Better Homes Commercial Properties in Dubai

Dubai remains the largest and most active office market in the MENA region and the preferred regional hub for many businesses.

Better Homes’ specialist commercial property team provides customized investment and management services to investors, owners and users of commercial real estate across key sectors in the United Arab Emirates. Delivering first class solutions to commercial clients, our team of agents will exceed your expectations by delivering a personal, tailor-made service and ensure that your investment needs are fully met.

Bringing together the expertise and knowledge of our team to help you buy, rent, lease or sell commercial property, we cover all property types – from fully fitted, semi-fitted and shell and core properties to retail spaces, warehouses, shops and showrooms. Multilingual, Better Homes’ commercial team has extensive experience in selling commercial property to local and foreign clients.

Like any other investment, investing in commercial property comes with great advantages and potential risks. Commercial property is sensitive to economic conditions, so when there is a downturn, demand for office premises may tend to dip. Moreover, it may take longer to find a tenant for a commercial space than for an apartment. Hence, commercial properties usually have long vacancies, which means that as an owner, you will need to cover the cost during vacant periods.
However, the pros of expanding your commercial property over residential property portfolio are numerous. Aside from offering higher returns than residential property, commercial property comes with longer leases. While residential tenancies may turn over every six to 12 months, a commercial tenancy lasts longer, as tenants tend to stay put for greater periods especially when they have invested capital customizing the space. This makes commercial real estate an investment option that offers impressive returns and considerable monthly cash flows.

Future trends in commercial property development

Invest in buildings that work. Make sure that you are investing in office space that is functional and enables businesses to operate efficiently and productively. Buildings that offer functional and efficient floor plates, high quality lifts and other facilities such as convenient and sufficient parking and access to public transport are likely to remain in demand.

Latest industry reports throw light upon the fact that in the coming years there will be a great emphasis on building safety and more demand for well-maintained buildings with better fire safety and other systems. Experts suggest that the market will witness new government regulations where building owners will have to adhere to stringent safety guidelines.

The study also highlights a trend towards 'Build-to-Suit' (BTS) which involves developers building schemes according to the specifications provided by corporate tenants, who then commit to either lease or purchase the premises upon completion. The market seems to be leaning towards the concept of Sale and Leaseback (SLB). This is a means by which occupiers of existing buildings can free up capital which they can pump back into their business.

Where should you buy/rent?

Here are few of the most sought-after communities in Dubai to buy commercial property in.

Jumeirah Lake Towers (JLT)

JLT is a mixed-use development along Sheikh Zayed Road. It features numerous commercial buildings set around four man-made lakes.
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Business Bay

A popular commercial district located in the heart of Dubai, Business Bay offers amazing office spaces with good infrastructure and connectivity. The community is close to Downtown Dubai and has a dedicated metro station as well.
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TECOM

Situated between Sheikh Zayed Road and Al Khail Road, TECOM has residential and office towers and is a relatively affordable area to buy commercial property in.
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Dubai International Financial Centre (DIFC)

One of the most sought-after business districts, DIFC is centrally located and easily accessible. Offices here offer world-class infrastructure and are upscale high-rises with sweeping views of the Dubai skyline.
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Browse our large selection of commercial property for sale in Dubai. If you’re considering buying, renting or selling your commercial property in Dubai, our agents open up a world of exciting investment opportunities in terms of location, price and property.

Sustainable growth in Dubai’s commercial real estate market has garnered investor interest, thereby increasing the demand for commercial property. Commercial property for sale in Dubai has gained prominence since entrepreneurs are constantly on the lookout to buy offices in the city, thereby also creating opportunities for sellers looking to sell their commercial property in Dubai.
For further information on our Commercial Sales services, call 600 52 2233 or drop us a line at customercare@bhomes.com.

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Better Homes LLC: Role of Property Management in UAE

A competent property management company can add significant value to your investment. As a property owner, one of the biggest decisions you will need to make is whether or not to hire the services of a property management company. While you may be able to manage your properties on your own or with the help of an independent person, you may need additional assistance and that is when a property management expert such as Better Homes will add value to your investment portfolio.

At Better Homes Property Management, we service clients ranging from individuals, private investors and commercial entities across the UAE. With decades of experience behind us, we have the knowledge, experience and a sophisticated understanding of the Dubai real estate market to help you market your investment and gain maximum exposure needed to attain the highest return.

As a leading property management company, we work directly with prospects and tenants, saving you time and worry over marketing your property, rent collection, repair and maintenance, tenant communication and in certain cases, evictions.

Why team up with us?

1. History and Expertise

Founded in 1992, Better Homes Property Management has met the needs of numerous clients’ Dubai residential property portfolios. Today, we have a dedicated team upwards of 75 people, taking care of properties across Dubai, Abu Dhabi and across the UAE.

2. Huge service portfolio

We offer property management solutions for single units, multiple units, entire buildings and developments in Dubai’s residential and commercial segments.

3. Great customer service

We strive to provide professional and proactive property management along with exceptional customer service to owners and tenants.

4. Market Research and Property Inspection

Our dedicated Property Management team systematically performs a market rental analysis and a thorough inspection of Dubai real estate in order to determine the appropriate rental value. Additionally, we conduct a detailed pre-handover inspection of your property, identifying all visual defects and faults that need to be rectified by the developer.

5. Strategic Marketing

We effectively market real estate via our online platform, www.bhomes.com, which attracts millions of unique visitors each month and features a detailed description of every property alongside descriptions of the home, location, size, floor plan and rental fees. Additionally, we re-market and manage vacant properties between tenancies.

6. Repairs and Maintenance

Better Homes’ dedicated Property Management team address maintenance requirements and if required, contact our wide range of preferred partners to get quotes on behalf of the owner to promptly address any issues.

7. Tenant Screening

We utilise a professional screening service to evaluate a prospective renter’s credit, background check, professional and employment history, rental history and other references.

8. Rent Collection

We promptly collect rents and provide owners with a cheque or a direct deposit to the account of their choice.

9. Dispute Resolution

In the event of non-payment by tenant, absconding tenants do or other disputes requiring legal attention, we register a case with the Dubai Rental Dispute Settlement Centre. Additionally, we arrange for legal notices to be sent to tenants, on behalf of the landlord, in accordance with the governing law.

10. Move-In/Move-Out Process

At Better Homes Property Management, we conduct a comprehensive walk-though of your property and have a detailed document to assess damages. Further, we conduct periodic inspections to ensure that your property is maintained responsibly and is ready to move into. At the end of a tenancy contract and at the beginning of a new one, we provide a detailed check-in/check-out report which has information on our inspection to record the condition of the unit and verify that the handover is complete and/or that deliverables such as keys, access cards and documents are received by the landlord from the tenant.

By working with us, you save time and worry over marketing your properties, rent collection, property preventive maintenance and repair, responding to tenant complaints, tenant screening and sometimes even pursuing evictions. Additionally, as Property Management experts, we bring our know-how and expertise to real estate, giving you the peace of mind that comes with knowing your investment is in safe hands.

However, be aware. While working with a property management firm may eliminate day-to-day hassles and offer valuable assistance with lightening the load, nothing ever fully relieves you of management responsibilities as long as you own a property.

Give us a call. We look forward to working with you.

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World's largest cultural centre in Dubai

The Sydney Opera house took 26 years to build. The London Theatre took centuries to evolve into what it is now. Dubai, however, plans to go one step more.

Plans have been revealed for the world's largest cultural centre in the Emirates. Billed as Dubai’s new cultural icon, master developer Emaar has unveiled detailed plans for the Opera District in Downtown Dubai, which, in four years’ time, will grow to become the world’s largest cultural centre.
Like to know more? Get ready to be surprised.

The 21,530 sq. ft. opera house, will seat 2,000 people and will be designed to look like a traditional Emirati dhow boat, which will sit at the heart of the Opera district. The boat takes inspiration from the traditional sailing vessels of the Arabian Gulf, the classic wooden dhows. The bow of the structure will contain Dubai Opera’s main stage, orchestra and seating areas, as well as the proposed sky garden and restaurants, while the elongated hull area will house waiting areas, taxi-drop off area, and parking.

The Opera District when completed will be a stylish, new, arts destination and Dubai cultural centre and hub of the region, bringing music and art to life. A ‘design masterpiece’, the district, accessed from Sheikh Mohammed Bin Rashid Boulevard, will be a new and exciting destination with its exclusively pedestrianized and animated streets.

The Opera District will feature the ultimate in super luxury, and have posh hotels. Dubai property – comprising of elegantly designed residential and serviced apartments, a retail plaza, restaurants, recreational spaces and parks.

But most importantly, it will be a distinguished by its unique mix of components that focus on the cultural and creative side of Dubai, including multiple venues for theatre, concerts, art exhibitions, orchestra, comedy and films and promote global arts exchange through visiting artists and performers as well as showcasing local talent. Art lovers will be glad to know that performances have already been scheduled, including Placido Domingo and The Nutcracker on Ice for ballet fans. Added feature include state-of-the-art audio-visual technology and support systems to ensure an unrivalled viewing experience.

The project will also comprise a modern art museum, restaurants and shops, and three residential towers. As for the Dubai property towers, to begin with, there's the 66-floor Opera Grand, which will feature 200 luxury apartments with a rooftop pool and sweeping views of Burj Lake and the city’s skyline. Opera Grand will offer the ultimate views of Burj Khalifa, The Dubai Fountain and Downtown Dubai. Residents will also enjoy privileged access to a vibrant arts scene and high quality entertainment, making Opera Grand the ultimate lifestyle destination. Other undisputed privileges include access to unique health club which is located over the retail podium, connected by an overhead link-bridge, a terrace and 2-storeys of shops, cafés and restaurants.

The second residential tower, the Forte, will have two towers of 71 floors and 41 floors. The third tower, The Address Residences Dubai Opera (the Tarbo) is also a twin tower condominium. The buildings are 55- and 65-floors high and will contain apartments and a luxury hotel and penthouses spanning more than 5,000 sq. ft.

And to top it all, The Opera District will be in close proximity to the Needle, which is slated to be the world’s tallest tower. The $1 billion tower will exceed the height of the 828 m Burj Khalifa. Designed by Spanish architects, Needle will feature a slender, streamlined structure with a needlepoint-like tip and green observation decks. It will also have glass balconies that rotate outside the wall of the tower, a luxury hotel and 18 to 20 floors of shops, restaurants and other tourist facilities. Construction of the new tower is expected to begin at the end of June, and be completed in time for Dubai World Expo in 2020.

Catch this marvellous centrepiece of Downtown Dubai soon!

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Why Dubai is the best place to live

Offering shimmering waters, the city's best vantage points, state-of-the-art facilities and some of the best apartments and villas in the city, Dubai residential properties also come with great price tags.
Here are our top reasons why you should move to the Dubai.

Topping the list is tax-free income. How many countries in the world can you say that everything you earn is yours to spend? Furthermore, the standard of living offered by the city is very high. Expats are able to enjoy a great level of comfort, products and services that they may not be able to enjoy in their home countries.

The multicultural workforce is a huge draw too. Dubai’s population is comprised of expats from all over the world, resulting in a cosmopolitan work force. This offers individuals the opportunity to work and connect with people from other countries, something they may not have the chance to experience back home.

As a city that has experienced astronomical growth, Dubai has the infrastructure needed to be the starting point for a regional and international business. This opens up many opportunities for professionals and entrepreneurs with unique skill sets who are looking for career opportunities or set up businesses in Dubai. The government is also attracting foreign investors by establishing numerous free zones that serve as hubs for businesses in areas such as Dubai Media City, Jebel Ali Free Zone and Dubai Knowledge Village.

Year-round sunshine is a huge attraction for expats. While 4 months during the summer can be quite unpleasant, the remaining six months pack in perfect sunshine and temperatures ranging from 19 to 29 throughout the day.

Only speak English? Don’t worry. English is an important language of communication amongst the majority of people who live and work in Dubai. Business meetings are largely conducted in English and many of the local population speak and understand the language, making it easy for residents from all over the world to do business with the local population.

Safety

Need a cab at 2 am? No problem.

Whether a male or a female, you can walk almost anywhere in the city at any time of the day without fear of being attacked or hassled. UAE has a strict policy regarding deportation of criminals, and given that majority of the population is comprised of expats, this adds to the safety factor in the city.

How about salaries and benefits?

Most employers offer a competitive compensation package that includes health insurance, 30 days off per year and annual tickets to the home country. Additionally, companies may offer flexible working hours, bonuses and schooling and housing allowances.

Strategic location

Dubai is approximately 5-6 hours of flying time from the majority of the world’s major commercial destinations like Europe, North Africa and Asia, aside from being a world class business hub. The city also features well-planned infrastructure to cope with the increasing influx of expats and visitors to the region.

Great opportunity for home ownership

Choose the right agent, pick the right Dubai property and home ownership can be a very rewarding experience.

Dubai property prices have stabilised and the real estate market has matured, making this a great time for purchasing property. Better Homes offers some of the latest properties in the market, so make sure you check our site for a wide selection of real estate.

World-class attractions, entertainment avenues and a dynamic night life

Dubai isn’t all about the malls and skyscrapers. Love the outdoors? From cycling, jet skiing, snowboarding, quad biking, golfing, fishing, sailing, windsurfing, desert camping, Dubai has all the activities you can think of, year-round. Culturally, the city has a lot to offer; from big concerts to art galleries, plays and exhibitions. Do you consider yourself a foodie? Great news! Dubai is a foodie paradise, offering fast-casual food and fine-dining options from all around the world.

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Best places to visit & short stays in Dubai

A beacon for countless residents looking for a reprieve from the daily grind, short stays in Dubai are an affordable and idyllic escape. Offering shimmering waters, the city's best vantage points, state-of-the-art facilities and some of the best apartments and villas in the city, Better Homes rentals also come with great price tags.

Dubai Marina

The world’s tallest residential tower, numerous skyscrapers, sprawling apartments, restaurants and stores, make Dubai Marina an enchanting waterfront destination. Here, you’ll find Dubai Marina Mall packed with 130 outlets over four levels and the Dubai Marina Yacht Club with its chic clubhouse and restaurants. Take a stroll along Marina Walk, dine at any of the fine restaurants along the strip or gaze at the multi-million dirham yachts moored along the marina. It’s a perfect seaside getaway. Check out short stays in Dubai in the area when you visit Dubai.

Palm Jumeirah 

Sometimes the grass is always greener and the water always bluer. Palm Jumeirah, an artificial archipelago and the world’s largest man-made island, has thousands of luxury apartments and villas, a range of contemporary hotels, restaurants and some of the most gorgeous views. It is also home to the iconic Atlantis Hotel, with the 5.4-kilometre long monorail connecting the hotel, to the foot of the island. Visitors come to the Palm for its world-class beaches and natural beauty, but stay for its plethora of lifestyle and residential attractions that range from waterfront apartments to sprawling mansions with their own private beach. Visit Dubai and view some of the most luxe Better Homes rentals in the city.

Jumeirah Islands

What can you love any time of the year? Blue skies, azure waters, white sandy beaches, swaying palms, exotic villas and spectacular vistas. Jumeirah Islands, a luxe self-contained community of fifty islands offers residents crystal clear waters, private pools, stunning architecture and picturesque landscaping – striking backdrops for just about everything that happens here. Close to supermarkets and other amenities, Jumeirah Islands is an exclusive and dynamic community where you’ll feel a world away sunning on the sandy stretch of beach. Browse short stays in Dubai and Better Homes rentals in the neighbourhood.

Dubai Festival City

For a mix of residential homes, commercial offices and entertainment facilities, Dubai Festival City is the neighbourhood to be in. The waterfront resort of Dubai Festival City is a vibrant community spread over 1300 acres that captures contemporary and state of the art living. The Dubai Festival City Mall boasts well known retail outlets, dining experiences and even a 12-screen cinema making it one of the best malls in the country. When you visit Dubai, make sure you view Better Homes rentals in the community.

The World Islands

A collection of 300 private islands in the shape of continents located off the coast of Dubai, The World Islands is one of the globe’s most exciting developments. With its upcoming selection of some of the most exotic private homes, estate homes, dream resorts and community islands, it offers all the luxuries you could want, with outrageous price tags to match. The luxury development makes the most of its gorgeous setting and serves as a showplace of Dubai’s ambition and vision. Browse short stays in Dubai and Better Homes rentals in the area.

Jumeirah Lake Towers

A multi-cultural community, there are a wide range of amenities that are great for singles here. You’ll find restaurants, cinemas, gyms, pools and even a golf club. Most online and media companies have their offices close by, so it isn’t surprising to find a swath of professionals living in the area. Rents here are cheaper than the Marina, and a night out, much more affordable. If you plan to visit Dubai, you can choose from some of the most affordable Better Homes rentals in JLT.

TECOM

A hidden gem on Dubai’s residential map, TECOM offers affordable and spacious apartments. Singles will enjoy the numerous restaurants and comfort food eateries, leisure facilities and speakeasy-style bars. There are many young residents living here, making it a vibrant and spirited place to live. To break out of the usual dinner and a movie date rut, check out Café Scientifique, a meet up group to talk science and astronomy over a cup of coffee held on the last Friday of each month. Check out short stays in Dubai in the area.

Al Barsha

The area has a range of properties suiting most people, however new apartment blocks are particularly popular amongst young professionals. Singles who prefer a lively nightlife will enjoy the can’t-miss spots for meeting other singles, restaurants and lounges whilst those that prefer the quieter life will love the many fitness classes that run in the area. Check out short stays in Dubai and Better Homes rentals in the area here.

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Best Short Term Property Finder in Dubai

The UAE is undoubtedly a tourist magnet, listed as one of the world’s leading travel destinations. With iconic structures such as Burj Khalifa and the Dubai Mall alongside endless shopping and entertainment, the city certainly never sleeps. From classic apartments to luxury villas by the beach, our selection of short term rentals enables you to embrace the futuristic vibe of the city.

If you’re looking for a budget trip to the UAE, then our online property rental Dubai service for short-term rentals is a comfortable and cheaper alternative to expensive, stuffy and impersonal hotel rooms. So, open the door to Dubai’s unique and budget-friendly holiday homes and discover inspiring places that make you feel at home, away from home. Live like a local.

Better Homes’ property rental service of short term rentals make it a trusted community marketplace for people to list, discover and rent vacation homes in the city — online or from a mobile phone or tablet. Whether an apartment for a night or a villa for a month, Better Homes is the leading property finder in Dubai, connecting you to relaxing short stays at a variety of price points. Together with great customer service and a growing community of users, our site is the easiest way for you to enjoy the city without worrying about hefty hotel bills.

Whether you are in Dubai for business or leisure, we have numerous short term rentals of all sizes at prices that are competitive with hotel suites. Many of the holiday homes listed on our website are furnished and include kitchen facilities which allow you the option of dining in during your stay. So, enjoy all the perks of a modern home in addition to dedicated customer assistance.

Also grab great accommodation bargains that are close to the city but also enjoy being tucked away in a quiet neighbourhood. Our short term rentals are scattered around the heart of the city, feature panoramic views and offer access to fine restaurants and the very best of Dubai. Well decorated and well-priced, our property rental Dubai options are great for families or small groups looking for style on a budget.

At Better Homes, we simplify your holiday home rental process. Not only does it just take minutes to book your vacation rental, it also provides great savings compared to a typical hotel with the same standards. Professionally managed, our short term rentals are for savvy and smart travellers looking for value without compromising on a comfortable stay in the city.

More importantly, the Dubai government is taking steps to ensure that short-term leases are professionally managed and well regulated by passing a ruling in November 2013 that requires owners leasing for less than six months to get a license via the Department of Tourism and Commerce Marketing (DTCM) or face an AED 5,000 fine.

In Dubai, leasing residences to travellers is a common practice for those who do not wish to let go of their property for long periods and at the same time make extra cash as it is often more profitable than traditional long-term tenancy contracts. For one, owners get higher rental yields. Two, they enjoy the flexibility to use the property themselves throughout the year. And most importantly, landlords use this as an opportunity to earn money from their property whilst simultaneously marketing it for sale until they get the price they want.

As an expert property finder in Dubai, here’s what you can expect to get when you rent a holiday home with Better Homes in the city.

• Fully furnished spaces: Often, short term rentals are fully furnished and perfect for anyone looking to stay for a few days, weeks or months.
• Savings: With online travel expected to only rise over the years, short term rentals offer a much nicer setting in comparison to the cramped setting of a hotel room. While some may be able to stay in a fancy hotel suite, it is often out of reach for most people. One gets a lot more room in a short-term rental, making it particularly economical and comfortable for families.
• Quiet location: Hotels may not always be ideal as they are usually located in downtown or tourist districts, which may not be comfortable if you are in the city on a business trip, for instance.

Check out our unique selection of short term rentals our site – start your Dubai holidays today!

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Tips on commercial property investment in Dubai

2015 was a year of highs and lows for almost every market, from real estate to oil. However, the UAE’s real estate market seemed to have maintained a stable trajectory, showing steady growth and offering greater choice for tenants as the emirate continues to be a global and strategic hub. While prices may have dipped, we should remember that the softening is coming in after three years of sharp price growth and should not be compared to the decline that we witnessed during the 2008-2009 crises. Moreover, it is likely that the softening of prices and price growth of commercial property in Dubai will continue into 2016 given global economic conditions, such as, the Chinese economy, the appreciating dollar and Euro Zone concerns.
Here are few property tips that savvy investors of commercial real estate might want to consider.

1. Seek profitable tenants: As an investor, your aim would be to focus on assets that offer robust income producing potential. This means closely looking at the buildings tenants. If you are to attract high paying tenants, then reducing rents will no longer be enough. Look into asset management, manage your commercial property better than the next warehouse or office down the road and you will attract more profitable tenants.
2. Explore other markets: Look for opportunities in global markets that have been reported to reach their peak in terms of pricing and saturation. Find the right property to invest in such primary markets and you’ll be on your way to taking advantage of high rental growth that they may offer.
3. Understand the risk and return: When it comes to property investment in Dubai or anywhere else in the world, investing in residential property is relatively lower risk and as a consequence, offers lower returns than commercial property. Commercial property comes with higher risk as it could take months and possibly more than a year to find a new tenant for a office space, while securing a new tenant for an apartment or a villa might only take weeks.
4. Consider maintenance costs: While upgrading a residential property in terms of a paint job or replacing floor coverings in the kitchen may not cost much, refurbishing a commercial property can be an expensive affair.
5. Read the lease carefully: While a residential lease is short, leases for commercial property often run into 50 pages in length and generally require a solicitor to draw them up. So, read the lease carefully and if you are unsure of anything, get a legal professional to clarify it for you.

With the market maturing, 2016 is a great year for property investment in Dubai. Click here for the latest commercial property in Dubai.

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Dubai for commercial property investment

Buying and owning commercial property is not for the faint of heart.

Generally speaking, commercial property, and in particular Dubai commercial properties, are way more expensive than residential investments and also cost more to maintain. On the other hand, for those with the capital, Dubai commercial properties also pay far higher dividends than residential properties when leased or sold.

Key pro: Higher rents

As an owner of Dubai commercial properties, you can command higher rent from your tenant than if you were the landlord of a Dubai property for residential use. Why? Because such types of Dubai property are usually larger and often feature more resources than residential properties. Moreover, renters of Dubai commercial properties are usually businesses who can afford to pay more for their use than tenants of residential units.

Key con: Vulnerability

Commercial properties are more vulnerable to the twists and turns of the economy than residential properties. For instance, if there is a slowdown in the economy, businesses can go under, move out and stop paying rent, while tenants of residential properties will often stay in their apartments or villas to ensure continuity of factors such as schooling and employment. Moreover, while as a Dubai commercial property owner you will benefit from a boom economy, your property can become a liability when business slows down. Moreover, given that Dubai is a hub for multinational organisations, activity of firms in the city is intrinsically linked to how their businesses perform in their home markets.

The outlook for Dubai property and in particular, the commercial segment, for this year is that of stability. The upcoming Expo 2020, the ongoing expansion of Jebel Ali port and the activity at Al Maktoum International Airport are expected to inject momentum into the Dubai commercial property market. Further, the Dubai government’s plan to upgrade the city for the Expo 2020 through infrastructure spending and encouraging foreign investments in various sectors will provide support for the commercial segment over the next few years.

Given that business activity is likely to rise due to the above-mentioned factors, we may see rents of Dubai commercial properties rising from mid to late 2016. This upward trend will be driven by new demand which will be seen as plans for Dubai’s mega infrastructure projects designed to establish Dubai as a global business hub, are achieved.

For most investors, residential properties are much easier to understand than commercial properties. Not surprisingly so, as there are many unknowns with long-term commercial properties as lending policies can change, financing terms are different and vacancies can last a long time depending upon global economic fluctuations. However, the gains are also much higher. For one, rental yields are higher for such Dubai property and hence monthly cash flows much more than an equivalent costing residential property investment in the same area.

For the latest Dubai commercial property investments in the UAE, click here.

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Dubai real estate a dynamic investment sector

Dubai is world famous for its astonishing architectural structure and magnificent buildings. This city has few unique man made wonders of this world like only seven star hotel and a man made palm island that is even visible from space. State government has also worked out on complete strategic plan to build up this as one of the hot spot for business and finance as well as travel and tourism. This city also welcomes foreign investors to make investment in diverse business sectors including real estate business. Investors can enjoy tax free trade in free zone areas on different locations across the city. Real Estate Dubai has become a most profitable industry for local and foreign investors.

The main reason of earning significant profits via real estate Dubai is considerable rise in property demand. Dubai property is in high demand because huge number expatriates, tourists and travelers are considering Dubai as their destination. Such visitors need some accommodation place here to live or office space to establish their business. State Government has taken major step to revamp Dubai property laws and according to new property laws, forefingers are allowed to rent or purchase properties in Dubai. They can obtain any Dubai property as freehold or leasehold property.

Freehold properties offer sole ownership to foreign buyers, whereas leasehold properties provide ownership of any property for a fixed time period. Government also provides a three years renewable habitation visa to property owner. Foreign investors usually buy residential properties as freehold property whereas they prefer to get commercial property on lease. Real estate Dubai is one of the highly dynamic markets of world. Besides flexible Dubai property laws other factors that drives real estate Dubai a rapidly progressing industry is the billion dollar investment made by world renowned multinational corporate. This directly increases job opportunities that are open for candidates across the world. Plenty of job opportunities attract migrants across the world to avail job. This has resulted in increasing population of this city. The final effect of these changes in population will appear in the high demand of rental and self owned properties. Renting or purchasing property in asset market of this city is very easy and it requires minimum legal formalities. The whole process of Dubai property purchase or renting is very simple and hassle free. That’s why foreign investors enjoy investing in real estate Dubai.

Conclusion

These are the main reasons that make real estate Dubai a perfect, dynamic and hassle free real estate market in the world. Moreover, this city has maintained its image to buildup innovative records in construction sector. This is considered as most privileged real estate market in the entire world.

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