DUBAI REAL ESTATE

The property market in Dubai is at its peak. If there’s anything booming in Dubai then for sure it’s the real estate industry. Apartments of various sizes to villas of different themes, you can find your dream home in Dubai.

There are certain areas where freehold property can be bought like Greens, Downtown, Marina and Dubai Land area. While other areas offer leasehold properties for 99 years and then there are some areas where expatriates cannot buy any property, it’s on rent only. Bur Dubai and most parts of Deira only allow rentals. It’s recommended to go via a real estate agency to buy or rent property in Dubai.

The areas which are appreciating are Greens, Jumeirah Village South, Marina, Jumeirah Lake Towers and of course Palm Jumeirah. The top of the line property developers are Emaar, Union Properties, Nakheel and ETA which come out with various projects throughout the year. The property prices of these developers are usually on the higher side. Most of the property developers also provide you with a UAE residence visa with the property you buy. Some builders like Damac and Deyaar have various promotions like get a car free or a jet in a raffle draw on purchase of an apartment in one of their projects.

The developers in Dubai have come out with various themed villas and community living concepts to choose from. Some are near theme parks while some boast of Manhattan style living, you can find various country style communities as well.

The rentals are at their maximum and buying a property in Dubai is recommended. Various banks offer home finance at interest rate ranging from 6% to 9%.