Dubai City Property by Dubai City Guide Summer

No one can talk about Dubai without the incredible Dubai property investment opportunities coming up in th conversation at some point. Dubai is globally recognised as a ‘hot property’ opportunity, with prime rising to the demand every year. Although the prices keep increasing, there’s no dearth of investors. Wonder why this is so?

The primary reason behind this massive real estate demand is freehold property ownership. While the current main city areas in Dubai have plenty of apartments, villas and commercial buildings for sale, they can only be owned by UAE nationals. But, the new developments coming up along the shorelines and residential areas can be fully-owned and held by foreigners, an attractive option in a city developing at a rapid pace and offering all the modern conveniences and luxuries anyone could ever ask for.

There are many expatriate communities in Dubai and almost all such communities are built around freehold property. Since the UAE doesn’t issue permanent residency permits, freehold property ownership is the next best thing for acquiring long-term residency in the country. Every 3 years, the freehold property owner has to renew his residence visa, but unlike others who depend on their employer to keep renewing their visas and the right to remain in the country, these property holders can stay indefinitely without any immigration issues.

Some global corporations with branches located in Dubai have also contributed to this increase for Dubai property. Because of these corporations, the job opportunities are higher and in turn bring in huge numbers of expatriate job seekers, who readily settle down in these freehold property developments. This is especially true in the case of Western and European expatriates.

The lack of property taxes, minimal paperwork and the extra comfortable lifestyle on offer are a few other factors influencing the property demand in Dubai. A few of the major property developments in Dubai include the Palm Islands, The World, Arabian Ranches, Dubai Marina, Business Bay, Dubailand Jumeirah, Lake Towers and Dubai Waterfront.