Investing in Dubai Real Estate Market as its Government Levies
There are many advantages of investing in Dubai real estate market as its government levies no property tax or capital gains tax including the cash in the form of rentals and with the rising rate of population growth its indigenous and immigrant population is expected to triple in the coming 10 years, with unexpected flux in population the average rents are likely to be doubled which will make a Dubai into capital generating asset and the playground of real estate agencies. There is no complex legal and paper work involved when buying properties in Dubai. Foreigners from any part of the world can very easily get the UAE residential permit just by showing certain investment money to its government or by doing brief visits at least after every four months. Dubai has developed from a mere fishing village in the gulf to a rich brimming state seemingly overnight. With the Freehold Law passed in 2005, foreigners have the luxury of leasing property in the peaceful land of Dubai and are able to sell or rent out property. With oil money fuelling Mohammed bin Rashid Al Actium’s aggressive campaign to turn Dubai into worldwide tourist destination, many architectural projects have sprung up with the Burj Hotels and the Palm Islands at the forefront. These have attracted worldwide attention and have turned Dubai into a property hotspot.
Dubai marina is an executive, luxurious and an expensive living project, completed in 2005 is located in the west of Dubai in a region known as new Dubai. It’s located by an artificial canal stretched along the Arabian Sea by more than five kilometers; it covers more than 15,000 square kilometers of land and supports the living of more than 150,000 people, it is very near to Ali Jebel port and media and education city Dubai. Apartments for rent in Dubai marina are very easily available. The whole project is based on the marina city of Burlington Canada. The Dubai marina has been funded by Amaar properties of UAE and has been constructed by KOH California; it holds the record of world’s largest artificial marina and unlike other esteemed projects it is open to general public. Whether you wish to visit Dubai for tourism, business or to live in Dubai for permanently, these are the high times, people of Dubai are very hospitable. Dubai offers wide variety furnished apartments, residential villas and condos. If you are coming on short visit to Dubai and if you can afford you can always rent in Dubai marina, marina apartments comes equipped with all luxuries and amenities of life, the apartments can booked from many property traders and travelers. The rich newlywed’s couple and families on vacations will find marina club Dubai very suitable as they offer living standards much better than three or four star hotels. All the condos of club offer stunning beach view to its inhabitants, the famous seven stars hotel Burj Al Dubai and Palm resorts are only ten minutes drive from marina club Dubai.
Author Bio
Alicia Arlen has been associated with the real estate industry of Dubai for the past 8 years. Being a real estate broker herself, Alicia Arlen specializes in Properties to Rent in Dubai , especially Rent Apartment Dubai and Dubai Properties for sale . She writes articles for various online blogs and is a regular contributor here on our site.
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