Dubai Overseas Property, Buying Property Overseas In Dubai

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Dubai

Dubai is the fastest growing city in the world where you'll find every nationality living and working together in blended harmony; it's quickly becoming the number one investment choice for both private and business investors from all over the globe.

The change in property laws in Dubai and the growth in tourism has led to huge investment in the property market in the United Arab Emirates.

Comparatively property is cheap compared to other major cities in the World and rental yields are still high in Dubai.

Figures from 2006 show a population growth rate of 7.5% every year. Even though Dubai is growing at a fast rate, they still boast a 0% unemployment rate. The country is currently undergoing construction to develop its residential, commercial and tourist areas with the most up-to-date technology being utilised.

Buying Property in Dubai

Legally, there is no law to prevent freehold purchase in Dubai, and a new federal law should shortly frame legal rights into a form acceptable to international banks for mortgages this will push demand and prices up even higher than they are now.

Location

Dubai is one of the seven emirates that make up the United Arab Emirates (UAE) on the Arabian Peninsula.

Languages spoken in Dubai

Arabic although English is widely used particularly for business or commerce.

Currency

In Dubai, currency exists in the form of the United Arab Emirates Dirham (Dh or AED as it is sometimes called.) In line with Arab tradition, falcons are pictured on the notes and the value of each note is written in Arabic only.

For more information on Dubai, take a look at our Visit Dubai

Call Land & Brand New Homes on 0870 7778 726 for further details.

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