Out of the seven emirates of the United Arab Emirates, Dubai is the richest, driven by natural resources such as oil and gas and it is flourishing, but it was desperate to change its income generation from natural resources. Its Prince Sheikh Rashid bin Mohammed bin Rashid Al Maktoum began a campaign to turn the ancient village into the best tourist destination and recently there has been a lot of construction in the city that has created a real estate boom and people from all over the world are flooding to buy properties in Dubai as investing in Dubai real estate has many advantages. The investment in Dubai gives you greater profitability and it is expected that incomes will rise as the population grows, so people from any part of the world can get the residence permit very easily.
Dubai hotel apartments are beautifully furnished and boast all the luxuries of life. Usually the hotel apartments are built into some kind of megaproject like the Burj Dubai and the Palm Islands, but it is always good to hire a property locator, which will find the most suitable property in the area of your choice. Before buying a property in Dubai, you may need to consider the following aspects;
Carefully delineate the purpose of purchasing a specific property.
Know the limitations of your budget.
Contact a local real estate agency or real estate developers in Dubai.
Buy a property whose resale value is expected to increase in the future.
Full inspection is required of the property
Manage the real estate affairs which UAE government has established, an independent institute known as the Real Estate Regulatory Authority (RERA) whose objectives are to resolve any dispute over a property, maintain the history of real estate transactions, regulate the construction projects of the home and maintain a real estate business environment.
Dubai for rent is a tagline followed by many real estate agencies, after the introduction of the condition of absolute ownership in the year 2002 by the rulers of Dubai. The development of Dubai such as its international airport, world’s first and only 7-star hotel and many megaprojects have become the best places in the world to make investments in the real estate business.
The rulers of Dubai have developed tourism as their revenue generating source and it has become the land where are the rich guys come to spend their vacations. Hollywood and Bollywood celebrities love to visit Dubai and many have their villas and cottages in several Dubai hotel apartments.