The rise of real estate market in Dubai and the new projects being introduced

Dubai’s economy is growing at a fast rate and it’s properly market is booming due to the tourists and immigrants flowing into Dubai. This has attracted many investors from all around the world to get their share of profits by investing in growing real estate of Dubai and it is surely a secure investment and investors are earning high return on their investment. This is mainly because of the property act passed by the government of Dubai which provided the opportunity to the investors from all over the world to own, buy and sell freehold and leasehold property and property prices are constantly rising and so are rental rates. Other reasons include safe working environment, better health care facilities, job opportunities and low crime rates. Due to this, many new residential projects are being constructed in Dubai such as Dubai Marina.

It is now relatively easy to buy property in Dubai due to incentives provided by the government and the role of real estate agents and websites. Many Real estate agents working in Dubai not only help to provide the desired property but also advice people about buying or renting the right property in the suitable area. Internet has also helped a lot to promote real estate business in Dubai, as there are many websites that provide detailed information about the properties in Dubai and provide authentic links to property dealers making it easy for foreigners to buy or sell property without personally visiting Dubai. Property in Dubai is relatively cheap as compared to other countries like UK and borrowing costs are almost similar to as other countries. Tax free income in Dubai has made the property market more appealing as it increases the buying power of people earning in Dubai.

Dubai Marina is another residential project that is situated in the heart of New Dubai. It is an artificial man-made canal city with a properly planned infrastructure that offers unique and luxury lifestyle. Dubai Marina consists of two phases and the first phase has been completed while the other one is in progress. The first phase contains six freehold apartment buildings known as Dubai Marina Towers while phase two will include skyscrapers known as Infinity Tower, Ocean Heights and Marina Pinnacle etc. Dubai Marina Property usually consists of apartments of different sizes depending on the prices. The apartments comprises of two or three bedrooms and penthouse. These apartments are luxurious and provide its residents an ultimate lifestyle that people dream of. The apartments are easily available for buying and rental purpose on different websites and through many property dealers in Dubai.

Another one of the popular projects in Dubai is Palm Jumeirah, also called eighth wonder of the world. These apartments and villas provide its visitors with world’s best accommodation. It also offers its residents and investors to buy beachfront lands and construct their dream home on one of the world’s most exotic location and enjoy the breathtaking view of the sea. This piece of accommodation provides a great deal of luxury to its residents.

The reasons behind the high demand of Dubai real estate properties

Dubai is one of the most exotic destinations in the whole world. The city is considered among the biggest metropolitan cities in the whole world. This city is located on the Persian Gulf in one of the seven emirates of United Arab Emirates of the same name. The working conditions and life style in Dubai is really great. There are many activities, facilities and sources of entertainment available to the people living in the city of Dubai. Also the overall environment of Dubai is very safe and the economy of Dubai is improving at a rapid rate. Dubai also welcomes people from all over the world with open arms and the people living Dubai are quite friendly with the visitors and travelers creating a great and pleasant environment for the expats in the city.

Due to these reasons, the demand for properties is quite high making the market of real estate in Dubai one of the most successful and profitable investment sectors in the whole world. Dubai has become the top priority and favorite investment opportunity for the investors from all over the world. A lot of new projects are being constructed and developed by the leading construction firms of the world resulting in continuous growth in the market that is greater than that of any other real estate market in the region.

Apart from the reasons mentioned in the first paragraph, other reasons include the facts that even after such a great amount of growth and demand, the property prices in the city are still lower than that of many countries and cities in the world. The facts that the borrowing rates and costs are similar to the most of the part of the world and no tax has to be paid on income by the people are other reasons why people prefer to live in the city of Dubai. The high growth potential in the property sector of Dubai is one reason why people prefer to obtain the properties in the city of Dubai. Availability of different feasible mortgage options by renowned companies is another reason of the popularity of the property among investors. The people who buy the properties in the city of Dubai are also provided with complimentary visas for 3 years. The crime rates in the city are the lowest in the world becoming one more reason of the demand of properties in Dubai. Every project that is developed and every piece of property that is constructed is unique in its way and is considered a masterpiece of architectural engineering. This uniqueness is also included among the reasons of creating attraction among the people for these properties.

To avail this great opportunity available to them in the form of Dubai property market, a lot of real estate companies and agents are operating in the city. These agencies and companies deal with almost all kind of properties and provide different kinds of Dubai property for rent and sale to the potential buyers and customers according to their demands and requirements.

Dubai Real Estate Market and Some of the prominent properties in the city

Dubai property market has become one of the most profitable market segments in the whole world. People who want to earn great amounts of profits or returns on their investments in very short span of time choose to invest in this sector. The reason behind the great success of this market is the safe and pleasant living and working environment of the city. Due to the job opportunities and the luxuries being offered to the people, it has become the dream of almost every person in the world to live in the state of Dubai. The city of Dubai welcomes people from all over the world and has the largest immigrant population as compared to the other cities and states in the world. This increased population has resulted in a rise in the demands of real estate market and hence it is another reason of the success of this sector among the others in the city of Dubai.

This blooming property market has attracted the attention of almost every real estate dealer and developer around the globe. Renowned  construction companies from all over the world are making their way into the Dubai real estate market to avail this excellent business opportunity. Also many investors are investing their sums into the properties in Dubai in order to gain maximum benefits from the golden opportunity available to them. The demand and value of property market in Dubai has especially grown by a considerable amount after the introduction of Property Act of Dubai which allowed the foreigners to own, buy and sell freehold and leasehold properties in the city of Dubai. After the introduction of this act, many foreign investors have started investing heavily in the real estate sector making its demand and value to rise and thus the real estate Dubai market has become one of the most successful and growing markets due to this reason.

Many new residential and commercial projects are being introduced by the top notch construction companies operating in Dubai. These include Dubai Marina, Jumeirah Lake Towers, Jumeirah Garden City, Dubai Media City, Culture Village, Jumeirah Village and Jebel Ali Village, Palm Jumeirah, Palm Jebel Ali and Dubai Maritime City. Among these, Dubai Marina property and Palm Jumeirah are considered the most prominent and popular among the rest of the projects and therefore the properties of these two areas are the considered the most valuable due to their construction design and uniqueness.

Dubai Marina is the largest manmade marina situated over the Persian Gulf coastline. It holds a central position in the city by being located in the middle of popular projects like Dubai Internet City and Dubai Media City. American University is also situated near the marina. The marina will consist of sky high towers, apartments and villas. Phase 1 of the project has been completed and phase 2 of the process is being constructed at a rapid pace.

Palm Jumeirah is the largest manmade island in the whole world. It comprises of three islands which are collectively known as Palm Islands. The island is situated on the Persian Gulf shoreline and comprises of residential apartments and villas. Ever since its construction and plan has been announced, it has become the most hotspot topic among the real estate investors.

Real estate market and the prominent projects being developed in the city

Dubai, one of the seven emirates of the United Arab Emirates is the region in which the city of Dubai is situated. The city is considered as one of the largest tourist destinations and biggest metropolitan cities of the world. Initially it was a desert in which such rough conditions were present that it wasn’t possible for any of the people to survive in the region except for a few Bedouin tribes. The city began developing in the 19^th century and has gradually taken the shape of what is known as present day Dubai. The city is a popular tourist destination with many different marvelous structures, great architecture, historical heritage and fun activities that make the city a suitable vacation spot for any kind and any age of people.

Dubai is also famous for its real estate industry in the whole world. Dubai is like a money machine and gold mine for the real estate investors and other people that want to invest their money in a secure place and earn high amount of returns on it in relatively very less time as compared to the other sectors and businesses in the world. Investors from all over the world are investing in the property market in Dubai to the real estate franchise opportunities available to them in the form of Dubai. Due to the amazing developments and fabulous projects being developed by the real estate companies, Dubai has become a land of promise for great returns on investment.

The Dubai property and freehold projects that are really popular among the investors and to which the investors are attracted like the bees are attracted to honey include Business Bay property which is located on the Sheikh Zayed Road. This project has been constructed over an area of 64 million square meters and consists of more than 230 commercial and residential towers.

Another investment option that is considered quite attractive for the investors is Burj Dubai which is located on the Sheikh Zayed Road and is a building of a height of more than 700 meters. It is considered as the world’s tallest building and is considered one of the wonders of the world. The building is going to be surrounded by a man-made lake and will consist of a number of attractions and facilities.

Dubai Marina is another fabulous project that the investors are dying to invest in. The project is the largest man-made marina and the biggest water front project that will consist of residential villas and towers.

Dubai Pearl is a project that has been developed by Omnix Group and consists of residential complexes, offices, hotel and a theater. The project is situated between Dubai Media City and Knowledge City which makes the location of the project quite great.

International City is a project developed by Al Nakheel properties and consists of residential and commercial structures that are designed on a country themed architecture. The project is located in the Al Warsan region of Dubai. International City is a great opportunity for investors and is considered a complete mega project that is going to consist of six pivotal areas.

Apartment for Rentals is a Good Solution for Long Term Stay

Companies who have dispersed locations all over the world are faced with challenges of high overhead costs of managing the worldwide affairs. The reasons for increase in such expenses can be contributed to the fact that travelling and stay of executives for attending meetings in other countries could inflate the expected or budgeted expenses under a head. If expenses overruns by some amount then one should take cognizance of the fact that this affects directly the profitability of the company. The financial indicators for measuring the success of any industry include the calculation of gross profit and also the net profit. The former term is used to describe an amount that is calculated after deducting costs of sales from the revenue figure. On the other hand the term net profit is used to describe an amount that is calculated by deducting administrative, distribution and other expenses from the amount of gross profit. The ultimate indication of good financial performance is depicted by net profit which then measures the amount of earnings per share that would be offered to the shareholders. On the basis of earnings the calculations for dividend to be distributed is calculated and analysts argue that the amount of dividend determines the share price in any stock exchange. The higher the market ranks the share of a company involved in developing real estate projects, the higher its chances of growth and profitability in future would be.

Apartments for rent in Dubai are a sweet and viable alternative of depositing your sum in a fixed return security of a bank. The rentals that are offered to an owner of apartments are sometimes higher than the annual returns of the banks or other money market securities. The development and management company which earns high net profit are considered more trustworthy by the general public and this means that the company would be having huge retained profits in order to construct new buildings/apartments which will then be offered for the purpose of acquisition on rentals. In Dubai rentals amount are calculated by considering the demand and supply forces of the market.

Rentals of apartments are different according to the quality of facilities provided by each. There are cases when the apartment offers facilities that are state of the art and caters to the needs of society at large by incorporating generally demanded features. This includes designing interiors as per the recent and upcoming trends in the markets. Such luxurious apartments are occupied by business executives who are reimbursed by their respective companies for whatever expenses they incur. In reply to various other features that emanate on a continuous basis, the management of apartments need to acquaint themselves with it. Some companies who planned to send their executives or other employees on regular basis choose to buy an apartment instead of paying rentals for each visit. But this decision is not a simple one and required great deal of planning and analysis. In simple terms an analysis shall be made of the amount expected to be paid for rentals in the future and the purchase price of the apartments. This comparison results in efficient allocation of financial resources of the company.

PROJECT DEVELOPMENTS: WHY SOME OF THEM FALL FAR FROM EXPECTATIONS?

There has been a surge in the construction projects all over the world after the Dubai property decline incident is finally letting up and getting soothed. The pattern of construction being followed around the world now follows some rigid guidelines. Due to failure of some projects all over the world, the construction companies now pose more reliance on the demand and the economic conditions prevailing.

In the last decade, there were some property projects that could not live up to the expectation of masses in general and the builder or developer in particular. They were constructed perfectly in all terms but you would be saddened to know that the expectations of revenue generation could not be met in full. The companies who construct such buildings or projects only undertake such projects because they want to derive a certain sum of money in the form of profit. As the amount of cost involved in developing huge projects are mammoth and gigantic, the expectations of profits are in turn also large and huge. The companies involved in developing a project get the finance for such construction from a certain number of sources. These sources include bank loan, issuance of debentures and in some cases involving others in sharing the profits. A possible example of profit sharing is simply by issuing equity shares for the raising of money. The company’s intention is to earn such a percentage of profit in order to first pay the interest and other cost including repayments of loan and then the sum remaining is considered as the profit margin.

Construction in Middle East took a step back some years back when some of the projects that attracted the eyes of all from the globe could not get the desired form of revenue and profits. Many reasons were ascribed to define the reasons for such failure of the project that became so famous not only in the country but also all over the world. The quick change in economic and political environment is one of the factors. The time taken to complete the project constitutes many years and during this period the economic circumstance may change miserably. The construction of a projects starts with conducting feasibility, planning for architect and design, inclusion of some unique and innovatory features and then the construction and completion. Before these processes are carried out, the advertisement is required for the project. This means that before even a blue print of a large project is made, its advertisement to public at large is required. The purpose for such advertisement is to make it attractive and also to arrange the source of finance. The investors who see that a project is coming up with a high demand in public agree to invest their money in it. In case of residential projects, the families come and visit the proposed plan of construction and book a residential place in it by providing advance followed by monthly or quarterly payments. As said earlier that this form of doing construction faced some failures because of the long time between the advertisement and completion during which economic factors change, some construction agencies and companies came up with the idea of preparing a project completely and then come to public later. However, this form of construction has also not met success. The focus of the companies should now be to get the project complete in good time but keeping an eye on economic changes can be a key to success and reaping high profits.

Peaceful and calm Residential Communities in Dubai

Dubai is an exceptional place. It is one of the most colorful and culture-rich cities in the world. Dubai, an unparalleled emblem of modern civilization, offers a unique blend of cultural and geographic demographics. It is the one place where west meets east without boundaries and intermingles to form a distinctive way of life for all irrespective of their belonging and ethnic affiliations. It offers diverse and distinct standards of living for its multicultural population. The residential divisions in Dubai represent the range of communities penetrated into the region. These residential communities differ from each others in terms of accommodation cost, lifestyle, and accessibility to the main areas of the Dubai.

In particular, residential communities make immense difference in standard of living in Dubai. This phenomenon, in principal, affects the purchase decisions of Dubai property. The landscape of dissimilar communities in one region forces investors to give intricate consideration to the available investment opportunities and make wise decisions.  Similarly, for expats and tourists coming around the world, selecting a Dubai property for rent can be challenging because of the inimitable residential conditions in the region.

To help you make the right decision, here we have compiled a catalog of most tranquil and aesthetic communities in Dubai:

• Emirates Hills: located on a private serene beach on the palm Jumeirah, Emirate Hill communities are in close neighborhood with a plethora of shopping malls, resorts, and restaurants.
• Jumeirah/Umm Suqueim: The Jumeirah and Umm Suqueim are the advanced and premier establishments with out-of-this-world residential facilities for its elite clientele. Foreigners are not leveraged to own Dubai property in this region, but Jumierah/Umm Suqueim is pretty popular for rentals among immigrants and expatriates. The locale offers world-class services and excellent retail and dining facilities with immense views and cool breeze of the Arabian Gulf.
• Jumeirah Lakes Towers: Located adjacent to the popular and populace metropolis area of Dubai Marina, Jumeirah Lakes Towers are famous for artificial striking lakes around them. The high rise buildings are developed with a distinctive imaginative sense. The Jumeirah Lakes Towers offers excellent value for its local and expat residents. It is no dount the best Dubai property for rent.

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Glance at Best Real Estate Service providers in United Arab Emirates

At one side of the fence, we have people with ownership of property which they want to dispose off. On the other side, we have a bunch of people who are in search of a property to dwell. There must be some way these two groups of people are linked together so that both parties can have their purpose fulfilled. This role is performed by real estate companies who serves both such parties and in consideration of their services, obtain a certain amount named as commission. This amount of remuneration to estate agents is calculated by applying some agreed upon percentage to the amount finalized as the transaction cost i.e. the amount that the purchaser has agreed to pay to the seller in order to get the possession of the property transferred in their name.

Real Estate Companies in Dubai are flourishing since the business here is developing by leaps and bounds. Some of the companies that are famous and well recognized with strong positive goodwill capture the attraction of the customers. The companies are included in a list prepared by some rating agency in Dubai. They have prepared a list of top five companies in Dubai that are best real estate agents. They are not described in any order of preference. Axiom estate is one of these top five companies which aim for customer satisfaction. Then there is a company with the name 21 Century properties which have a strong customer base. Hamptons International is also well known and involved in striking major agreements of property transfers in Dubai. The next two companies to follow are Coldwell Banker and Halcon Real Estate LLC which always assist their customers in finding a home of their dream. All these companies are highly reputable and those who have had dealings with any of them hold immense respect and admiration.

Construction business and its significance in Dubai

Dubai is nowadays the centre of all the construction booms. Basically an emirate of the seven emirates of United Arab Emirates, it is nowadays really popular as a tourism and industrial development. A lot of malls, buildings, apartments, villas, skyscrapers and high towers are being created by a lot of companies of building construction in Dubai. These developments forecast the stability and growth of property and real estate business in Dubai. The business of building construction in Dubai is considered a heaven for the investors that are willing to double or even triple their investments in really less time. The reason for this growth and stability is due to the timely construction of buildings. A lot of the construction companies working in Dubai are famous all over the world due to their potential and ability to perform the work within deadlines with accuracy and completeness. These firms are also popular for constructing a building or structure efficiently that is using optimal amount of resources to establish the structure.

The reason of the time management and completion of projects within deadlines by these firms is due to their policy of hiring plentiful number of employees to work on the project. They get these labors at a very cheap rate by employing people from other countries where the labor rate is cheaper thereby allowing them to work effectively on the project without actually compromising with their profits. The specialists, architecture and engineers are hired from the same countries. These people are skilled enough to perform the task but are paid a lower sum of salaries.

The most important process in the construction of building is the sketching of the design and taking care of necessary details in the designing process as a building gets the required shape through the design which is a very important aspect of a building in Dubai. These false work designs are also available readymade in the market but the top construction companies do not use these designs and prefer to create their own design so as to make their building unique as compared to those of their competitors. These false work designs are based on the architectural design of the company. A lot of firms are available in the markets that have specialized in making of false work designs allowing this part of the process to be outsourced. All of the construction in Dubai is mostly focused on promoting tourism and business by attracting more people therefore the design of the building is the key part of the building construction process.

There are a lot of international firms present in Dubai that have created numerous structures that hold the titles in the world. Some of these firms also deal with the MENA construction. MENA stands for Middle East and North Africa. This term covers the region from Morocco to Iran and a lot of Middle East and North Africa countries are included in MENA. There are numerous MENA construction firms present that are of international standard and are responsible for creating projects that are famous all over the world.

The development in Africa and construction projects being developed

Africa is the 2^nd largest and 2^nd most populated continent of the world. The continent has Mediterranean Sea surrounding it at the north, has Suez Canal and Red Sea on the southeast, Indian Ocean on the southeast and Atlantic Ocean on the west of it. Madagascar is also included in this continent. The continent has around 54 states in total. It is considered to be the origin of human beings by the scientific community. It had an economic growth rate of 5% in 2010 and 5.5% in 2011.  It has varying climates as it is overlapped by the equator. Although consisting of plentiful natural resources, Africa still remains the poor and most undeveloped continent in the world. This is due to the reasons such as spread of diseases and viruses, poor planning, corrupt governments and low literacy rates.

Steps are being taken to improve the condition and economy of the Africa. Infrastructure development is being planned for it. European Union, USA and other NGOs are collecting funds and using those funds to ensure the proper availability of basic necessities like water, shelter, food and transportation to the people of Africa. The roads, telecommunication, railway lines, power and water conditions are being maintained and upgraded. Poor infrastructure is causing the productivity to become low thereby damaging the economy. To improve the economic conditions in Africa, the proper planning and development of infrastructure is necessary.

Due to this need, a lot of Construction Company is making their way to Africa. Steps are being made to encourage more construction company and contractors to work there as well as the existing construction company and contractors in Africa are experiencing a high business demand due to the development projects being introduced. These construction companies are structuring and building the complete infrastructure. New projects are being developed to get the economy and living conditions in Africa in such a condition that is acceptable for human living.

These projects include national digital network for water management. Funds are being collected from all over the world to finance this project.  A national training center for water treatment is also being developed. There is a power project namely Bujagali Hydro-power project being scheduled to be developed in Uganda which will provide as an efficient source of electricity thereby helping in overcoming power shortage problems. The Central African Economic and Monetary Community Trade Corridor Project is established to promote regional trade and provide cheap source of transportation to traders. ICT infrastructure in Nigeria is also being improved by expanding bandwidth and online access.

Due to all these developments and constructions, the property market in Africa is nowadays a heaven for investors there. Due to the increasing economic growth and improving life standards, the rentals have been increasing. Residential property has become expensive and it is expected that the prices will go up further. This expectation is the reason for the people to consider the investments in property in Africa a safe deposit that will earn return on their investment for sure. A lot of people are being advised by the advisors to invest in this safe heaven.