Are you interested in Investent in Dubai Property

Dubai is a city in the United Arab Emirates that is built around the principles of free trade, foreign investment, and sound business practices.

Dubai was the first emirate of the United Arab Emirates (UAE) to get involved in freehold real estate, at a time when UAE and GCC nationals were only permitted to own property in the United Arab Emirates.

The Dubai property market is setting the standards for property development throughout the world and with landmark developments such as Dubai land, Sports City, The World and The Palm, the Dubai property market will remain the future of overseas real estate investment for years to come.

There are many best places to purchase property in Dubai-
Dubai Marina, Palm Islands, Jumeirah Beach Residence, Saba Towers, Burj Dubai, International city etc.

Market of Dubai

Dubai market has a number of attractive features, as follows:

Free: There are no foreign exchange controls, quotas or trade barriers. Import duties are extremely low, and many products are exempt.

Large: Dubai has very small population and despite a relatively small population, Dubai's total imports exceed $14 billion. The reason is that Dubai is the major re-export centre for the region.

Diversified: There is potential for almost any type of goods and services. There are also opportunities for manufacturers and exporters of less sophisticated equipment and mass consumer products.

Growing: Dubai are still at a relatively early stage of development, so there is plenty of long term scope for diversification and expansion in the future.

Accessible: The emirate's transport infrastructure is unrivalled in the region in terms of size, facilities and efficiency. Its ports are served by more than 100 shipping lines and the airport by nearly 100 airlines.

Competitive: Any exporters seeking success in the Dubai market must ensure that their products can hold their own in terms of their price, technology, design and value, just as in any other market of the world.

Opportunities For Business in Dubai

There are ample opportunities for doing business in the UAE.International manufacturers and exporters may conduct business with Dubai by concluding transactions directly with importers and traders who are already established in the market.

In Dubai business is conducted on the basis of personal relationships and mutual trust.Although it is changing rapidly and large firms are structured as in the rest of the world, companies are often a family affair, with the ultimate decision-maker being the head of the family. Even if this is not the case, it is essential to clearly identify the decision-maker. However, your initial meetings will probably be at a lower level. These are also very important as a means of building mutual trust.

Dubai market has a number of attractive features, as-

Free- There are no foreign exchange controls, quotas or trade barriers. Import duties are extremely low, and many products are exempt.

Large- Dubai has very small population and despite a relatively small population, Dubai's total imports exceed $14 billion.The reason is that Dubai is the major re-export centre for the region.

Growing -Dubai are still at a relatively early stage of development, so there is plenty of long term scope for diversification and expansion in the future.

Competitive-Any exporters seeking success in the Dubai market must ensure that their products can hold their own in terms of their price, technology, design and value, just as in any other market of the world.

Investment in Dubai

Dubai is a lucrative destination for investment for a number of reasons. Its world-class infrastructure along with a safe living and facilitated business environments make it an ideal place to live and work. In addition, Dubai's population is set to double in the next decade making the demand for Dubai real estate even more viable.

Investments are not only attracting Dubai-based businessmen but also a vast number of foreign investors.

Some of Dubai Real Estate Developers are as follows:

Emaar LogoEmaar Properties
It was the first company to get into freehold property. It was started in 1997 as a public joint stock company. It is the region’s largest real estate company.

Nakheel LogoAl Nakheel Properties (Nakheel Corporation)
Al Nakheel Properties, which is also known as Nakheel Corporation, is the most popular real estate company dealing in freehold property in Dubai. Its real estate development ranges into residential, tourist, commercial and retail property.

Damac Properties
It was established in 1982. DAMAC Properties is the popular and largest private freehold developer in Dubai with developments in Dubai Marina, Palm Island and Jumeirah Lake Towers.

Law- For Buying Property in Dubai

In Dubai and the UAE, property law is very young and still taking its long-term shape, although the key elements are straightforward to understand.

The Dubai freehold property market is only just over three years old; during the past three years Dubai property prices have soared, rental prices have skyrocketed and international real estate investor interest in this Middle Eastern market has intensified incredibly.

Here are 6 Golden rules to purchase Property in Dubai-

Real estate in Dubai is greatly sought-after – even though legislation is still provisional

*Transfer of property rights, including real estate, can be performed just by means of a simple private written contract in Dubai. The notarization usual in other countries does not take place. So beware of signing anything in haste!

*A definitive law on real estate and a land register for foreign citizens are still being prepared in Dubai. Until this time, purchases are recorded in the register of ownership of the developer concerned, who undertakes in the purchase agreement to ensure a transfer in the land register as soon as it is available. Do not therefore sign an agreement that does not include a clause with this undertaking.

*Deposits of 10% or often even 20% of the purchase price are usual. Further installments are paid over the agreed period of time up to the completion of construction.

*Purchase of real estate is at present tied to the simultaneous acquisition of a residence permit for the UAE, which is, however, not a work permit.

*Transfer to a third party is usually permitted in the purchase agreements. For this purpose the original buyer normally has to pay to the vendor a transfer fee of up to 2% of the original price. In practice attempts are made to pass on the transfer fee to the new purchaser.

*As a result of the enormous demand, residential property that is ready for occupancy is hardly available for purchase except at second or third hand. In this case it is advisable to examine the vendor’s first purchase contract in order to ensure that the right to transfer exists. Those who do not wish to move into their property immediately buy “from the plan” from the developer, i.e. with the prospect of completion, in some cases, in several years.

Dubai Chamber of Commerce

Dubai Chamber of Commerce & Industry (DCCI) was established in 1965 and soon became one of the pioneering chambers of commerce in the GCC countries. During its 40-year-old journey, the DCCI has been the backbone of the commercial and economic activities in the UAE and an indispensable source of competitive advantage for the business community in Dubai.

DCCI's International Business Club can provide meeting halls and conference organization, computer equipment, as well as accessibility to the Internet.

Dubai Chamber of Commerce and Industry has been entrusted with the following tasks:

• Collecting, researching and disseminating information, legislation and statistics relating to commerce and industry.
• Provision of information on investment opportunities in Dubai.
• Issuing and authenticating certificates of origin and other commercial documentation.
• Overseeing qualities and standards of goods
• Settlement of disputes involving Chamber members through arbitration.
• The holding of economic and commercial conferences and participation in similar events inside and outside the emirate.

DUBAI WORLD TRADE CENTER

DWTC is considered one of Dubai's premier landmark properties and business locations. Today, the complex comprises the original 39-storey office tower, eight exhibition halls, the Dubai International Convention Centre, which can accommodate more than 6,500 delegates in its multipurpose hall when set in auditorium style, a business club, and residential apartments with a leisure club.

The Dubai World Trade Centre (DWTC) was built by H.H. Sheikh Rashid bin Saeed al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai. DWTC is considered one of Dubai's premier landmark properties and business locations. Today, the complex comprises the original 39-storey office tower, eight exhibition halls, the Dubai International Convention Centre, which can accommodate more than 6,500 delegates in its multipurpose hall when set in auditorium style, a business club, and residential apartments with a leisure club.

the DWTC has supported the role of Dubai as a commercial and cultural meeting point. The DWTC has been directly involved in introducing international companies and institutions to the Middle East markets and to the local cultures, as well as providing an ideal business atmosphere for Gulf and regional companies to promote their products and services to the Middle East and the world.