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Real Estate Articles Sub Categories
Dubai Real Estate
By: Sim Whatley
The Dubai Real Estate for sale market is probably one of the most watched and fastest growing real estate markets in the world, and has been for the past 2-3 years. Property agents and agencies are popping up all over the place and developments are rising out of the desert at a pace that puts most cities to shame. Real Estate prices as well have been attractive for investors over this growth period, with many people who decided that buying property in Dubai is the smart move, are experiencing a return on investment (ROI) of sometimes 100% in a matter of two to three years. One shouldn’t expect this amount of growth to continue as the real estate market in Dubai begins to mature but there are still an ample amount of attractive developments and financial incentives to make people think long and hard about investing in Dubai property. One of the most attractive things about the real estate market in Dubai are the new property laws that were established in early 2006, that put more stability into the Dubai Real Estate market, and helped to assure investors of their rights.
The real estate market in Dubai, however isn’t for the novice investor and does take a bit of due diligence for those people looking to make some money. One of the most important factors to consider when thinking about buying Dubai Real Estate is whether the developer is reputable. Since the property market has grown so quickly, it has left room for first time developers to attract investors with flashy pictures and 3D models, but without any real experience in real estate development. Eventually this means a lot of new home owners are moving into their new Dubai Apartment or Dubai villa and finding lots of structural faults. That said though, the rental market in Dubai has almost made this a moot point, as the demand for rental real estate in Dubai are such that landlords can rent anything for near record prices and consumers have no alternatives. Hopefully with the passing of the new Dubai Property Law, this will be eased in the future.