Dubai - The Dream Destination for Real Estate

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Dubai is definitely noted for extraordinary architectural developments and breathtaking designs. Dubai is becoming an international hotspot for property and the demand for real-estate is so intense that property dubai investment real estate prices have increased considerably over last several years.

You should now be thinking about the cause of this sudden surge in property investments in Dubai. The main factor behind this appreciation in demand for real-estate in Dubai is the truth that property laws in Dubai allow freehold ownership of land by any foreigner, allowing property owners to offer or rent out the property every time they want. Not just this, ownership of freehold property using designated areas in Dubai also includes a 3 year renewable residence visa for who owns the property.

One other reason which can be seen as a driving force behind the real estate market in Dubai is billion dollar investments by a few of the biggest multinational companies in the world. Since these types of companies have started running their operations from their offices in Dubai, this has created lots of jobs in Dubai, which in turn has increased the populace in and around Dubai. This upsurge in population triggered a rise in demand for real-estate (both owned and rented properties) in Dubai. Contributing to this is the truth that property and real-estate laws in Dubai are very simple and requires minimal paperwork in form of a sales agreement.

And the last but certainly not minimal factor favoring real-estate investments in Dubai may be the relaxation in taxes. You may be surprised to learn that no taxes are applied on income or property transactions in Dubai.

Taking in account all the aforementioned cited factors there is undoubtedly why Dubai has transformed into the dream destination for sure estate. Dubai can also be well-known for it's man made marvels which are undoubtedly the best on the planet, and some have even been named as the eighth wonder of the world. Dubai continues to create new records for building and growth, taking Dubai far ahead of the very most favored real-estate destinations in the entire world.

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