| Dubai has always been known for extraordinary | | | | Dubai, which in turn has increased the population in |
| architectural developments and breathtaking designs. | | | | and around Dubai. This increase in population resulted |
| Dubai has become an international hotspot for | | | | in an increase in demand for real estate (both owned |
| property and the demand for real estate is so | | | | and rented properties) in Dubai. Adding to this is the |
| intense that property prices have increased | | | | fact that property and real estate laws in Dubai are |
| considerably over last two or three years. | | | | very simple and requires minimal paperwork in form |
| You must now be thinking about the reason behind | | | | of a sales agreement. |
| this sudden surge in property investments in Dubai. | | | | And the last but by no means the least factor |
| The main factor behind this appreciation in demand | | | | favoring real estate investments in Dubai is the |
| for real estate in Dubai is the fact that property laws | | | | relaxation in taxes. You might be surprised to know |
| in Dubai allow freehold ownership of land by any | | | | that no taxes are applied on income or property |
| foreigner, allowing property owners to sell or rent out | | | | transactions in Dubai. |
| the property whenever they want. Not only this, | | | | Taking in account all the above cited factors there is |
| ownership of freehold property in certain designated | | | | no doubt why Dubai has become the dream |
| areas in Dubai also comes with a 3 year renewable | | | | destination for real estate. Dubai is also famous for |
| residence visa for the owner of the property. | | | | it's man made marvels which are undoubtedly the |
| The other reason that can be seen as a driving force | | | | best in the world, and some have even been named |
| behind the real estate market in Dubai is billion dollar | | | | as the eighth wonder of the world. Dubai continues |
| investments by some of the biggest multinational | | | | to set new records for building and growth, taking |
| companies in the world. Since most of these | | | | Dubai far ahead of the most favored real estate |
| companies have started running their operations from | | | | destinations in the whole world. |
| their offices in Dubai, this has created a lot of jobs in | | | | |