From a sleepy, pearl diving community to one of the most
dynamic and fastest growing cities in the world, Dubai has limitless
opportunities to profit from real estate investments. Part of this glowing
state of affairs is the fact that Dubai has no income tax. Other reasons
include that it is safe and politically stable. Dubai has excellent healthcare
facilities and a good education system. The infrastructure is modern, the
weather is perfect and leisure activities abound. Don't forget: salaries are
tax-free, a boon to the more than 2 million people who live there.
With all these favorable living conditions, every day more
and more people are attracted to living here. In addition, there are limitless
job opportunities so that real estate is a safe and growing portfolio
investment. Just recently a 7-star hotel has been built, shopping malls arrive
regularly filled with merchandise from the most luxurious retailers, and every
day new people arrive to live and work. This calls for even more homes and
apartments, so real estate continues to be a sure-fire growing investment.
Leading world corporations have invested billions of dollars
in Dubai real estate. Lovely Sea View Rental Apartments in Dubai complexes and villas have
been eagerly sought out by those newly arrived. Real estate law is simple in
Dubai: you can sell your property whenever you want and outsiders can own
property in Dubai. As property owners they are given a 3 year renewable visa to
live in the country. These arrangements make owning property in Dubai simple
and hassle-free.
As far as where to live in Dubai, almost every area is safe,
clean and filled with shops where you can buy anything you need, from groceries
to clothing.
The Dubai Marina district is a sought after area in real
estate, and for good reason. This is a beautiful area where one can find luxury
villas and apartments, a short distance away from the best dining, shopping and
entertainment spots Dubai has to offer.
The Jumeirah Beach Residence for Vacation Rent is definitely one to
consider; it boasts walking strip filled with places to dine and shop opposite
a beautiful beach and of course Bluewater island.
Downtown Dubai is one of the most sought after real estate
areas in Dubai; it can be described as the heart of the city, bustling with
activity and it is home to landmarks such as Burj Khalifa, the tallest building
in the world, and the famous Dubai Mall, the world's largest shopping mall
where one can find 1,200 shops.
The area of Al Barsha has one drawback: overhead power lines
are everywhere. Other than that, the local shopping is good and the security is
excellent.
The Arabian Ranches development is away from the city, so
you avoid traffic and construction. It is safe and secure and a wonderful
community in which to bring up children. It is near a fine golf course and polo
club. However, you're far from town and have to commute everywhere.
At Umm Suqeim you'll find old and new residences, ranging
from a little run down to magnificent mansions. Rents are fairly reasonable,
but they are not cheap. After all, the area is right near the beach and the
Burj al Arab hotel. You can shop for everything from antiques to groceries and
fresh fish. The location is excellent, with beach access and glorious hotels
with all their facilities available to you. You're near schools and medical
facilities. However, traffic can get congested with cars heading to the beach
The areas of L'Safa and Al Wasi have large green parks
surrounded by Dubai Holiday Villas with Private Pool and family homes. These are excellent places to live for
families with children However, you have to drive everywhere for everything,
although not very far.
If you don't mind paying top dollar for your residence, look
to Jumeirah, the most exclusive and desirable area of Dubai. The homes are
mainly low rise villas ranging from luxurious to uber magnificent. This address
runs along the coast and it has gorgeous views of the ocean.
