Investing In Property In Dubai

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>Forbes handed investing in property in Dubai the double thumbs up when it named real estate as a key money spinners in the Middle East. Dubai is a fertile oasis of economic growth, where oil wealth is strategically invested into long term economic growth. Grabbing a piece of regional trends by investing in real estate in Dubai could give your portfolio a big boost.

Sound Fundamentals for Investing in Property in Dubai

The Dubai Chamber of Commerce stated that the Emirate’s GDP surged to a record Dh198 billion in 2007, and predicted sustained average growth rate of 11 per cent for the next eight years. This economic buoyancy will cushion investing in property in Dubai. Further assurance for those investing in property in Dubai is that the main driver of this remarkable growth is the non-oil sector - tourism, trade, infrastructure, knowledge industry, etc. Dubai has become a powerful commercial hub in the region. Investing in property in Dubai is based on the same international principals as investments in Singapore, New York or London.

Tourism Augments Investing in Property in Dubai

The floating population of businessmen and leisure seekers makes investing in buy-to-let property in Dubai very viable. The hospitality industry is targeting 100,000 rooms for 15 million visitors by the year 2015. The new Dubai airport, which will be the biggest in the world, is being built to service this increased inflow of visitors. Many are investing in property in Dubai to cash in on the expected tourism burst.

Governmental Vision to Investing in Property in Dubai

The government has identified investing in real estate in Dubai as a thrust area. It has been very pragmatic is creating the right conditions for investing in property in Dubai in terms of policy, infrastructure and several incredible developments that challenge the imagination. Moreover, transparency and accountability to those investing in property in Dubai is being emphasized to enhance overseas investments.