Property for Sale in Dubai has been available to expatriates since May 2002, when the Government of Dubai legalised foreign ownership of property. The real estate sector has seen monumental growth and has paved the path for massive developments and mega projects, offering a wide range of investments in the form of properties for sale in Dubai, to individuals and developers.
The opportunities offered by investing in Dubai properties have not gone unnoticed, and the market’s responsiveness has been phenomenal. Property in Dubai is available for sale either directly from the developers or through the hundreds of real estate agencies that have sprung up across the Emirate. International real estate consultants are now feeding off the availability of property for sale in Dubai.
Several projects and developments already underway have been sold out in the primary market, fuelling price increases in the secondary resale market. Focus seems to be centred on Burj Dubai, the tallest building in the world. With completion anticipated at the end of 2008, two of the six towers surrounding Burj Dubai called The Residences have already been sold out.
However, there is no shortage of prestigious property for sale in Dubai. Each new development is bigger and better than the previous one and when it comes to property for sale, buyers are spoilt for choice. Whether buying for investment purposes of leasing or selling, for personal use as a holiday home, investing in Dubai property is a sound decision.
For a new comer to the city, the prospect of finding a suitable property for sale can be a bit confusing and overwhelming because of the sheer number of developments and towers that are springing up across Dubai. Meeting with reputable real estate agencies or the developer to find out more information is the best way to deal with this situation. Real estate agencies have the advantage of large property selection and industry know-how. However, whichever way you choose to go about finding the most suitable property for sale in Dubai, you can rest assured that your investment will fetch you rich dividends.