| Dubai's economic growth has taken the world by | | | | freehold properties, if they wished today. |
| storm. Despite the recent slowdown in the US | | | | Dubai's growing reputation as a city of many firsts in |
| economy, a skyrocketing petroleum cost and a | | | | the world of architecture has given more colors to its |
| dampening outlook across most of the world | | | | overall charm. From the very first seven star hotel, |
| commerce, Dubai's growth continues to baffle most | | | | Burj Al Arab, to the now under construction the |
| media experts and industry watchers. What makes | | | | tallest building of the world, Burj Dubai, the city |
| this story even creamier is the handsome dividends | | | | continues to house many of today's world landmarks. |
| Dubai's real estate has been able to offer to its | | | | As a result, tourists flock in large numbers to have a |
| investors over the last few years. Expatriates living in | | | | glimpse of this urban excitement each year. Summer |
| Dubai form roughly 80% of the whole population. | | | | used to be a holiday season earlier, but no more now. |
| This, coupled with a large number of tourist arrivals, | | | | Year long fun, food and cultural fiestas - apart from |
| makes Dubai's real estate a cash churning machine. Be | | | | the usual retail madness - make Dubai a place of joy |
| it major construction giants or individuals buyers | | | | and celebrations throughout the year. No need of |
| hoping to buy luxurious villas and self-catering | | | | underlining why self catering apartments, Dubai villas |
| apartments, Dubai has been able to offer each of | | | | and similar other freehold properties could be a great |
| them with a place of right aura. | | | | investment offer in today's scenario. |
| Thanks mainly due to a visionary Al Maktoum family, | | | | Many buy self catering apartments, Dubai villas and |
| which came to power in 1883; Dubai's economy has | | | | other freehold properties to have a place for |
| continued to grow despite of so many economic | | | | vacationing when they may like doing it. Many others |
| turbulences it had to go through since the World War | | | | simply buy to rent them out to other holidaymakers. |
| II. Steps initiated by the Al Maktoums have made | | | | Rentals can be a great way for making money from |
| Dubai's oil returns inconsequential in the era of | | | | this emirate. They can prove out to be a headache |
| globalization. The emirate's GDP chiefly gets sourced | | | | for those paying rents, and a great monetary reward |
| from its free trade zones and tourism infrastructure | | | | for those receiving sums. Dubai's rentals are among |
| instead. Most decisions taken by the successive rulers | | | | the most expensive ones in today's times. They may |
| have been prompt and executed in a timely fashion. | | | | give jitters to tenants, and a pleasant smile to |
| This made Dubai sellable and a growth-friendly area | | | | property owners. Homes could be sold at a premium |
| for carrying out business over the years. Global | | | | after a few years, since the real estate would |
| business partners, large FDIs and a highly skilled | | | | continue to sore in Dubai in the years to follow. |
| workforce have kept pouring in despite of the | | | | These aspects lead to many foreigners and |
| occasional negative clues from other economies. | | | | expatriates buying freehold properties in Dubai as a |
| Recently, the government agreed to allow the | | | | way of making money. It's a win-win option for |
| outsiders to have a freehold property right. This | | | | those who know how turbulent times they were |
| wasn't the scenario until now. As a result, one could | | | | living in in a highly globalized world. |
| buy self catering apartments, Dubai villas and other | | | | |