The fact that Property Developers in Dubai
is inexpensive on an international basis is the key reason why it is advisable to invest in Dubai real estate properties. An typical villa in Dubai currently costs about $1,000 per square metre, which is very poor as opposed to a villa in London Docklands, which costs $5,000 per square metre. As you can see from the table, there are only a few modern cities in the world where top-quality real estate is available at such a low cost. One of these cities is Dubai.
Real estate business on a global scale
According to real estate analysts, officials in Dubai are working around the clock to establish an international property market from the ground up, with foreign ownership of freehold property already being permitted last year. To put it another way, the customers are offered an absolutely fantastic bargain to encourage them to be pioneers.
a lack of supplies
Another good argument to invest in Dubai real estate is the fact that the Dubai government is trying hard to avert a supply crisis and is able to sell property to developers as a financial opportunity. It's worth remembering that what seems to be a strong supply in Dubai now could be nothing compared to demand in two or three years. After all, Dubai's GDP is rising at a staggering pace of 7-8 percent each year, with no signs of this trend slowing down.
lowering construction costs
Increasing construction costs, without a doubt, have a significant impact on property values. It's important to note that the low US dollar is driving up the cost of goods from Europe, which is driving up oil costs. As you might know, Dubai is a city where a significant portion of the population enjoys high tax-free incomes and is more than able to accept higher housing prices. Overall, Dubai Developers
, a city with a 20-year track record of solid economic growth, will continue to draw international and regional inward investment in the coming years.