Dubai is certainly a dynamic property market. Villas and townhouses are sold within a very short period of time. Developers offer rebates to investors who invest heavily and if you buy an entire floor of a building, chances are there that you will be offered discounts that will position you to achieve windfall capital gains over a period of time.
However, there are some regulations; especially if you are a non resident. The first and foremost is that you must have resident visa to buy property in Dubai. But those who have the resident visa with themselves or are the residents of Emirates, are sitting on a stack of opportunities.
With its ever-flourishing economy and increasing headcount, residential properties in Dubai enjoy astonishing volume of demand. According to the estimates of Emaar, a Dubai-based developer, there are about 20 residential projects that are open for sale in Dubai, currently.
Most of the property projects are located within the radius of 20 kms of the central business district where the Sheikh Zayed Highway runs alongside the emerging Burj Dubai district. Projects near the location of ‘Dubai International Financial City’ are the most sought-after ones that have the potential to deliver returns to the tune of 50-200 per cent in the next three years.
For investors looking for regular income in the form of monthly rental, furnished apartments offer superior rate of return on investment. Unfurnished properties in Dubai, on the other hand, are preferred by mostly the non residents who move into the city just recently.
For more details on Dubai Real Estate, log on to magicbricks.com
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