Why Invest In Dubai Property?

Property is cheap in absolute and relative terms. For example at this moment, an average villa will cost around $1,000 per square metre in comparison to London Docklands where it would cost $5,000 per square metre. There are very few modern cities in the world where high-standard property is priced so low.

Foreign OwnershipDubai is in the process of creating an international property market from scratch, with foreign ownership of freehold only introduced last year. Thus buyers are given an exceptionally good deal to encourage them to be pioneers.

Shortage of supplyThe Dubai Government is working hard to prevent a shortage of supply and is giving land to developers as an incentive. What looks like massive supply today in Dubai may be nothing compared with demand in a few years time. Dubai is after all growing its GDP by 7-8% a year and shows no sign of slowing down, quite the contrary.

Rising Building CostsA fundamental influence on property prices are rising building costs. The low US dollar is pushing up the cost of materials from Europe which is pushing energy prices to its peak.

Tax Free IncomeDubai is a city where a lot of people earn high tax-free salaries and are in a position to support higher house prices. This is a city with a 20-year track record of strong economic growth and will continue to attract foreign and regional inward investment.
International Business CentreLong recognised as the leading regional trading hub of the Middle East, Dubai has now become an international business and re-export centre.

The country has developed rapidly over the past 10 years and has transformed itself from an oil dependent regional entrepot into a highly diversified international business centre of global significance, which offers opportunities for UK business people in all sectors. At present, over 500 UK companies have been set up in Dubai.

TourismOver 3.4 million tourists visited Dubai in 2001 and this figure is expected to grow to in excess of 6.0 million by 2010. Dubai is going from strength to strength.

The secret to a successful purchase of property abroad lies in finding the right property in the best location and snapping it up at the lowest price possible, before it becomes common knowledge. It is clear that wisely selected overseas property can offer some very secure and lucrative opportunities.

Whether your dream property abroad is a holiday apartment, town house, luxury villa or a plot of land, we are dedicated to helping you on your way, with independent advice and tailor-made investment plans for the purchase of your property abroad.The Property Overseas Group have identified and showcase specific projects we believe offer exceptional investment opportunity.

To view these, visit the website http://www.propertyoverseasgroup.com/