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Dubai Property Investment - Invest in Properties in Dubai
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The revision
of land ownership laws in May 2002 first enabled foreigners to buy
certain Dubai freehold
property with 100% right of ownership. In this manner Dubai
was the first emirate of the UAE to allow foreigners to buy freehold
real estate. Prior to this only GCC or UAE nationals had the right
to own property in the United Arab Emirates. Thankfully Dubai has
never had to reconsider this decision because this right of ownership
has spurred unprecedented development and led to a lot of foreign
investment in Dubai from various areas of the world. At present,
Dubai real estate
investment is in a post recessionary trend but the economy is slowly
kicking back with previously abandoned projects being resumed and
a few new ones on the drawing board as well. There is still some
hope that a full recovery will take place by mid-2011. In these
conditions there is expected to be renewed interest in investment
property in Dubai in the short term.
Dubai property investment has generally been a profitable venture,
whether in residential or commercial properties. However the rates
have reduced a bit in 2009 for all types of properties. Many tend
to buy property and then lease or rent it out on profitable terms.
The unbridled development of Dubai continues with planned infrastructure
projects reflecting the exploding requirement for space for the
country's increasing inhabitants and migrant workers. There is estimated
to be an oversupply of apartments in Dubai this year so prices are
not expected to pick up that much. All in all, investing in Dubai
property should not be taken lightly and it is better to get
the services of a reputable firm for their property management needs.
It is always challenging for a new comer to manage Dubai property
because of the changing nature of the market.
Halcon Real Estate offers a complete range of specialized property
investment and management services in Dubai that is truly world-class.
We will do our best to meet your specific property management and
investment requirements. Our seasoned professionals are experienced
enough to guide you at every step of your endeavor. Please call
or visit our nearest office to get the service you need
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