Reason to Invest In Dubai Property

Dubai has seen a remarkable growth in property. Previously, only native citizens were allowed to own property in Dubai, but now anyone can purchase property 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.

Their are many reasons which attract investors to invest in Dubai Properties.

1 Future Demand: Population is destined to increase from 1m to 3m whilst tourism will also triple from 6m to 15m, by 2010
2 Future Supply: All master-planning is Government controlled to carefully manage the demand-supply ratio thus maintain strong growth & returns
3 Capital Gains Tax: 0%
4 Rental Income Tax: 0%
5 Legal & Notary Fees: None required, although legal advice is recommended
6 Land Registration Tax: 1.5% (this is paid to the Government on completion)
7 Transfer Fee: 1-7% (this is paid to developer on resale of contract before completion)
8 Buying Process: Simple. No Company formation is nor National registration required
9 Payment Structure: Following an initial reservation deposit, a deferred payment structure is usually provided by the developer with payments spread over the construction period
10 Finance: This is available to non-UAE residents only on certain projects, with competitive interest rates from 6 - 9%, and usually with 15 yr terms and reasonable conditions.

and much more which attracts investors