Why Invest in Dubai Property?

Why pursue investment property in Dubai ? While there are many viable and profitable property market around the world to invest in, the Dubai property market is different to all others, not to mention extremely new and full of promise. There are a number of reasons which we will outline below as to why a Dubai investment property is a wise choice.

Dubai 's population explosion has resulted in large numbers of investors from the world over buying, selling and investing in both residential and commercial property in the Dubai , an Emirate of the UAE. With huge numbers of businesses registering in Dubai every day, and the corresponding influx of new residents, the need for residential and commercial space has become great. Making the right investment and buying Dubai property is sometimes not easy with so many projects to choose from with the various villas and apartments.

Whether it is houses, offices, restaurants, showrooms, warehouses or any other type of property, with such a high demand for Dubai investment property, it rarely stays on the market for any great length of time. Here are just a few reasons why so many people are moving to this wonderful and vibrant Emirate:

• Year round sunshine
• Tax-free environment
• Cosmopolitan community
• One of the world's highest standards of living
• Low inflation
• One of the safest cities in the world
• Low cost of living
• Stable currency
• Peaceful co-existence of ethnic groups
• Dubai Means Business

As a leading regional commercial hub with state-of-the-art infrastructure and a world-class business environment,Dubai investment property provides investors with a unique and comprehensive value-added platform that make Dubai the logical place to do business. The city is also expanding its business district with ambitious freehold projects Business Bay and Dubai International Financial Centre, which aim to establish Dubai as a leading business hub in Asia .

The Most Pro Business Attitude

• Robust economic clusters including technology and internet hub, media hub, finance hub and healthcare hub
• Dubai believes that if its good for business, its good for Dubai
• Sophisticated fast - track business initiatives (business set up in 20 minutes in free zones)
• 139 of the G500 MNC`s in Dubai, 9 out of top 10 present in Dubai
• World class free zones

The Best Regulatory Environment

• No Corporate Tax
• No Income Tax
• 100% Ownership in Free Zones
• No foreign exchange controls, trade barriers or quotas
• No restrictions on capital repatriation
• Strong investor incentives and protections
• Easy access to key decision makers
• Relatively Low Cost Work Environment
• Access to low cost regional talent
• State of the art telecommunications
• Competitive energy costs
• Competitive real estate costs
• Competitive import duties (4% with many exemptions)
• Less expensive than Singapore, Hong Kong, Cairo and Bahrain

The Best Connected Location in the Region

• Ultra modern airport handling 13.5 million visitors in 2001 connecting to over 140 destinations
• Emirates Airlines consistently ranks among top 5 airlines in world
• Over 630,000 tons of air cargo handled in 2001
• 125 shipping lines with 47 million tons of cargo visited Dubai`s world class ports in 2001

Consistently Strong Economic Outlook

• GDP/Capita over $20,000 among highest in the year
• 10 year GDP Growth 8%
• Diversified economy - oil only contributes 10% to GDP
• Stable currency pegged to US$ at AED3.67:US$
• Very low inflation (less than 2.5% from 1991 to 2000)
• Non-Oil GDP growth of 9.6% per annum from 1990 to 2000
• Only 1.7% of active population unemployed

Easy Access to Regional Markets

• Total region population of 1.8 billion ($1.5 trillion of combined GDP)
• Access to huge talent pool of 13.8 million skilled degreed candidates
• World-class land, sea, air cargo infrastructure

Strong Foreign Trade

• Third most important re-export center in the world (after Hong Kong and Singapore)
• Ongoing effort to become a member of WTO
• Trade makes 16.4% of GDP compared to 14.5% for Singapore
• 9.2% growth in non-oil trade between 1989 and 1999

Thriving Tourist Destination

• 11.6% of Dubai GDP invested in tourism
• Hotels rank amongst the best in the world
• Over 2.8 million tourists visited Dubai in 2000
• World class restaurants, beaches and tourist attractions
• Internationally renowned sports facilities including golf, tennis, water sports, horse riding, dune driving and sand skiing.

Cosmopolitan Work Environment

• Over 185 nationalities
• Expatriates comprise of more than 75% of the UAE population
• Strong work ethic
• World-class international schools
• Excellent facilities for leisure, sports shopping and healthcare
• Progressive, tolerant and multicultural society
• Island of Calm in a Turbulent Region
• Stable economy with relatively low volatility
• Continuous political stability since its inception in 1971
• Ranked 23rd in 2002 Index of Economic Freedoms

Beyond all this, Dubai is a vibrant city full of different cultures that make this such a wonderful place. Owning your very own investment property in Dubai couldn't be easier, as we have professional agents ready and waiting to help you get the right Dubai freehold property today!