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Home > 10 Reasons to invest in Dubai

Property is cheap on an International level. Property is cheap in absolute and relative terms.

Dubai is in the process of creating an international property market from scratch, with foreign ownership of freehold only introduced last year. Buyers are given an exceptionally good deal to encourage them to be “pioneers”

The Dubai Government is working hard to prevent a shortage of supply and is giving land to developers as an incentive. What looks like massive supply today in Dubai may be nothing compared with demand in a few years time

A fundamental influence on property prices are rising building costs. The low US dollar is pushing up the cost of materials from Europe which is pushing energy prices to its peak.

Dubai is a city where a lot of people earn high tax-free salaries and are in a position to support higher house prices. This is a city with a 20-year track record of strong economic growth and will continue to attract foreign and regional inward investment.

Dubai has now become an international business and re-export center. The country has developed rapidly over the past 10 years and has transformed itself into a highly diversified international business center of global significance,

Tourism - Over 3.4 million tourists visited Dubai in 2001 and this figure is expected to grow to in excess of 6.0 million by 2010.

It is presently up to 40% cheaper to buy than to rent, so buying a big villa costs the same as renting a small one. The 10% down payment on a new villa is the same as the upfront annual rent payment. Rental yields of up to 10% are achievable in Dubai

Prices for properties in Dubai are appreciating steadily at the rate of 10% - 15% per annum, (for some developments even greater). It is estimated that by 2009, based on current growth, your initial financial investment is expected to at least double.

Attractive Currency Rates
The local currency, AED (Dirham) is fixed with the US dollar (3.675 AED: $1). The recent strength of the pound against the dollar means by investing now, investors are achieving a 10% - 15% ready equity compared to the same prices a year ago.

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