Dubai Property Investment For Sale | Guides, Economy and Dubai Hotspots
"Home to some of the modern world’s most spectacular and flamboyant buildings and developments."
Only 50 years ago Dubai was just a tiny part of the group of states that make up the UAE (United Arab Emirates), who’s small population lived of fishing and trading, many living in small desert based nomadic settlements. However that has all changed. In a few short years Dubai has seen the fastest development of any country in the world over and now is home to some of the worlds best 5 star hotels and tax free shopping malls.
A popular tourist destination, Dubai is also the central financial, transport and logistics hub for the whole of the oil rich United Arab Emirates and is a booming centre for property development and real estate investment. With tourist numbers climbing year on year and the population still continuing to grow, Dubai is seen as one the most western and relaxed of the strongly Muslim Arabic states.
Dubai has a large foreign population, excellent schools, low crime rate and there is no income tax. As a year round destination for those seeking the sun, Dubai is also it home to The City of Gold - a huge gold Souk.
Since 2006 it has been legal for foreigners to own freehold property here and as a result Dubai witnessed one of the biggest property investments scrambles in world history with astronomical rises in value. When the bubble burst in 2009 many thought the market would not recover for some time but the Dubai market should never be under estimated and has recovered well with good growth and rental returns.