Dubailand Information
Destined to become the world's largest theme park, Dubailand is the prime location for you to choose when you want to purchase investment property. This is a city of tourism that is just starting to develop mega projects designed to open the area to the rest of the world. You can get in on the ground floor of a moneymaking investment with the purchase of property in Dubai.
The city of Dubailand is divided into 6 main zones:
- Attractions and Experience
- Retail and Entertainment
- Leisure and Vacation
- ECO Tourism
- Sports and Outdoor Entertainment
- Downtown
The crown prince has created a plan to foster foreign investment in the city in the purchase of holiday and retirement homes. Since this project is in the beginning stages, you can have your property designed and built to your specifications.
Dubailand is strategically located at the entrance of the Strait of Hormuz and the Persian Gulf. There are no civil conflicts in this region and the economy is stable and increasing each year. At one time, it was a trading post of the region, but today it is a bustling city that is attracting the attention of the world as the ultimate vacation destination. Although Arabic is the official language, the vast majority of the people speak English. It is the language of commerce and all taxi drivers, retail and hotel staff speak the language.
The climate of Dubailand is perfect for a holiday destination where you have your own home. For most of the year, from October to June, the temperatures are warm and comfortable. They can get down to lows of 10° C. during the winter and reach highs of 48° C during part of the summer. There is minimal rainfall as it only rains a few times during the winter and even then the average annual rainfall is only about 13 cm per year.
What a fantastic location to enjoy a respite from the cold UK weather?
Dubai is one of the richest emirates in the world, so you know that the standard of living is quite high. Since the emirate opened up its real estate to foreign buyers, there has been an explosion in the real estate market. In most cases, purchasing investment property here provides you United Arab Emirate residency status allowing you to come and go as you please. The international airport has links with all the major airports in the UK, so you won't have any difficulty with making travel arrangements.
Rental prices are high in Dubailand, but the cost of buying property is relatively low in comparison. This opens up the potential of seeing a high return on your investment when you do rent your property, either to permanent residents or to tourists who just want a holiday rental. There is zero tax and no income tax in this country. Along with the changes to the property laws, it is now possible for UK residents to own freehold property in selected developments in Dubailand.
The resale market of property has been rising steadily. In some cases investors have realized a 100% increase in the value of the property. This fact makes Dubailand a very attractive place to consider when you want to own property overseas, whether you want to live there yourself for part of the year or make money by having it as a rental property.
Some of the benefits of buying a home or apartment in Dubailand include the weather, of course, and the fact that this is one of the safest cities in the world. With low inflation, low cost of living and a stable currency, you could be on the edge of a tremendous real estate market.
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