dubai International City
Major Dubai Property Developments
Dubai Real Estate/Property - Major Dubai Property Developments by Dubai City Guide Summer 2008
For a long time, Dubai property ownership was limited to Emirati nationals only. But, after the new property decrees were announced by the crown prince in 2001, foreigners are allowed to fully own apartments, villas, offices and complexes in Dubai. With this sudden evolvement, the demand for Dubai property increased in magnanimous proportions. So, as a post-demand necessity, construction companies around the country and even those from overseas, began developing building complexes, communities and entirely new islands in Dubai.
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The Real Estate Market in Dubai
Dubai Property - The Real Estate Market in Dubai by Dubai City Guide Summer 2008
An investor’s paradise, Dubai is highly recognised worldwide for its prime property development projects. Dubai’s real estate market is responsible for nearly 8% of the UAE’s annual GDP and is expected to keep increasing in its contribution to the country’s economy. The towering modern skylines created by world-famous architects and quaint dwellings made to Islamic architectural designs provide just a glimpse into Dubai’s true potential as an investment breakthrough in the property sector.
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