High Quality Accommodation For Overseas Property Investors

By Author: David J.
Total Articles: 7
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It's a case of supply and demand. The greater the demand in relation to supply, the higher the cost - a simple fact of economic life that has seen consistent population growth in Dubai and the subsequent need for high quality accommodation yield years of great returns for overseas property investors.
While the recent worldwide recession may have cooled the ardour of many overseas investors and slowed the manic pace of development in Dubai, there are still many reasons to feel positive about property investment in the region. Sustained by its youthful and largely expatriate population, superior liquidity levels in the region and new buyer friendly legislation designed to protect investors, Dubai's impressive growth rates and investor returns may not be what they once were but the possibility of a steady recovery and the opportunity to snap up property bargains are contributing to a nascent sense of optimism.

According to Gulf News, the country has fared far better than Europe, Japan or Australia in terms of the sales drop off. ""The values per square foot for land are nearly the same today than at the beginning ...
... of 2008,"" says Mohammad Sultan Thani, Assistant Director-General of the Land Department.

The authorities in Dubai have also been quick to act to encourage overseas workers and employers to stay in the country with a recent decree preventing rental increases for those who were leasing properties in 2008 (residential and non-residential.)

The same factors that have catalysed Dubai's rapid growth in recent years are those that are already contributing to signs of recovery - it enjoys great tax advantages, with zero corporate, income and sales taxes, it's an investors dream with The World Economic Forum rating the United Arab Emirates, (in particularly Dubai) as one of the top 15 global destinations for foreign direct investment (FDI).

In fact now more than ever would be the ideal time to explore the many advantages that Dubai offers property investors - location, climate, infrastructure, tax regulations, security, stability, government investment, tourism development, long term growth projections and sheer value for money.

You may have missed the first profit waves in Dubai, be sure to be ready to catch the next.