Dubai - Second Home For International Celebs

With the Sania-Shoaib saga finally fading into oblivion and the couple deciding to stay in Dubai

, one wonders why both of them like so many other celebrities have chosen to make Dubai their second home.

Dubai being a progressive city has done an outstanding job when it comes to embracing cultural diversity and its government has made all out efforts to foster innovation and enterprise by enacting suitable legislation. Not only has the Emirate been able to attract an unprecedented amount of foreign capital but the best talent from all across the world is also making a beeline to its shores. Its not only a staggering number of holidaymakers heading for cheap holidays in Dubai that makes the city richer but also a wave of noted personalities choosing to make Dubai their second home.

Celebrities from all walks of life have purchased property in the Gulf. For some of them, buying a piece of real estate in Dubai is not about making capital gains but also about status, class, comfort and style.

David & Victoria Beckham purchased their own villa in Palm Jumeirah way back in 2003 while Brad Pitt & Angelia Jolie bought a whole island in The World archipelago. Ace Tennis Player and one-time World Champion Boris Becker has lent his name to the Boris Becker Tower that will be one of the finest business addresses in the city. Formula 1 champion Michael Schumacher is also rumoured to have acquired property worth 7 million dollars in the Emirate after retiring from the racing circuit.

Golf Star Tiger Woods has also chosen to make Dubai his base given the regions phenomenal golfing infrastructure. Along with him other golf stars like Colin Montgomerie, Ernie Els, Greg Norman, Sergio Garcia, Pete Dye and Vijay Singh have also made significant investments in the Dubai property market.

With the swish set from all across the world lapping up precious real estate in Dubai, can Bollywood be far behind? Shahrukh Khan has donned the mantle of a real estate czar by partnering with Nakheel developers and is conceptualizing a boulevard in Dubai aptly named as Shahrukh Khan Boulevard.

Investments from corporates have followed suit with the Armani family planning to invest in a hotel within the Burj Dubai Tower. A brief analysis of the global real estate market shows that buying a property in Dubai may actually turn out to be cheaper as compared to buying freehold property anywhere else. Time will tell if it will ever be possible for people who struggle and wait for long to book a cheap holidays in Dubai to actually plan to make the city their home.

So, the next time you get on a cheap holiday to Dubai, do take time out to check its realty market as it may throw up some interesting options and who knows even you may be able to make a dream holiday home in Dubai.

by: neharajput

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