Investment Property in Dubai

Why the investment property market in Dubai has boomed

Since May 2002 when the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoom issued a decree allowing foreigners the right to buy freehold property in Dubai, the real estate market there has boomed!

The market is rising strongly and steadily with some new developments selling out off-plan within 48 hours of their release, and certain projects enjoying an incredible re-sale market with contracts swapping at 100 of the purchase price when the purchase contract is signed and during the build process it is normal to pay installments, these will differ per developer and per contract but will be to a mutually agreeable timetable over a period of the build.

There are no government taxes of any kind related to the purchase of property in Dubai, adding to the attraction of investment property in Dubai, and in most cases a property purchaser and their immediate family will be issued with permanent residence visas by the government when they buy.

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