Dubai is now being recognized as the business, leisure and
sporting capital of the Middle East. Overseas property
buyers and its millions of visitors each year are attracted
to the liberal attitude and relaxed environment. Live and
let live is the feel of Dubai where the majority of the 1.5
million populations are in fact expatriates.
Doing business in Dubai is surprisingly easy with minimal
bureaucracy and a can do attitude that makes Dubai an
attractive place for big business. The country wants inward
investment and to increase its population. Politically
stability and low crime are also one of the features of
Dubai. International visitors feel safe and the presence of
heavily armed police and army is not present in Dubai. How
this state has achieved such an oasis of tranquility is
remarkable. The ruling Royal family are admired and spoken
highly by the people of Dubai. It may be the lack of
political interventions or political parties in Dubai that
may indeed make this place harmony.
The climate in Dubai is sub tropical and arid rain is seen
during the winter months of December to March. The average
temperature is between 10-30 degrees Celsius and can reach
up to 48 degrees in July and August.
International investors buying property in Dubai include
Russian, British, Indian and Pakistani investors. The
French are now seeing the potential of this region and I
anticipate will also become one of the major investors in
this region.
Investors from the Middle East and United Arab Emirates are
amongst the earliest investors. Buying property in Dubai as
an overseas buyer is quite straightforward. The majority of
real estate in Dubai is available off plan or pre
construction. Typically as property developers launch a
project there is flurry of activity amongst investors.
Seasoned investors have speculated about the bubble
bursting in the Dubai real estate market.
Oversupply has led to concerns by overseas property
investors. In 2010 the number of homes in the region is set
to double to 530,000. The commercial sector is also
expanding at a rapid rate with office space set to triple,
so who is going to buy all this real estate? Dubai Property
Executives explain how Dubai is as great place to invest.
Nakheel is a government backed property developer Chief
Executive Chris O'Donnell 'People do get a little concerned
about Dubai, thinking we are just building and hoping we
will sell the product on completion. But we sell product
prior to starting construction. Everything you see at Palm
Jumeriah has been sold" Property Developers Dubai
Properties Chief Executive Mohammed Binbrek "We do not
begin until the units are sold and then we ask for a 70%
deposit." When asks if he thought the Dubai market would
crash with so much construction he replied " Around 40% of
the population is under 20 add this factor to a population
that is growing it implies much more houses.
With so much construction planned to make Dubai the city of
the future it is a great time to buy property in Dubai
----------------------------------------------------
Nicholas Marr is a lifetime property investor and CEO of
Marr International Ltd a UK based property marketing
company that is responsible for one of the worlds leading
overseas property web sites at
http://www.homesgofast.com/home/Dubai/
and http://www.dubaihomes4sale.co.uk/
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