Property in Dubai
Property in Dubai by Shelter Offshore in Property Abroad
Published on 14 June 2008
The government in Dubai recently announced that it wants to improve the sustainability of its property market and the appeal of the emirate for generations to come through enforcing green building standards on all new developments.
The very first developer to sign up to this new proposed legislation is Nakheel which is going to abide by the strictest ‘green’ construction standards in the industry as laid out by the US Green Building Council. So at last Dubai’s property market is going green. In our opinion at Shelter Offshore this could not happen soon enough – and it actually bodes exceptionally well for the ongoing increase in environmentally conscious construction globally because where Dubai leads, many other markets follow.
Published on 12 June 2008
You may think that we have lost interest in the property market in Dubai but you’d be wrong. We’ve just been busy looking at other markets around the world where there is also growing opportunity. But yes, we have neglected Dubai’s real estate landscape but now we’re back on the case.
If you were thinking that the heat had gone out of the market or something, you’d be wrong – and in this article we’ll seek to remind you why buying property in Dubai can make fantastic fiscal sense!
Published on 07 May 2008
The fascinating thing about the property market in the UAE is that in spite of the rest of the world reeling under the strain of the credit crunch, mortgage market meltdown, inflation pressures and currency problems, the UAE and Dubai real estate markets are not just surviving, they are thriving!
The reason for the current buoyancy in the UAE is largely down to the fact that local investors are reining in their overseas ventures because of the above list of issues and they are focusing significantly on investments in their own backyard. So property in the UAE and in Dubai in particular is doing quite nicely thank you out of the fact that interest in the region is certainly not abating.
Published on 29 April 2008
While us mere mortals worry about our mortgages and what the lack of credit and affordability in a market means for everything from our day to day living costs to the value of our homes, the super rich and mega wealthy are seemingly unaffected and are going about their daily business as if all in the financial world was perfect!
To prove this point, high end, luxury property in Dubai is bucking the pricing trend, and it’s the super expensive properties that are flying off the realtors’ books according to a report in the Sunday Times.
Published on 17 April 2008
It’s official, the British love affair with real estate in Dubai means that now the British own more property in Dubai than any other foreign nationality, and it seems that the British thirst for Dubai homes is not abating either!
With the news that the UAE offers the highest expat salaries and that expats in general earn far more than their peers back home also just released, we can expect to see a strengthening surge of UK citizens head for the United Arab Emirates for employment and this will also have a positive effect on the housing market in terms of demand.
Published on 24 March 2008
With news that Dubai based Emaar Properties, which is the largest property development company in the Middle Eastern region by market share, is about to take over the US and European property construction scene, what’s happening locally in Dubai’s property market that is of valuable news for property investors?
Well, the answer is quite a lot – so just when you thought that maybe Dubai’s real estate landscape was going off the boil in terms of demand or affordability, you need to think again!
Published on 05 March 2008
By now it’s such an incredibly well documented fact that the Dubai property market is so hot there’s steam coming off it – and it has been in such an agitated state ever since a relatively tentative announcement was made that foreigners would get the right to own freehold property within the emirate. Now that that announcement has become reality, the market has matured nicely and is a thriving addition to the economy of Dubai. The downside of all this great news is that if you haven’t already bought real estate in Dubai you may well be priced out of the market and/or have missed your opportunity to profit significantly.
So here’s something to soften that blow – there are alternatives to buying property in Dubai for those who love the wealth of the region, the type of real estate market emerging across the UAE and who want to potentially enjoy substantial positive movement in terms of the value of the assets they buy. There are emerging pockets of property based potential across the UAE in locations such as Abu Dhabi, Ajman and Ras Al Khaimah…
Published on 22 February 2008
Since the right for foreign nationals to own freehold property in Dubai was passed into law, the prices for residential real estate in the emirate have famously gone through the roof. And even before the law was passed, many chose to speculate on the real estate market in Dubai and they have since gone on to profit substantially.
Now, having seen the pattern of house price appreciation in Dubai, developers and investors are turning their attentions to the likes of Abu Dhabi and Ajman where the real estate markets are emerging and where there is greater room for profit potential, so this bodes the question, where next for the property market in Dubai?
Published on 24 January 2008
Until 2002 it was not possible for foreign nationals to own freehold title to property in Dubai...however, in a bid to boost investment into Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced that he would change the laws back in 2002 and a property boom ensued.
Until 2006 however, the law change was not in effect and those who bought beforehand took a significant risk. They were also the ones to gain substantially from the huge rise in real estate prices that the emirate has enjoyed! Nowadays buying property in Dubai is incredibly straightforward and safe, and you can even get mortgages locally or internationally to assist your purchase. In this article we cover the Dubai property buying process.
Published on 19 December 2007
As the property market in Dubai continues to explode, along with the population, many would be investors are eyeing this emirate with extreme interest. If you’re considering buying property in Dubai you are in excellent company, with investors coming from all over the world at the present time, this little region is on fire with growth. Should your intent be to buy-to-let real estate in Dubai however, there are some things you should keep in mind.
Dubai is a popular expatriating, holiday and investment market, but its government is serious about a few things. Just as sure as the Dubai landscape is beautiful, warm and loaded with activities, the government takes its own rules very seriously. In this article, we’ll explore buying property in Dubai to let and one particular practice that could get you in trouble if you don’t know what you’re doing.
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