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Friday, September 4, 2009

Profitable Investment Options in Dubai Real Estate Property

By Mohamed Whitesnow

The real estate market in Dubai is showing wonderful prospects and today it would be a smart decision to buy real estate in Dubai. The value of real estate is increasing gradually in Dubai due to the high tourist footfall and Dubai becoming one of the most important trading and holidaying destination of the world. The rental expectancies of a property in Dubai are high as well, with a steady growth, that is coming to be an important reason for many to obtain Dubai real estate.

As one of the swiftest evolving cities on earth Dubai has become a brilliant prospect for investing money in the industry of real estate. It is one of the most popular holidaying sites for tourists from all around the world, especially for those who can afford it. This is the motive for the sudden rise in the real estate business in Dubai with key sites being chased after hotel and resort construction. If you are able to buy property in Dubai you will have the opportunity to pick up multiples of the investment later.

Due to the enormous demand in Dubai properties, the prices have gone up enormously with overpricing of property becoming one of the major issues. The properties sector of Dubai has not been able to come up with a solution for the problem of deficiency of supply in comparison to the enormous demand that is there in the market. For this reason, before you plan to buy a property in Dubai, do use professional advice to understand the correct value and growth prospective of such real estate. Without proper professional help, you may end up buying something with an overrated price and low future potential.

There is a enormous disharmony if we compare the supply of apartments and villas in Dubai. The Dubai real estate market has not been able to meet up to the demand of the number of villas in comparison to the availability of the apartments. The size of the land used and the facilities are the main reason why construction corporations are more interested in high towers with flats rather than the villas.

If you are trying to locate a good bargain for investing in property then you could opt for the Jumeirah Beach Residence as a property in Dubai. It is one of the greatest places to live and location for business property as a venture of the globe with on which the expenses incurred of approximately U.S. $ 1.6 billion. There are many those buildings that run as hotels in the same locality yet investing a substantial amount in JBR is among the best decisions to take as far as investing in property is concerned in Dubai. From the point of view of Gross Domestic Product, the industry of developing property and the industry for real estate in Dubai has offered immense development in the past few years and it seems like it will improve further.

At present, the income from rent is nearly 6 to 11% of the value of the real estate in Dubai. Therefore, you can clearly say that the real estate sector of Dubai has huge prospects you can easily invest in the high-rise apartments with proper guidance from the local investment groups and reputed realtors that are available in Dubai. You can also conduct your own market survey about the real estate pricing through the internet and thus settle on your choice of apartment.

Make sure that you do a good background research about the property that you are going to buy in Dubai as sometimes due to the high demand the chances of overpricing of property becomes a major issue in Dubai. However, rent or resell, you can make a good profit from your real estate in Dubai as a long-term investment because the prices of these properties will surely raise in the near future. According to market analysis and survey by economists, the growth percentage of houses in Dubai is estimated at fifteen percents annual rate.

Always be careful about the area in which you are acquiring your home in Dubai has ability to develop. The worth of the property will definitely multiply for a villa or a flat a hotel or a resort or the likes is located near it. The market for property and estate is a right step to take for investment. Even if you are purchasing the land with the security of a loan the money from renting it out for your land will be quite enough for it to be repaid and soon enough you will be making great profits.

A final note on how the worldwide economic depression influenced the real estate prices in Dubai. As most of you have expected the prices have dropped dramatically. So the end of September may be the right time for purchasing properties in Dubai with a decent price. - 23222

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