About
Dubai
Dubai is the second largest Emirate in the United
Arab Emirates and probably the most well known. Under the guidance
of Shaikh Mohamed bin Rashid bin Maktoum, it has forged a reputation
as one of the most important and vibrant cities in the Middle East.
Aware that the oil reserves will not last forever, Dubai has set
about realising their vision to make Dubai the largest tourist and
financial centre in the world. In May 2002 when the Crown Prince of
Dubai HH general Sheikh Mohammed bin Rashid Al Maktoum made a commitment
to allow foreign nationals to own a property within the emirate. To
date over 100,000 Britons have bought second homes in Dubai, and the
economic growth of the emirate gains momentum year open year.
Dubai's rate of growth is expected to beat that of China, acknowledged
to be one of the fastest growing economies in the world today with
a growth rate of 8.5 per cent.
The population is set to rise from 1.2 million to 4 million. Development
planning is Government controlled so the demand to supply ratio is
managed, thus maintaining strong growth & returns.
- No capital gains or income tax
- The range of properties on offer is vast.
- The quality of build is high.
- The buying process is simple.
- Capital appreciation has risen between 15 -25% annually.
- High rental yields on completed properties.
- With the purchase of property you are granted the
right to apply for residency visas.
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