Why Dubai Property?

1. Dubai is Desirable

Dubai is a desirable location because of a lot of factors. This desirability means that it will continue to be popular for tourism, new residents and businesses. The population of Dubai is set to continue to grow at an amazing rate. Tourists are set to increase to 15m per year by 2010 and to 40m by 2015!

• Dubai has great weather with sunshine all the year around.
• Very low crime and safe environment. Dubai has been voted the worlds safest city for 4 years in succession.
• The population in Dubai is very cosmopolitan with over 85% of residents being expatriates.
• Resident Visa easily available with appropriate residential property purchase. Dubai will become a tax haven and a tertiary home for international property buyers and the worlds wealthy - East & West.

2. Great Tourist Attractions

Dubai will have the world's leading tourist attractions and be a World Leader in many fields. Tourists are set to increase to 15m by 2010 and up to 40m by 2015.

• Dubailand is a huge development located towards the desert. It consists of 6 themed worlds & comprising over 200 individual projects. It will soon become the biggest, most varied leisure, entertainment & tourist attraction on the planet 7 TIMES THE SIZE of Disney World in Florida. Approximately seven projects will finish this year forming the 1st operational phase of Dubailand. Dubailand expects to employ 300,000 and attract 200,000 visitors a day!
• The Burj Dubai is already the tallest building in the world- It is the iconic landmark, much taller than any other structure.
• Dubai is building the world's largest airport with twice the capacity of Heathrow.
• Great Sports Tournaments: The Emirate plays host to the Dubai Tennis Open, Golf's Dubai Desert Classic, the Dubai Rugby Sevens, the Dubai Grand Prix of Nations and the Dubai World Cup.
• Extensive Beaches with an enormous beach front, much of it created via the Palms. Superb quality clean beaches and water sport facilities.
• Superb hotel facilities and the world's first seven-star hotel, Burj Al Arab.
• Bubble City (city in the air and underwater City (Hydropolis) are unique developments to Dubai.
• There are over 47 shopping malls that offer all the leading world brands. Amongst these are the Ibn Battuta Mall, Mall of the Emirates, Mall of Dubai and the biggest mall in the world - Mall of Arabia.

3. Strong Economy

30 Year Investment Plan. The Government of Dubai had the vision to produce a 30 year plan to replace the oil economy with Tourism, Financial Services and Real Estate. Part of this plan was to make Dubai the business capital of the world and the link between the West and growing economies of China and India. Dubai is on schedule with this plan. The high oil price has provided the government with even more investment than forecast and will ensure that this plan is successful.

• Middle East Hub. Dubai is already the Middle East centre and hub for all trade, finance, land-sea-air logistics, property, leisure, entertainment, retail, IT, media, education and medical activities.
• World Financial Centre. The Dubai International Financial Centre (DIFC) is a specially created financial district for the whole of the Middle East. It has been set up to accelerate the repatriation of $1 trillion, which is currently invested & managed outside the region. Located between the London & Hong Kong stock exchanges it is a unique free zone with its own laws.
• Business friendly environment, coupled with low cost talent and labour from the countries of the region and the East, and parallel investment in infrastructure (e.g. $4 billion Metro system) and communication will ensure continued high growth in GDP. The currency is very stable as it is linked to the USA dollar at exchange rate of 3.67 fixed, unless it is re-valued.
• Dubai is an open, welcoming & tolerant state with investor friendly business policies such as no trade barriers or quotas, strong investor incentives & protections and easy access to key decision makers.

4. Massive Investment in Real Estate

• Government backed. The investment and growth in property is effectively underwritten by the Government of UAE, which has continued to benefit from oil revenues at a higher rate, and for a longer time than expected. Here are just some of major projects that are essential to fulfilling the massive demand and will provide great investment opportunities for UK buyers.
• Jumeirah and Nearby. Projects near the Palm Jumeirah include the Dubai Marina City, Jumeirah Beech Residences, Internet City, Media City and Dubai Pearl. Here, just south of Sheikh Zayed Road are Jumeirah Park, The Greens, The Lakes, The Views, Media City Extension and the main Villa Estates (Emirate Hills, Meadows and Springs). Palm Jumeirah itself has many developments on its trunk, fronds and crescents. 'The World' is a collection of islands representing the world map just north east of Palm Jumeirah.
• Jebel Ali. Downtown Jebel Ali lies along the south of Sheikh Zayed Road. Nearby are Jebel Ali Village, The Gardens, Festival Gradens and The Lost City. There are also major industrial developments surrounding this area including Jebel Ali port to the North.
• Dubailand associated projects include, Arjan, Majan, Arabian Ranches, Motor City, City of Arabia, Dubai Legends, Falcon City, Aqua Dunya, Al Barari, The Villa and Polo Club. Other developments are expected to be announced soon. At the West end of Dubailand are Jumeirah Golf Estates, Jumeirah Village, International Media Production Zone (IMPZ) and Sports City. At the East end are Dubai Silicon Oasis, Academic City and International City.
• The Creek and Business Bay. Projects at the south tip of the creek include Festival City, The Lagoons and Culture Village. The Creek is being extended into Business Bay which features the Burj Dubai. Nearby, just north of this on Sheik Zayed road is the Dubai International Financial Centre (DIFC) where there are further developments.
• Palm Deira -At the North East of Dubai will be The Palm Deira, which is many times bigger than Palm Jumeirah with many more fronds. Maritime City is another development nearby.
• Dubai World Central is a massive new city at the South East corner of Dubai; build around the new World Central Airport which will be the biggest airport in the world. There are many developments here including Dubai World Investment Park.
• Dubai Waterfront & Palm Jebel Ali. These are large new developments the size of cities at the North West corner of Dubai.

5. High Property Value Growth

Due to desirability and strong economy, the population of Dubai is set to increase at record rates fuelling demand for property. For the last 3 years property growth rates have been 18%, 23% and 28% respectively. Whilst growth in the UK is set to be zero or negative during the current year, our assessment is that this high growth is likely to continue in Dubai at record rates.

Dubai was unique in allowing foreigners to buy Freehold property. This has only happened recently (announced 2002 and ratified last year) and therefore many investors view there to be a huge potential for growth in the Dubai property market.

The buying process is simple, no limitations or restrictions! Anyone can buy! There is no stamp duty, legal fees or survey costs involved in buying freehold property in Dubai - apart from the land registry fee of 2% on completion of a new property.

Even though the new projects will provide additional property, the demand is predicted to outstrip supply and property prices are expected to continue to increase. Dubai property prices are low compared to those in the UK and popular European countries.

6. High Rental Yields

Rental yields in the UK are about 3% compared with 7% (professional long term Lets) to 14% (short term holiday Lets) in Dubai. The demand is currently so high the UAE government has put a limit on permitted rent increases to control this. Rental yields also suggest that Dubai property will continue to rise, as the market is not mature. There are no limits on commercial rentals which continue to increase.

Dubai hotels have one of the highest occupancy rates in the world at around 85% on average and this is likely to continue as growth in demand will outstrip the growth in supply.

7. No Tax

There is no income Tax or Capital Gains Tax in Dubai. No Corporate Tax either- The only exceptions to this are oil producing companies and branches of foreign banks.

There are also no restrictions on capital repatriation which means that your funds can be easily taken out of Dubai if required.

The net result of the zero tax environment means that your investment growth is much higher.