Dubai is the second largest emirate of the United Arab Emirates with a property market that is second to none. The property and real estate market of Dubai is unmatched with a range of properties and facilities that can be competed with the best of projects and developments across the world.
During the last 10 years, Dubai made a name for itself for having the best buildings, towers, complexes and amusement and recreational facilities that offer great joy and pleasure to people coming here for tourism and holidays. Dubai was distinctive from the other emirates of UAE being the only state whose main source of revenue was first from the Jebel Ali Free Zone (JAFZ) and now from development and real estate properties. Even now, international property investment and super luxury world class projects make Dubai a characteristic place. The lenient laws for foreign ownership proved to be a real bonus for people to come here and own properties and earn profits.
Enormous construction and development has been going on in Dubai that has attracted world wide attention through mega real estate projects and innovative developments that have drawn the attention of buyers and sellers from all over the world, enticing them to come and invest in this paradise.
A few of the most popular and state-of-the-are residential and commercial developmental projects are Dubai Sports City, International City, Dubai Marina, Dubai Land, Burj Dubai and The Palm Jumeirah. All these are a mix of commercial and residential properties and offer the best of facilities and amenities to their owners to make their stay here as memorable and pleasant as possible. All these buildings are among the tallest skyscrapers and towers of the world. While some of them have reached completion, others are expected to be completed this year or the next year.
Dubai is not only famous for the buildings and shopping malls it has but it is also gaining popularity for the projects that are under way. A few such projects are The Palm Jumeirah and Burj Dubai. The Palm Jumeirah also known as The Palm Dubai and are going to be the largest man-made islands in the world, being built on the coast of the Emirate of Dubai. The three resort islands are expected to maintain Dubai's position as a premium tourist destination and have been self-declared as the 'Eighth Wonder of the World'.
Each of the islands, Palm Jumeirah, Palm Jebel Ali and Palm Deira are being built in the shape of a date palm tree and consist of a trunk, a crown with fronds, surrounded by a crescent island that acts as a breakwater. The islands will have luxury hotels, freehold residential villas, unique water homes, shoreline apartments, marinas, water theme parks, restaurants, shopping malls, sports facilities, health spas, cinemas and various diving sites to offer to their visitors.
Burj Dubai is going to be the tallest man made building of the world and the centerpiece of Gulf’s prestigious urban development center that will attract hundreds and thousands of visitors every day. The height of Burj Dubai has been estimated to be 818 m (2,684 ft). The total number of habitable floors is expected to be around 162 and the tower will consist of both the residential apartments as well as office wings with a host of other facilities.
Dubai has maintained it reputation for being the city built for tourism with its high class hotels, high rise towers and skyscrapers and lavish shopping malls with the bright property investments. Whether you buy or sell property in Dubai, a profit of more than 30% can be expected with freehold property ownership. Currently, buying properties in Dubai is incredibly simple and safe, get mortgages locally or internationally to assist your purchase and earn handsome profits. |
