DUBAI – From the point of view of real estate investment
“The most happening place in the world”, “The safest city in the earth”, “The city of gold”, “The city of opportunities” so on and so forth. These titles go with Dubai, when you talk about the city as a whole.
We are taking an overview of Dubai form the real estate perspective – which will be interesting for real estate investors, property developers, real estate consultants, mortgage business, etc.
Safety & Security of Investment
There are enormous opportunities across the world for investment. However, from an investor’s point of view, his/her investment should be 100% secured and he/she should have the freedom to buy/ sell/ lease/refurbish/gift/keep under lock n key. All these activities have to be secured by the government authorities in the country and all walks of population should have the confidence in the government agencies.
Though, Dubai city started the freehold real estate investment opportunities for the international investors only 2 decades before, the rulers with vision have taken all efforts to implement the most strict rules and regulations, setting up separate governing bodies for each and every aspect of real estate investment. Dubai, being a city of future, more than 70% of the activities are paperless and digital due to which people sitting anywhere in the world can do the real estate transactions – be it buying, selling, leasing of their properties.
To name a few of the government bodies; Dubai Land Department, Real Estate Regulatory Authority of Dubai, Dubai Economic Department, Registration Trustees offices related to all property transactions, Trakees for permission of real estate construction related activities, etc.
Major Communities in Dubai
We are taking an effort to mention names of most of the communities of Dubai, knowingly many are missing in the list:
The Palm Jumeirah | Down Town | Dubai Marina | The World Islands | Emirates Hills | Dubai Hills | Bulgari Island | Jumeirah Bay | LaMer | Dubai South | Business Bay | Sports City | Motor City | Jumeirah Lake Towers | Jumeirah Village Triangle | Jumeirah Golf Estate | Jumeirah Village Central | Al Barari | International City | Dubai Silicon |Oasis | Arabian Ranches | Springs | Meadows | DAMAC Hills | Maydan | Mohammad Bin Rashid City |
Major Property Developers in Dubai
EMAAR | Nakheel | Dubai Properties | Dubai Holdings | MEERAS | Union Properties | DAMAC | AZIZI | Bingatti | etc.
Foreign nationals/Expatriates are allowed to invest in real estate properties with 100% ownership in their name in Dubai. Dubai is home for more than 190 nationalities and all these people and people from elsewhere has the opportunity in investing in properties in Dubai, which are designated as “freehold”.