Dubai real estate market
The Dubai Real Estate Market Overview
The Dubai Real Estate Market Overview
Dubai real estate is something everyone has kept a keen eye on for the past five years. Since 2001, the Dubai property market has grown in unprecedented numbers, but the future seems somewhat bleak for investors in this once highly profitable economic sector. The global financial crisis was delayed in its arrival in Dubai, but it managed to creep up nevertheless and in October 2008, the Dubai real estate market began plummeting right off its short-lived utopia.
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Dubai Property Buyer’s Guide
Dubai Property Buyer’s Guide
Buying property in Dubai was once a difficult task, because no foreigner was allowed to own any property in the Arab world. But since the turn of the new millennium, Dubai has blossomed into an investor’s paradise, after introducing a whole new freehold property market. Dubai property is among the most highly sough-after investment ventures in the world today and the emirate now contributes to around 8% of the country’s annual GDP. How does someone initiate a property deal in Dubai? It’s as easy as offering a sensible amount by word. Unlike in many other cities and nations in the Middle East, there are no special permission to be obtained by a foreigner to purchase Dubai property.
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