Dubai Real Estate

In such a competitive global real estate market, it takes something really special to capture the world’s attention, but Dubai real estate has done this and more these past few years. It may be hard to believe now when looking around at all the Dubai property on offer, but foreigners have only been able to purchase property in the Emirate since 2002. This change in the law to allow Dubai property to be sold to non UAE nationals also heralded the explosion in freehold property options for sale. Dubai real estate was now in a position to attract overseas investment in the property market, and it decided to do so in a spectacular way.
 
Starting off with Nakheel’s the Palm Jumeirah project and Emaar’s Dubai Marina, Dubai property was never going to require long to take off. Dubai real estate can boast property developments simply unmatched anywhere else. A huge number of people from all over the globe are very much aware of the Palm Jumeirah, and for many it’s the first thing that comes to mind when thinking about Dubai. The man made island shaped, like a palm tree set out in the Arabian Gulf offers some of the most sought after villas and apartments in Dubai. The Dubai Marina also offers some of the most sought after waterfront property going, and all at a fraction of the price you would expect in Hong Kong or Manhattan.
 
And since the launch of these groundbreaking freehold real estate projects, property in Dubai has not stood still. Countless projects have come to market offering some unique and spectacular property, which has something to offer for all kinds of buyers and price ranges. The building of the Burj Dubai, the world’s tallest building has further cemented Dubai’s reputation of defying the odds, and with dedicated commercial real estate developments such as Business Bay and Jumeirah Lake Towers, Dubai has significantly enhanced it role as trading hub for the Middle East.
 
Dubai properties have proven immensely popular for both the standard of real estate and the great life style on offer here. Very few places can offer such an array of property in such a location, and at a competitive price. Dubai has undoubtedly become one of the hottest real estate markets in the world of late, and looking around at what is available, it should really come as no surprise. With so much going on in Dubai, real estate here looks set to remain a strong long term investment.