Ongoing Residential Projects In Dubai-- A Big Investment Set-Up
Dubai Ongoing Residential Projects can only be likened to those of Western countries have helped Dubai become quiet an influential city in the world. Today the merchants have gone international and science-fiction skyscrapers stand alongside the mosques and wind towers of Old Dubai. Ongoing Projects In Dubai amazing sporting arena where despite the harsh desert weather outside you will find an ice-skating ring that is so cold you would think you are in the Ongoing Residential Projects In Dubai Alps. Dubai properties have attracted buyers from all part of the world since its introduction of freehold status in 2004. Ongoing Residential Projects In Dubai properties are available at budget, premium and super premium price levels. Now people are more interested in buying properties in Dubai with freehold status because the procedure to buy properties in Dubai is less complex than in any other countries. They have some huge projects such the world, Dubai sport city, Dubai media city, golf world, palm Deira, palm Jumeriah, and palm Jebel Ali. At this time, freehold property in Dubai is limited to area of Burj Dubai. This is the area where Dubai links up with Abu Dhabi. Ongoing Properties In Dubai are widely regarded as the Ongoing Hotel Projects In Dubai biggest real estate company. As a matter of fact was the first company to get into freehold property. Some of their projects are mentioned below:. Burj Dubai: Burj Dubai is the world's tallest tower surrounded by a commercial, residential and hotel complexes. Dubai Marina: Dubai marina is the biggest man-made marina in the world. In addition, Dubai Marina is also amongst the world's biggest master planned waterfront development. Golf Tower: Golf Tower is basically a two residential high-rise towers that will overlook the Emirates Golf Club. Ongoing Housing Projects In Dubai market have recovered especially in the last quarter of 2011 and first quarter of 2012 and the prices of real estate are skyrocketing nowadays allowing real estate www.topdubaiproperties.com/ongoing-residential-projects-in-dubai/ owners to seriously benefit from it. For almost a decade, the demand for new housing has been far exceeding supply. As a result, the rental prices have hiked 37 percent and the trend continues. In the last four years, the prices of the new villas have increased by 226 percent. As only 7 percent of Dubai's population is local, new investors are able to advertise their properties to a global market. Such is the attraction of the new economy; experts predict that the population might double itself in the next decade. According to Dubai Real Estate Authority, the real estate grew at the rate of almost 1200 to 1500 percent between 2002 and 2007. Ongoing New Housing Projects In Dubai investments are due to the lucrative incentives provided by the UAE government which includes trade and monetary freedom. About one third of the projects in the region are UAE based and it was the first state to allow foreigners to own full property rights. The city has enormous potential for tourism and industry, alike. Investors are well advised to contact local professionals who have an intimate knowledge of the market. The consultant companies provide help on a variety of real estate matters and are quite selective on presenting the most profitable investments in the Gulf. Ongoing Residential Projects In Dubai has become the world's latest craze with fabulous attractions that feature many innovative large construction projects such as the Burj Khalifa which happens to be the tallest building in the world and stands at 829.84 m (2,723 ft.).