subject: Property in Dubai: a Great and Wise Investment Option [print this page] In this moment of global economy melt down the only wise and secured investment choice is Investment in property in Dubai and Northern Emirates, where price per square foot is considerably more cost effective than most cities in the world.
Why investing in Dubai is a wise option?
Fast Growing Economy
Dubai, a desert city which once a stretches of white sandy beaches, now a heavily developed city in only a decade's time that it is now competing as one of the top most tourist's location. Now Dubai is the hub of business and tourism offering office complex, five star hotels, apartments, lively bars, superb restaurants, sky scrapers as well as night clubs etc which make it a tourist center and vacation place for people of the world.
Also, there are more prospects for development over the next decade and beyond because of the incredible scale of developments planned in the near future which has been attracting expatriate, professionals relocating to Dubai and region.
The Location
Dubai's fast growing economy is largely due to its location, which gives it trading opportunity with Europe, Asia, Africa and Russia, as well as being at oil-rich Gulf region. These give the world's biggest financial and corporate institutions reasons to do business in Dubai and the Northern Emirates.
A dynamic mix of business and tourism
In only the last few years, Dubai has gone from a popular holiday destination to a twenty-first century city. Marked out by the world famous Burj Al Arab 'sail' hotel, it now has a skyline to rival Singapore or Sydney, a booming tourist industry, and a superb year round climate.
No Capital Gains or Income Tax
Unite Arab Emirate is one of the countries where income tax and capital gains is not charge on individuals and gains on capital appreciation.
Real Estate Investment Opportunity in Dubai region
Meanwhile, Dubai is a developed city but there are some fantastic emerging investment opportunities for the informed investor. The newest and most exciting property hotspots are Dubai Sports City in Dubai land and the beautiful region of Ras Al Khaimah. Superb opportunities exist here for off-plan investors looking for significant capital appreciation and high rental yields.
Property in Dubai: a Great and Wise Investment Option
By: Michael J. Thompson
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