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Why has Dubai been attracting so much international attention as an investment opportunity in recent years?
In May 2002 Sheik Mohammed bin Rashid al-Maktoum issued a decree allowing non-nationals to buy and sell property in selected developments. Beofre that time only UAE nationals could own property and even then only on restricted land. |
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What type of development has taken place since Sheik Mohammed bin Rashid al-Maktoum issued his decree?
Dubai has quickly become one of the world's most appealing foreign investments. It's been only a few years since the Sheik's decree, and it is no surprise that Dubai is the number one emerging market today.
An estiamted $80 billion of real -state projects are now underway in Dubai. The appeal? Dubai offers a stable economy, zero property and income tax, and an unmatched standard of living. |
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What language is spoken in Dubai?
Arabic and English are the dominant languages. |
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How would you describe Dubai to potential visitors?
For visitors it offers world class hotels, restaurants, beaches and tourist attractions. It's internationally-reknowned sports facilities include golf, tennis, water sports, horse riding, dune driving, sand skiing, and indoor snow skiing. |
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How would you describe Dubai to potential investors?
It is a clean ultra modern, crime-free city. Over the past 50 years it has developed a state-of-the-art communications infrastructure, progressive hospitals and an amazing variety of shopping malls and value filled souks.
It has some of the best healthcare, education and leisure facilities in the Middle East. It also has a history of economic and political stability. |
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I have read that you get automatic UAE residency with purchase, can you provide details?
The customer and his / her spouse and children can get residency when he registers an apartment with the land department upon completion, essentially when he receives the keys to the apartment. |
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