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VALENCIA

Dubai Property Market - An Investor's Viewpoint


The Dubai Property for sale market is probably one of the most watched and fastest growing property markets in the world, and has been for the past 2-3 years. Real Estate agents and agencies in Dubai are popping up all over the place and developments are rising out of the desert at a pace that puts most cities to shame. Property prices as well have been attractive for investors over this growth period, with many people who decided that buying property in Dubai is a smart move, are experiencing a return on investment (ROI) of sometimes 100% in a matter of two to three years. One shouldn t expect this amount of growth to continue as the property market in Dubai begins to mature, but there are still an ample amount of attractive developments and financial incentives to make people think long and hard about Investment Property in Dubai. One of the most attractive things about the property market in Dubai are the new property laws that were established in early 2006, that put more stability into the property market, and helped to assure investors of their rights.

The property market in Dubai, however, isn t for the novice investor and does take a bit of due diligence for those people looking to make some money. One of the most important factors to consider when thinking about buying Dubai Property is whether the developer is reputable. Since the property market has grown so quickly, it has left room for first time developers to attract investors with flashy pictures and 3D models of Dubai Apartments, but without any real experience in property development. Eventually this means a lot of new home owners are moving into their new Dubai property and finding lots of structural faults. That said though, the Dubai Property rent market has almost made this a moot point, as the demand for rental properties in Dubai are such that landlords can rent anything for near record prices and consumers have no alternatives. Hopefully with the passing of the new Dubai Property Law, this will be eased in the future.

 


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