2000 to 1.3 million in 2006, where it stands today, there is a shortage of residential apartments and villas for rent. This excess demand over supply for leasing property in Dubai has led to higher rental charges because property continues to be in short supply.
Despite the current shortage, the future of Dubai property remains extremely bright. Over the next three years an additional 84,000 accommodation units are expected to be ready for occupancy as new projects are completed. The addition of these properties is expected to help stabilize the marketplace for rents – a big relief for those who are currently leasing property in Dubai.
Thursday, May 29, 2008
Dubai Property
Dubai property is the hottest thing on the international property market at the moment. Rising out of the Arabian Desert, the Emirate of Dubai has taken the world by storm. In a little over 30 years, Dubai has transformed from a small fishing village and port into a sprawling and bustling cosmopolitan city. The transformation can swiftly be attributed to the mega real-estate property developments and projects that are either complete or currently underway in the Dubai property market. According to recent estimates, there is currently $45 billion in real estate under construction in Dubai property, with another $45 billion in the development stages.
The Dubai property market exploded in May 2002, when the Government of Dubai issued a law legalizing foreign ownership of Dubai properties in select areas of the city. The Burj Dubai, expected to be the tallest building in the world, The Palm and The World islands are just some of the internationally famed developments that are iconic of Dubai Property. This site will help you learn more about the Emirate of Dubai and its stunning property developments.
Dubai property is deemed an excellent investment opportunity given the current strength of the property market. Whether buying it as an investment, as a holiday home or even as a second home – Dubai property is the right choice to make in the real estate sector. With an ever increasing population and a growing GDP, thousands of residents fly in each month to make Dubai a home.
Whether you want to buy, sell or lease a Dubai property – you are almost guaranteed a return on your investment. When in the market for Dubai property, buyers are spoiled for choice. There is a wide variety of property types available, from city apartments in soaring skyscrapers, or luxurious villas in the suburbs or even beach side homes – Dubai property truly caters to every individual’s lifestyle preferences.
The Dubai property market exploded in May 2002, when the Government of Dubai issued a law legalizing foreign ownership of Dubai properties in select areas of the city. The Burj Dubai, expected to be the tallest building in the world, The Palm and The World islands are just some of the internationally famed developments that are iconic of Dubai Property. This site will help you learn more about the Emirate of Dubai and its stunning property developments.
Dubai property is deemed an excellent investment opportunity given the current strength of the property market. Whether buying it as an investment, as a holiday home or even as a second home – Dubai property is the right choice to make in the real estate sector. With an ever increasing population and a growing GDP, thousands of residents fly in each month to make Dubai a home.
Whether you want to buy, sell or lease a Dubai property – you are almost guaranteed a return on your investment. When in the market for Dubai property, buyers are spoiled for choice. There is a wide variety of property types available, from city apartments in soaring skyscrapers, or luxurious villas in the suburbs or even beach side homes – Dubai property truly caters to every individual’s lifestyle preferences.
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.
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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