Landvest Dubai has identified a number of factors as to why an increasing number of investors have been drawn to the Dubai property market and what the market offer’s to anyone interested in moving to Dubai or profiting from its real estate? Here are just a few reasons as to why you should invest in Dubai:-
 

• Dubai properties remain competitively priced compared to similar properties in the UK, US and other parts of Europe where the markets are at an all time high, offering very little in growth potential.
  
• If you buy an apartment or villa in Dubai to let, you will not be liable for income tax on the rental income gained.
         
• There is no Capital gain taxation on real estate within the UAE market.
        
• No stamp duty is payable on the purchase of Real Estate within the UAE market.
        
• When buying freehold property you are not subject to legal fees and survey fees making the entire process highly affordable with no hidden taxes and charges.
  
  
• The only charge of any significance that you have to factor in is the 1.5% land registration fee which is payable upon completion.
        
  
• International property analysts universally agree that there is huge potential for growth in the brand new real estate market in Dubai for at least the next two years.
         
  
• The demand for rental property in Dubai is increasing strongly and steadily due to the increase in residents arriving yearly. Over 400,000 new residents arrived in Dubai last year alone and this means that demand for rental accommodation is far outstripping the supply which results in high rental yields achievable. Current rental yields average 12 - 15% per annum with these figures set to remain if not increase, and rental increases in some areas have been known to top between 25 and 35%.
  
  
• Capital growth has reached soaring levels particularly in the last year alone and is expected to level out at 15% per annum for at least the medium term.
  
  
• Many developers sponsor their purchasers; therefore if you buy from such a developer you will receive your residence visa.
  
  
• The build quality, architectural standard and finish of all construction work in the Emirate are excellent with the attention to every detail world class.
        
  
• Since 2002 when the crown prince relaxed real estate investment legislation in Dubai, foreigners now have the right to buy 100% freehold property.
   
  
• Since 2002 property has risen at a rate of 25% per annum with the market only really heating up in 2004. The market is expected to soar over the next two years in particular making it the right time to buy to benefit from the projected levels of property investment growth.
  
  

Dubai Facts

• Geography: Dubai, with an area of 3,885 square kilometers, is the second largest member of UAE . Other members include Abu Dhabi, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah. Dubai is situated on the banks of the Dubai Creek, a natural inlet from the Gulf, which divides the city into the Deira district to its north, and Bur Dubai on its south, the city ranks as the most important port and commercial center in UAE.
  
  
• Religion: Islam is the official religion of the UAE and there are a large number of mosques throughout the city. Other religions are also respected.
       
• Climate: The UAE has a sub-tropical, arid climate. Rainfall is infrequent and irregular. Falling mainly in winter, it amounts to some 13 centimeters annually. Temperatures range from a low of about 10 degrees Celsius to a high of 48 degrees Celsius. The mean daily maximum is 24 degrees in January rising to 41 degrees in July.
      
• Language: The official language is Arabic. English is widely understood and ranks alongside Arabic as the language of commerce.
  
  
• Local Time: The UAE is four hours ahead of GMT.
    
• Currency: The monetary unit is the dirham (Dh) that is divided into 100 fils. The dirham is linked to the Special Drawing Right of the International Monetary Fund.
        
• Banks: Both the local banks and the many international banks represented by branches in Dubai provide the usual commercial banking services. Transfers can be made without difficulty as there is no exchange control and the dirham is freely convertible.
        
• Business Hours: The weekend has traditionally been Thursday afternoon and Friday, but some organizations now close on Friday and Saturday, working through Thursday afternoon instead. Government offices are open from 7.30am- 1.30pm (7.30am-12.00 noon on Thursday).
         
• Medical Care: Dubai has many well-equipped hospitals. The Dubai Department of Health and Medical Services runs Dubai, Rashid, Maktoum and Al Wasl hospitals. Dubai Hospital is one of the best medical centers in the Middle East, with specialized clinics; Al Wasl is a specialized maternity and gynecology hospital. The department also operates a number of outpatient clinics, of which one is situated in Jebel Ali. In addition, there are a number of well-equipped private hospitals with in- and out-patient facilities.