Dubai – A City of Unique Structures

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Dubai is one of those places that are considered to be the top most priorities of an investor to invest his money in. especially in the field of real estate business all over the world Dubai properties have a charm of their own. They can hardly be compared by any other place on the entire planet as the innovative ideas and the luxurious lifestyle that Dubai real estate produces are simply unmatched at all levels throughout the globe. It is a fact that the investors too have shown their complete faith in this city’s resilience as a real estate market because had they not put their belief in, this wonderful opportunity might not have been created.

But the most important role that was played in the development of the city as a successful property market of the world was of the city’s administration. Under all sorts of circumstances the Dubai Government kept working in the right direction and as a result, they were able to retain the status of being one of the best reputed business cities. At the same time, they injected money into the state’s development projects at a time when the city was totally out of the world view. They developed a city out of a desert and it stands today as a real estate giant in the comity of nations.

Nobody might have been able to think fifty years ago, looking at the city, that one day it will be home to some of the most extravagant property projects in the world. But today, Dubai has the Burj Khalifa in it standing tallest in all the world and The Palm Jumeirah Islands that is a unique property project in the world today. Princess Tower is the third tallest property project in the world and it too is present in this very city. One of the most distinguished real estate projects is Dubai Marina is also established in this city of wonders. This certainly is one of the best property markets in the world and ranked by Alexa at 12^th among the 27 top real estate markets surveyed all over the world.

Dubai Rentals – Best Shelter for Expats

Dubai is a land for all. People from all parts of the world come here and get the best out of this city in monetary terms for their families back home. It is one of the largest hosts of expatriates in the world and that is why Dubai is known for its expats instead of its locals. Hundreds of thousands of Indians and Pakistanis live here along with a large Bengali community and the locals are far out-numbered by the expats. According to an estimate about 84% of the population comprises of the expats in this city. This is the main reason why Dubai rentals are so popular among the public because the larger portion of the population is not permanently resided here.

The Dubai real estate agents also focus the rental properties more because of this reason and the clients who are interested in buying properties go to the very well-renowned property agents who are known for their big deals. The state economy is dominated by the tourism and business industries so the influx of the expats in the city has never died out and there seems to be no end nearing it as well. In fact only recently the Dubai administration has allowed the foreign nationals to own property in the city as well which will further increase the interest of the businessmen in the local property.

It is also a fact that it has been the expatriates that have worked here for better earnings and have now become an integral part of the state’s economy. They were the people who turned Dubai into what it is now because in the beginning, the local personnel were not very well developed. Over the years, the Dubai economy has based on the skill and expertise of these expats and now the backbone of its economy that is real estate, is also going to rest with this vibrant sect of the Dubai population in the future. Real estate pundits foresee an even brighter future for the real estate especially the rental property in Dubai.

Be Watchful if you Live on Rent in Dubai

Dubai is a mega city with over two million populations residing in it that includes the local as well as the expatriate population. Most of the expatriates are from South Asian countries like India, Pakistan and Bangladesh and they normally live in Dubai rental apartments because it happens to be an absolutely perfect residence for them. The biggest issue these guys normally face is that of the tenant laws that normally the people do not understand due to lack of knowledge in the legal matters. It is probably one of the most frequently raised problems in the Dubai courts as normally the tenants are not aware of the important clauses of the agreement that they sign.

It is important for the tenants to read the agreement properly before he rents the house because it is this document that is to be presented in case of a dispute. The points and clauses written in it must be understood in detail and anything that may cause disagreement must be brought into writing once the agreement is reached. It is also important to remember that there can be clauses in an agreement that contradict the law of the land and must be looked at carefully before signing the contract. It is better to have a property agent who can look after these legalities in an experienced manner.

Dubai properties have once again started to rise to new heights and during the past few months, 18 months to be precise, the property values have increased steadily and it is foreseen by the real estate gurus that it will continue to rise at the same steady rate for the next few months and then get further elevated at a quicker speed. The rental rates have also gone up with the revival of business in the city. Expats are coming in large numbers to the city again and as they are always more inclined towards Dubai rental apartments, it is a must for them to hire an agent as lawyer can be too expensive and carefully read, understand and negotiate the rents of their properties.

Dubai Real Estate is Just another Offshoot of its Flourishing Economy

Dubai is located just at the right place to attract all the business from the neighboring countries and the region. It is also at a perfect location for being the center of all the investment that is to be done in the region by the businessmen belonging to other countries as it hosts a number of businesses that have set up their regional headquarters in this city. This great gift by the nature has helped it to attract all the business in the region towards it and that is why the economy of the state has become strong enough to attract thousands of expatriates from different countries of the world to come here and is utilizing their skill. This has certainly led to even more benefit for the economy as the prices of Dubai properties have increased manifolds due to these expats.

These incumbents normally come here for the sake of business and also for seeking jobs and this fact cannot be neglected that these businesses are the biggest source of attraction for the Dubai City and tourism comes next to it. There are people who think that the Dubai economy is based on oil export and tourism only but it is quite a wrong assumption because Dubai never enjoyed hegemony on oil in the United Arab Emirates and tourism was developed only after Dubai had made its mark as a business center.

This business charmed the skilled workers from all parts of the world to come here and work for a better earning and the South Asians took made full out of this opportunity. Expats from other countries also came here and in a very short time Dubai became one of the leading economies of the world. This, in turn, reproduced more business and the Dubai real estate also kept booming as these incumbents also buy and rent apartments and villas for living. Right now it is one of the most flourishing real estate markets in the world and ranked 12^th among the 27 best real estate markets in the world recently by Knight Frank Prime Global Cities Index and it is hoped that it will continue to rise steadily during the next several years.

The Resilience of Dubai Keeps it on Top

The developments in the Dubai economy have really left the critics with no other option but to keep mum on the subject from now on. They were predicting the economy to crash which would cause the biggest disaster in the history of the Middle East but the UAE has proved that it can resist any sort of pressure in the long run and it is a fact that it has regained the focus of the world investors during the last two years. The outstanding tourism facilities and the truly innovative Dubai properties always had the potential to keep this city on its marks.

Though the investors had lost their interest in the Dubai city during the first two years of recession but it was the resilience of this city as a tourists’ spot and a great business attraction that kept it alive and finally it was able to shed the troubles of the recession. The Dubai administration kept focusing the public welfare during all the times and kept alluring the skilled people from all parts of the world towards Dubai to provide their services in this city. This kept pulling the expatriates to the city and the real estate was fueled through these expats. Finally, as the international economy is coming back to normal, the Dubai economy has also started to regain its lost glory and the far-sightedness of the Dubai administration played the main role in its renaissance.

The city is situated at a place that is center of attention in the region as on one side it shares the border with Saudi Arabia while its sea neighbors are Iran, Kuwait and Qatar. At the same time it also neighbors the South Asian countries that fulfill the man-power needs of the UAE. The beach parties, business attractions, luxury villas and apartments and the world class amenities that this state offers together make it one of the most attractive places on the face of the globe.