The attraction of property in Dubai has been consistent over the past 3 years. Investors who bought early are already reaping the rewards of this unique and exciting property market. What makes this market different to the rest are the types of property being bought and the way it is being financed.
Types of property tend to be luxury apartments being bough pre construction. The way they are being financed is with the investors own money. Buying off plan allows Dubai property investors to make payments in stages over 2 or 3 years.
Dubai is the most populated and second largest Emirate in the United Arab Emirates. It has seen enormous construction and has attracted investors worldwide to its real estates projects.
The good news is that the Dubai real estate market is maturing and the big banks have woken up to the fact that Dubai mortgages are potentially very big business.
The early troubles with a Dubai mortgage all stemmed around the difficulties foreign buyers had securing the freehold on a property. Since the announcement on March 12 2006 that non United Arab Emirates nationals may be given the right to own freehold properties in some parts of Dubai, massive interest has been stirred in overseas property investors. Demand is surging and real estate is in short supply many off plan developments sell out in days of release.
Now with laws passed and established zones in Dubai where freehold ownership is not in question the banks are finally acting. The Dubai mortgage market is set to be one of the most competitive markets in the world. The worlds investors are looking at Dubai long and hard. Investors will not tolerate being ripped off with high price mortgages.
Unlike many overseas markets most freehold property in Dubai has not bought with mortgage finance. This gives the market a huge amount of resilience. Many of the mortgage providers in Dubai will only lend to non residents in the Dubai freehold zones.
Properties for sale that are suitable for foreign buyers are in the following freehold zones: Dubai Sports City , Dubai Marina , I.M.P.Z. International Media Production Zone , Jumeirah Village , The Palm Jumeirah, Shaikh Zayed Road, International City, The Lagoons, Palm Deira, Jebel Ali Airport, Emirates Road, Dubai Land ,Business Bay ,Downtown Dubai and much more
So what is attracted international Banks to Dubai that's simple money and plenty of it. Dubai's population is currently in the region of 1.4 million citizens, by 2010 it is expected that Dubai will be home to 3.5 million residents. The Banks anticipate a huge demand for property and in turn a big demand for mortgages. The large multi nationals will be moving in and with them their employees all needing a place to live.
Most of Dubai population is set to be made up from people from overseas. Dubai will be truly multi cultural multi national and that feeling is already in Dubai. Experience Dubai nightlife and you will see it is a truly multi national experience.
The future for the big banks is bright as overseas investors will feel more secure going with mortgage providers that they are familiar with.
In all Dubai appears to be a great place to invest in real estate
Related Articles
A Guide to Investing in Property in Dubai
By: Simona Coates | 26/06/2008 | Business
Property investors in Dubai are slowly beginning to show more caution when purchasing property in Dubai, as there exists enough historical data to indicate which developments and property types are sure to offer the best capital growth returns and rental yields.
Dubai, being one of the seven emirates that compose the...
Dubai Online For Tourist Boost Thanks to New Low-cost Airline
By: Henry Bates | 07/08/2008 | Travel
The name of the newest edition to the low-cost airline for Dubai is called FlyDubai, and there are plans to provide no frills cheap flights to and from Dubai.
The aim is to have the first flights launched by mid 2009. This new company has recently placed an order for "54...
More on the Property Investment Market in Dubai
By: Simona Coates | 27/06/2008 | Real Estate
Investing in property in Dubai is the smart and obvious choice, especially following on from the passing of Law Number 7 that allows for the 'foreign freehold ownership of property' in certain designated areas in Dubai.
However, there still remains an underlying factor which may seriously reduce the allure of Dubai:...
What to Do in Abu Dhabi
By: Henry Bates | 14/08/2008 | Travel
A visit to Abu Dhabi is incomplete if you have not stopped by the charming Heritage VillageIt is serenely positioned overlooking the Corniche, near Abu Dhabi's Breakwater and only a short distance away from the imposing Marina Mall.
Visitors can guage some inkling of what life was like for Abu Dhabi's...
All You Need to Know About Abu Dhabi and Dubai
By: Henry Bates | 15/08/2008 | Travel
Abu Dhabi is a unique destination in the emirates, where luxury and style are infused with the traditional values of hospitality and respect. With sunny weather, tranquil beaches, lush oases, a vibrant city life, as well the mixture of culture and traditions ensures a congruent coming together, which results in...
Dubai and the Pros and Cons of Investing in Its Property Sector
By: Simona Coates | 03/07/2008 | Real Estate
Dubai, as a property investment destination is poised to be a top choice property for a while yet, according to research from an overseas investment portal.
Enquiries to the website from over 170,000 visitors in January 2008 give an early indication that Dubai is one of the most sought-after locations, according...
Why on Earth Invest in Thailands Bangkok
By: Nicholas Marr | 27/01/2008 | Finance
Thailand real estate often discounted by international investors as a place to complicated to invest has some stunning opportunities. Low level price entry means capital growth is almost assured as Thailands tourist industry and grows.
As Dubai Property Boom Slows Down, Investors Look Northwards
By: Andrew Hillis | 27/07/2008 | Business
The current state of Dubai, following the recent introduction of an escrow law, where developers in Dubai are now not allowed to make use of use purchasers' deposits on other projects, coupled with the ever increasing costs of raw materials for construction, has now resulted in many developers deciding to...
Got a Question? Ask.
Ask the community a question about this article:
Q&A Powered by:
Latest Finance Articles
Why Finding the Right Coin Price Guide is Important
By: Gareth Bray | 29/08/2008
If you're new at coin collecting, you might find yourself overly excited at the prospect of finding or holding a coin that's priceless. Some coins are worth more than others, while other coins are not worth anything at all. To help you figure out if what you have is treasure...
The How and Why Behind Online Stock Investing
By: Jack Benson | 29/08/2008
Do you want to get involved in stock trading? The modern and easy way to do it is online.
Let's explore a bit of the history of stock trading. The first continuous stock exchange trading took place in Amsterdam during the 17th century. Before this stock exchange, during the 13th century...
Benefits To Refinancing Your Mortgage
By: Edwin Hezron | 29/08/2008
A lot of people don't really understands what it means to refinance your mortgage, Though it a popular term but it has been greatly misunderstood.Despite the several factors that may influence it, there are different benefits to refinancing your mortgage.
Refinancing your mortgage has a lot of advantages in this our...
Finding Finance Inside Your Business
By: Rakesh Gaikwad | 29/08/2008
Many businesses are finding it increasingly difficult to secure funding for expansion at the moment due to the credit crunch, but there are still ways to raise the money that you need for expansion.
The first thing to remember about borrowing money is that you will need to be able to...
Try An Asset Protection Trust In Mauritius To Pass Your Assets On To Your Family!
By: Ramapati Singhania | 29/08/2008
Asset protection trusts are time tested legal instruments to save your wealth and pass it on to whomever you choose.
Why You Need To Avoid Repeated Finance Applications
By: Peter Kenny | 29/08/2008
Over recent months lenders have had to really tighten up on their lending criteria, and this means that many of those that may have been eligible for a credit card, loan, mortgage, or car finance last summer may now find that they encounter real difficulties when it comes to getting the credit that they need
How To Use Debt Consolidation To Get Yourself Out Of Debt
By: Peter Kenny | 29/08/2008
With the increased costs of energy, fuel and food, more and more homeowners are finding themselves in financial difficulty having to cope with these rising prices as well as higher payments on their mortgages because of higher interest rates charged by lenders
Make Sure You Get A Fair Price For Your Home
By: Peter Kenny | 29/08/2008
Most people have heard that the property market has slowed down considerably over recent months, with a number of factors affecting the level of property sales that are being seen. Estate agents have reported very poor property sales, and many homeowners are struggling to try and sell their properties
More from Nicholas Marr
A Crete Travel Guide
By: Nicholas Marr | 06/07/2008 | Travel
The Greek Island of Crete is attracting an increasing number of visitors, this is a guide to the island that is set to be a holiday home hot spot
Mauritius - More Than Sunny Beaches
By: Nicholas Marr | 30/06/2008 | Finance
Recent propery investment trends have seen property in Mauritius selling very quickly to overseas buyers. So why is this island so attractive to the international buyer and tourist alike. This article gives an insight into what the island has to offer
Travel to Costa Blanca Spain
By: Nicholas Marr | 27/06/2008 | Travel
Costa Blanca Spain one of the most popular places to visit in Spain. This is a guide to the area that offers a lot more than sunny beaches with an array of villages and activities for both young and old you will be surprised what the author has uncovered in this holiday hot spot
Buyers Market Costa Tropical Spain
By: Nicholas Marr | 11/06/2008 | Finance
Spanish housing market like many others is experiencing a slow down. This is a golden opportunity to buy in Spain . This article identifies a great region in Spain ideal for a holiday home, retirement or a second home in the sun this plaxce is Costa Tropical
Greek Island Crete Good for Property
By: Nicholas Marr | 05/06/2008 | Finance
Buying property in Greece then you may have thought about the Greek Islands. Crete is one of those special places where tourism and buying a holiday home merge. This article gives an insight into Crete and the property market on the island
Canadian Real Estate Think Vancouver City
By: Nicholas Marr | 31/05/2008 | Finance
Canada is a popular place for international buyers many seeking relocation and other searching for second home in Canada. I have examined the case for Vancouver and I uncover a city that is full of surprises including a real estate industry that appears stronger than most
Costa Brava Properties Makes Spain Popular
By: Nicholas Marr | 22/05/2008 | Finance
Spain is one of the most popular places to buy property for international buyers. This vast region offers a variety of lifestyles to suit most people. This article examines one area the Costa Brava as a place to buy real estate in Spain
Go Brazilian for Land
By: Nicholas Marr | 22/05/2008 | Finance
Brazilian land is so hot that the low prices it offers are now heading sharply upwards,however with land available in its plenty its not too late to grab yourself a bargain.Imagine owning a plot of beachfront land that will see good capital growth and offer you a place to build for the price of a small car
Finance 
