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Investing in Dubai Property Market
Property Investment in Dubai: Michael Owen talks about his property investment with The First Group

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Dubai is surely a dynamic property market. Villas and townhouses are sold in a very brief period. Developers offer rebates to investors that invest heavily and should you purchase an entire floor of a building; chances are there that you'll be offered discounts that can position you to achieve windfall capital gains over a period. However, there are some regulations; particularly if you are a none citizen. The first and foremost is that you need to have a resident visa to buy a home in Dubai. But those who possess the resident bond with themselves or are the inhabitants of Emirates, are hanging on a pile of chances.

 

According to the quotes of Emaar, a Dubai-based developer, there are approximately 20 residential jobs which are available for sale in Dubai, currently. The majority of the property projects are within the radius of 20 km of the central business area in which the Sheikh Zayed Highway runs alongside the emerging Burj Dubai district.

 

Projects near the location of 'Dubai International Financial City' are the most sought after ones that have the capability to send returns to the tune of 50-200 percent in the next three years. For investors looking for regular income in the kind of monthly lease, furnished apartments provide a superior rate of return on investment. Unfurnished properties in Dubai, on the other hand, are favored by mostly the on residents who move into the city only lately.