Real Estate in Dubai - A Long Term Profitable Investment

Since the Crown Prince of Dubai made changes to his country’s constitution back in 2002 to allow for the foreign freehold ownership of real estate in Dubai, the real estate market in the emirate has gone crazy!

Because there are no such things as taxes payable on income or property transactions in Dubai, and because the popularity of the emirate with hundreds of multinational corporations has created thousands of jobs in Dubai, everyone wants a piece of the property market.

But because demand is so intense and property prices have been shooting sky high, how is it still possible to profit from real estate in Dubai?

Well, you’ve got to know the market to know which developments are in demand from which people, and which people are willing and able to pay top dollar for rental and resale property in Dubai – then you just have to target your property purchase to meet the requirements of your market!
First things first it’s important to know that those buying apartments in Dubai right now will have to wait for up to three years to see their properties completed. This means that those who have jobs in Dubai and want to relocate to the emirate right now will have to find completed accommodation to rent out.

For more details: http://marketingiants.blogspot.com/2012/04/real-estate-in-dubai-long-term.html