Dubai – The Offshore Investment Paradise
Sometimes the stock market returns for major economic indices outside USA far exceed the US growth rate and this is a clear call to invest in the global economy. Offshore investors enjoy more privacy; their assets defy scrutiny and are safe from improper legal ramifications. You may enjoy tax benefits, asset protection, privacy and a much diverse portfolio of investment opportunities if you invest outside your home country.
A growing demand in Dubai
For almost a decade, the demand for new housing has been far exceeding supply. As a result, the rental prices have hiked 37 percent and the trend continues. In the last four years, the prices of the new villas have increased by 226 percent. As only 7 percent of Dubai’s population is local, new investors are able to advertise their properties to a global market. Such is the attraction of the new economy; experts predict that the population might double itself in the next decade.
Statistics that speak of the profit frenzy
According to Dubai Real Estate Authority, the real estate grew at the rate of almost 1200 to 1500 percent between 2002 and 2007. The huge investments are due to the lucrative incentives provided by the UAE government which includes trade and monetary freedom. About one third of the projects in the region are UAE based and it was the first state to allow foreigners to own full property rights. The city has enormous potential for tourism and industry, alike.
The sky is the limit
The building of mega projects like Burj Al Dubai and Burj Al Arab are signs of economic freedom to come and
Dubai is fast becoming skyscraper capital of the world. It has six projects under construction or approved for building, which involve a building height above 1,500 feet. To add up to it, there is also a proposal to built 4000 feet high Al Burj, whereas the construction of the world’s highest residential tower Pentominium has already started.
What next?
Investors are well advised to contact local professionals who have an intimate knowledge of the market. The consultant companies provide help on a variety of real estate matters and are quite selective on presenting the most profitable investments in the Gulf.
Make a sensible decision. Invest in Gulf. It might change your life.
Landvest Limited is an official European partner of Dubai Properties as well as a representative of a host of other Dubai Real Estate Developers. Landvest Dubai specialise in the promotion of Real Estate Investment and Luxury Home Opportunities in the UAE.
Posted in Foreign Real Estate