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The Dubai real estate industry has been flourishing for some years now. Even the recent economic setback could not lend pull back its forwarding thrust. Investors still consider investing in the properties of Dubai as a very safe option and real estate industry of Dubai continues to offer high return on investments.
Add to its credentials as a hot tourist destination. Reasons are aplenty why everyone aspires to have a property in Dubai.
This increasing demand has made Dubai a breeding ground for real-estate investors across the globe.
The influence of the Al-Maktoums
There’s a specific reason why these properties in Dubai are so influential. The Al Maktoum family came into power during the late 19th century and changed the whole scenario. Dubai faced many stoppages during the Second World War, but it has still managed to boost its economy mainly due to the measures undertaken by the Al Maktoums. Further, there are many free trade zones in Dubai, which adds to the GDP growth of the country. Since the arrival of Maktoums, their successors have made quite similar decisions regarding the infrastructure, which has worked for the economy and the real-estate in Dubai.
It’s interesting to know that the number of expatriates living in Dubai is very high. Nearly every 1 out of 3 people is an expatriate. To add to this, recently a new rule permitting foreign investors to buy and keep real-estate in Dubai has been brought into action. This comes as a welcome change to foreigners in Dubai. It implies that unlike before, anyone can now buy apartments, properties and the famous Dubai villas. Foreign investors were and will always be keen about the real-estate industry of Dubai. Now, with this new rule foreign investors are boosted further to invest in the properties of Dubai.
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