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Dubai was the first emirate to allow non-citizens to purchase freehold property. Since the sector opened up, investors have been streaming in, purchasing property in multi-million dollar projects in Dubai. Most of these ventures have been resounding successes. One of the reasons is the variety and scope of the projects available when purchasing property in Dubai. From quality apartments for the average resident to ultra-luxurious villas exclusively for the super rich, investors are lured in to purchasing property in Dubai by the uniqueness of the concepts.

According to Reuters, Nakheel, the state-owned property developer posted a five-fold increase in profits in 2007. Nakheel has provided those purchasing property in Dubai with many exceptional developments. For instance The World is a group of man made islands laid out a facsimile of the world map. Each island represents a country and it is rumoured that celebrities like Tommy Lee, Rod Stewart and David Beckham are buying islands (countries) close to their hearts. The Palm Jebel Ali, Burj Dubai Downtown, Dubailand and a host of other projects provide exotic and interesting new options in purchasing property in Dubai.

The success of purchasing property in Dubai is a result of a fabulous marketing mix: A great product that is wonderfully packaged. This supported by a booming economy has ensured that demand for purchasing property in Dubai has always outstripped supply. Some warn of the bubble bursting but, when purchasing property in Dubai, a growth rate of 7.4% and an ever- increasing flow of expatriates keep it a safe bet.

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