Dubai has been popular for its astonishing architectural developments and remarkable designs. It would not be wrong to suggest that Dubai has become international hotspot for residential property. The increasing demand for real estate has become intense. The result would be property prices increasing significantly during the past couple of years. Consequently, real estate investors from different parts of the world have been searching for opportunities to invest in Dubai Homes.
Reason for sudden surge in Dubai property market
In case, you were wondering on the reason behind sudden surge in real estate investment market in Dubai, you should be rest assured that freehold ownership of land by foreigner has been the major reason for property appreciation. The property laws in Dubai hold a lenient view of any foreigner holding property in Dubai. The laws allow foreign property owners to sell or rent out property as and when they deem fit. In addition, laws are further relaxed for property owners in a certain designated areas in Dubai. The laws offer three-year renewable residence visa for property owner.
Major investments made by multinational companies
Yet another reason for real estate market in Dubai to bloom would be major investments made by several multinational companies in the region. The fact that several of these companies have start to run their operations from Dubai-based offices, it has created ample of job opportunities in Dubai region. It has resulted in enhanced population in and around the Dubai region. The increased population resulted in increased demand for property in the region. It would comprise both rented and owned property. Moreover, property laws in Dubai have been relatively simple and do not require extensive paperwork.
Finding suitable home in Dubai
In case, you were contemplating on buying a home in Dubai, you should look forward to dealing with property portals. The real estate portal would cater to your respective kind of property needs falling well within your budget. The internet property portal would cater to your specific residential property finding needs in a convenient manner. You would be able to find desired villa, home, apartment and fashion house suitable to your budget with a couple of clicks on the mouse.