What you should explore in Dubai

Not so long ago, Dubai was only known to most tourists as a stopover on their way to holiday destinations further east. Today it is one of the world’s most fascinating, most sophisticated, most sought-after resorts in its own right. With good reason where else can you spend a vacation that combines sand dunes and Middle East culture with stunning high rise hotels overlooking pristine beaches and the warm turquoise waters of the Arabian Gulf (also known as the Persian Gulf).

Dubai is the ultimate stopover city. Roughly equidistant from Britain and most major Asian destinations (and many in Africa), it is the Middle East's major stopping-off point for long-haul flights east. An increasing number of airlines and tour operators now include a stay in the city in packages to Far Eastern and Indian Ocean destinations. Dubai and the UAE's future is focused upon creating a business and tourism environment second to none which canters around incoming foreign investment mostly in Dubai property from commercial institutions and individual investors. Because of this Dubai property market is like no other in the World, with a range of properties & facilities second to none.

There are two sides of Dubai to explore - accommodation in Dubai, gourmet treats and luxury shopping; and the earthier old Dubai of wind towers, mosques and souqs.

You should visit in Dubai the following places:

·          

The magnificent mosque at Jumeirah,

·          ‘Nad al Sheba’ where the Dubai Race & Golf Club is situated, the venue for the richest horse race in the world,

·         Sheikh Zayed Road, passing by the new commercial area of Dubai where modern skyscrapers tower alongside the 8 lane highway,

·         The amazing architecture of Dubai marina apartments.

·         The fascinating underground Dubai Museum, Set in a historical fort, the Dubai Museum offers a snapshot of the social history of the Emirate, as well as other parts of the UAE. The centerpiece is a reconstructed souk from Dubai's pearling days, complete with authentic sights and sounds. There is also, understandably, a major focus on the speed of the area's transition from poor pearling village to modern metropolis.

·         Creekside Park - This oasis of palm-shaded green stretches from Al-Garhoud Bridge towards Al-Maktoum Bridge, making for a heavenly escape from the heat and humidity of Dubai's streets. There are children's playgrounds - as well as the outstanding Children's City - kiosks, eateries, a cable car, an amphitheatre and beaches (though swimming in the Creek is not recommended).

Dubai not only offers you lots of entertainment but it also offer you a vast range of properties in Dubai to make some profitable investment in Dubai.

Considerations for Buying Property in Dubai

Overseas investors have been permitted to buy property in Dubai from nominated residential developments since 2002. A number of real estate projects are already available and others are on track.

Dubai has experienced remarkable economic growth in the past two decades. Investment by foreign companies has been encouraged by a free trade zone philosophy and the creation of flexible industry specific operational centers such as the Internet and Media Cities. Dubai's GDP on average increases by 7-8% a year.

Important Considerations for Buying Dubai Property

The property market like any other market is driven and underpinned by the realities of supply and demand. The residential property market in Dubai is not exempt from these realities and 'indeed', why Dubai is so successful in all sorts of different areas, is that it fully understands and exploits the supply/ demand dynamic.

1) Can u afford it?

Buying properties in Dubai is just like any other investment and can fluctuate according to overall market. How long you are going to hold the property will determine whether you can be sure it will make money or not.

2) Choose a real estate agent

Sorry to say it but, yes, there are some fly-by-night companies out there who’ll take your money and run. Check credentials, check that the company’s registered at the Lands Department or Dubai Real Estate Regulatory Authority (RERA), check that the real estate agent has an escrow account, and then check the developer’s track record. Are past buildings of good building quality? Are communal areas nicely maintained? Are residents happy?

3) Find out about any hidden extras

Service charges, which cover maintenance of communal areas such as pools and gyms, landscaping, window-cleaning in apartments and son on, vary massively. Find out how much it is per square foot; whether it’s gone up in recent years; whether or not it’s currently being subsidized by the developer.

Find out what the government housing fee would be on your property. Ask residents, via on online forums if you don’t know anyone, what the average water and electricity (DEWA) bill for a similar property would be.

Here are some of the essential considerations for buying any Dubai rental, apartment villas or any other property for some investment in Dubai.

What Are Mega Real Estate Projects In Dubai?

When you think of Dubai today you will often think of one of the many Mega Dubai real estate Projects such as Burj Dubai, Dubailand or the Palm Islands. Other mega projects under construction are corporate Bay and Metro Dubai. Burj Dubai, worth Dubai Tower, will most likely become the world's tallest building with an estimated height of around 818 m (2,684 ft).  On September 24, 2007 the Dubai Tower became the world's tallest free-standing edifice with it's 555.3 m (1,822 ft) surpassing the CN Tower in Toronto, Canada. The tallest building in the world will become the centre piece of new Downtown Dubai which also includes: BurjDubai Lake hotel, Dubai Mall, BurjDubai Old city, Burj Residences E, Burj Residences T, Burj Residences W, The Lofts, South pucker, Burj Views and boulevard march.

In imposing 2008 the Tower of Dubai is another great example of Dubai real estate that set a new chronicle height of 2,257 feet and has more than 160 stories. With the outside almost elegant employees have ongoing on the interior. Up plow now the finishing height is still a secret. Taiwan's Taipei 101 with a height of 1,667 feet and asset the chronicle while 2004 was surpassed in the June 2008.

Dubai Land:-

Dubai land, the leading theme park in the world, will have 45 mega projects and 200 sub projects when elegant in 2018. Already operational are Dubai Autodrome, The total Village and the Al Sahra Desert choice. This theme park is in amount twice as big as Disneyland and the Disneyworld resorts put together. It consists of 2 outlines, the Red Line and the Green Line. In compute the Metro have a compute of 70 kilometers (43.5 miles) of outline, and 42 stations. The Red Line runs for 50 kilometer (31 miles) with 35 stations from Jebel Ali docks, the American University in Dubai, through the city centre, and to the Airport limitless Zone. The Green Line consists of 20 kilometers (12.4 miles) with 22 stations from Festival City, through the city centre, Dubai International Airport Terminals 1 and 3, and to Rashidiya.

Dubai Waterfront:-

The Dubai Waterfront is a conglomeration of canals and artificial islands forming an arc around the Palm Jebel Ali. The First stage of Dubai Waterfront is Madinat Al Arab the downtown centre of the development with the Al Burj one of the world's tallest skyscrapers. This mega real estate project offers you multiple options of accommodation in Dubai for your memorable vacation in Dubai.

Hydropolis:-

Dubai Underwater hotel, Hydropolis, the first underwater hotel in the world, is one of Dubai's mega projects in the making. The 220 suits are at a gravity of 20 meters and payments a night expenses $5,500. The compute investment for the mission was $500-million.Constructed from a combination of solid, steel and exonerates Plexiglas.

Here are some of the examples of properties in Dubai available for real estate lovers. Just make some little research to find out about which option is suitable for real estate investment in Dubai.

Dubai City: Where, What, When?

If you are visiting Dubai only for a few days or during a transit, it is important to make the most of it. Dubai is a city where there is literally loads and loads to do. No matter what time of the year it is, Dubai is a city where sun never forgets to shine. On the other hand, this city is also become a favorite place for real estate lovers. This city offers you multiple opportunities and options to buy property in Dubai. This post will help you figure things out during your short stay in the city.

Dubai is a city where you’d never run out of things to do. It is an amazing city that is packed with numerous skyscrapers, beautiful hotels and worth-seeing palaces. Within one short trip, you will be able to see Jumeirah beach, Burj Al Arab (the seven star hotel), Golf Club, Camel Race Track and Sheikh’s Palace. Other than that you can visit amazing architecture of Deira Towers, Dubai Creek, Dubai Museum and the glittering gold souk. You can ask a travelling agent or your tour guide to arrange a short trip for you to all of these important and famous places of Dubai.

The best and the shortest possible option to see the entire Dubai is through a helicopter ride. You can have a bird’s eye view of Dubai city and all the magnificent landmarks that look absolutely breathtaking from atop. You can take as many as four people with you during this adventurous trip.

There are countless dining options in Dubai that can tantalize anyone’s taste buds. The city gives you a chance to try a handful of self-styled gourmets. You can choose from Arabic, Asian, Chinese, Japanese, Thai and European cuisines. You may get a chance to eat food cooked by the world famous chefs. You may choose to go to the Al Muntaha restaurant located on the 27th floor of Burj Al Arab to enjoy the wonderful meal with a view of Palm Islands.

The best time to visit Dubai is from November to April. That’s when the temperature is between 70s and 80s, which is pretty much endurable even if you are outdoors. The rest of the year, temperature is high. During the summers especially, the desert heat can be too much to take even for the natives.

If we need to describe Dubai accommodation in just a word, it has to be spectacular. However, the biggest issue that one can face during a short stay is picking an affordable Dubai rental to stay. Most of the hotels in Dubai are quite expensive especially if you plan on booking room for the whole of your family.

Therefore, the best option is to make the most of the current real estate crisis that has engulfed the prices of apartments in Dubai, and to live in short stay apartments. These rental apartments are available at nominal rates and for as many days as you want. You can contact a real estate agent before flying to Dubai to arrange accommodation in Dubai for your comfortable stay. All they provide you with is shelter – the rest, you have to take care of yourself.

Laws and Regulation About UAE Real Estate

The UAE experienced a tremendous building boom up till 2008 when the financial crisis hit. During that period, foreigners wanting to invest in the UAE were plenty. Today, post financial crisis as the market here is recovering, that appetite to buy new property and lease better property is once again on the rise.

UAE and GCC nationals can own property in the UAE. As a foreigner in the UAE, owning and / or leasing property needs to comply with laws and regulations that change from time to time. That said, in Dubai and the UAE, property law is young and is still taking shape.

In the UAE, each Emirate has developed its own laws. For example, to the best of my knowledge, in Fujairah, foreigners cannot buy property. However in Dubai, foreign ownership of freehold real property is permitted. There are "free-zones" within each Emirate designated for specific use. Each zone is a tax-free jurisdiction and has its own rules and regulations. A company established in a free zone can be 100 per cent owned by foreign nationals and may own freehold interests in real property within that zone.

Choosing the right real estate in Dubai agent is crucial to getting the right information, price and ultimate deal. A bit of your own research on what is out there, and what you are willing to spend over how long would also be beneficial.

You don't have to be in Dubai to buy property in Dubai ; it is possible for you to give Power of Attorney to a person to handle all the aspects of the purchase on their behalf but it is advisable that they check all the documentation and ensure that everything is clear before signing the deal.

Legalities regarding freehold ownership by non-UAE nationals and non-GCC nationals are ambiguous, as are the practices and procedures for issuing residence visas to expatriate buyers and their families. Some local banks offer mortgage finance to expatriates wanting to buy property in the UAE. It seems that finance can be arranged through overseas banks if you have assets overseas.

It's in the UAE's interest to allow buyers to own property and therefore there I have read about two new real estate laws that will improve protection for buyers, investors and landlords - and they are as follows: A buyer can request the courts to cancel a contract if the developer 'significantly changes' the agreed specifications, or refuses to deliver the unit without a good reason. Buyers can also seek legal action if developers do not bind payments to approved construction based milestones or the unit is proved unstable due to major structural defects.

The regulations also stop developers from selling off plan units before taking possession, which includes actual control of the land. Leasing Properties in Dubai is most common in the UAE. Contracts normally last a year during which the landlords are not permitted to increase the rent, until its time for renewal.

Landlords of leased apartments are normally required to handle the annual maintenance of their property and they are not permitted to evict a tenant without just cause within the tenancy contract time period. All-in-all, the UAE is a great place to live and buy property. However, careful research into laws and regulations in a timely manner is a must.