why buy in dubai

7 April 2008

With the many worldwide opportunities to invest in property, Principal Intentional ask; why buy Dubai property? Its not the cheapest, there are lots of other countries such as the emerging European states that offer low cost budget apartments coupled with low cost budget airlines that make for a cheap investment or a good value holiday home, Principal International can offer all of these see the investment property website for details.

But Dubai is a different story; here is where the luxury seekers find their gold. With top class 5 star resorts and apartments surrounded by shopping and entertainment havens Dubai is where it’s at. With the phenomenal amount of investment by its government upon which they have committed to developing the country’s infrastructure, entertainment and luxury housing, the tourist market of this country knows no limits.

The recent announcement by Busch Entertainment Corp that a deal has been signed to develop a Shamu shaped island to incorporate a Seaworld, Discovery Cove and the new Aquatica water park and Busch Gardens will undoubtedly further enhance its entertainment value as a world class destination with endless facilities, there seems no end to what they can do. The four theme parks are due to be completed by 2012 and are expected to provide thousands of job opportunities and house an additional population of 280,000 as well as being surrounded by top class shopping and eating facilities.

Despite all of the luxury hype about Dubai, prices here are still lower than comparable cities offering a lower salary structure. Rental yields are exceptionally high compared to the rest of the world, even with the threats of rate capping spreading gloom over the investors market, there is still a huge amount of opportunity in Dubai. The state of the art land registry system and world class laws make the buying process a much safer and well established market for buying property overseas, and with the mounting pressure on mortgage lenders to reduce interest rates on borrowing, the cost of buying is sure to come down.
With the added pressure of all of these newly developed facilities, construction has begun in Dubai to build the worlds largest pre-stressed concrete drinking reservoirs. On completion, the three reservoirs will contain 180 million gallons of drinking water, further establishing its commitment to supporting the rapidly expanding infrastructure.

For more information about Dubai and the investment property available call Principal International on 0800 038 0000 / +44 1483 748629.