In recent years government of Dubai has reformed many of its property laws
. Due to these reformations more and more people are buying residential and commercial property in Dubai. People around the world have realized that making investment in Dubai is always profitable. Previously many foreigners were reluctant to buy property in Dubai but changing norms and market is attracting many people to Dubai.
Single family dwelling by foreigners has increased almost by 100% in last ten years. There are two main reasons which have played important role in attracting foreigners to Dubai.
Firstly, Dubai government is interested in playing a major role in world economy hence is finding out various ways to attract foreign business to the country.
Secondly, most of the people in other countries prefer Dubai for vacationing. They prefer making Dubai their second home for holidaying and vacationing. A large number of people buy Apartments in Dubai and turn it into their vacation home.
These are a few important reasons for everyone to invest in real estate in UAE. Looking at current scenario of the property market, property experts are advising to buy properties in Dubai now. Economic down crash is favoring all those who would be interested in buying Dubai real estate.
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