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Dubai property is the most modern international property
market at the moment. Rising out of the Arabian Desert, the
Emirate has taken the world by storm. The transformation can
be attributed to the mega real-estate property developments
and projects that are either complete or currently underway.
Dubai property market has exploded with a series of
breathtaking projects that are putting Dubai firmly on the
map as one of the most attractive property market in the
world. According to statistics, buying property as an
investment, as a holiday home or even as a second home,
Dubai property is the right choice.
With the opening up for new areas for freehold development
the number of transactions and value in the newly developed
areas showed the dramatic increase.
The city has nurtured large scale inward investment via fast
track business incentives and free zones.
It has also encouraged the embrace of e-commerce and new
technology as well as leading the way in the rapid adoption
of cutting edge advances.
The regulatory of Dubai is also conductive to efficient
business: there are no income taxes, foreign exchange
controls, trade barriers or quotas, or restrictions on
capital repatriation, and investors enjoy effective
protection of their rights.
The Dubai property sector has witnessed unprecedented boom
following the liberalization of land ownership rules in the
country. And with the promulgation of the new Land Law, the
sector is set to receive
further boost as the demand for freehold properties showing
consistent uptrends.
And with the development of a sophisticated mortgage market
and the ratification of foreign ownership laws, Dubai’s
property market maturing and developing further to being a
strong investment opportunity.
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