From the pearl diving community to one of the most dynamic and fast growing cities in the world, Dubai has many opportunities to profit from real estate investment. Part of this bright task is the fact that Dubai has no income tax. Other reasons include it being safe and politically stable. Dubai has better healthcare facilities and better education system. The infrastructure is modern, the weather is perfect, and leisure activities abound. Don't forget: Salaries are tax-free for the benefit of the more than 2 million people who live there.
With all these favorable living conditions every day, more and more people are attracted to living here. Additionally, there are unlimited job opportunities, so real estate is a safe and growing portfolio investment. Just recently a seven-star hotel was built and supermarkets arrived with the usual merchandise from the most luxurious retailers and every day new people came in and worked. This requires more homes and apartments, so real estate continues to be a promising growing investment.
The world's leading corporation has invested billions of dollars in Dubai real estate. Lovely apartment and villas are eagerly sought after by newcomers. Real estate law is simple in Dubai: You can sell your property whenever you want and outsiders can own property in Dubai. As property owners, they are granted a three-year renewal visa to live in the country. These arrangements make ownership in Dubai simple and uninterrupted.
Far from where to live in Dubai, almost every area is safe, clean and full of shops where you can buy everything you need, from groceries to clothing.
Dubai Marina is the area to look for real estate and for good reason. This is a beautiful area where one can find luxury villas and apartments away from the best dining, shopping and entertainment places Dubai has to offer.
The residential area on Jomora Island (JJ) really needs to be considered. It has steps, filled with places to hang out and shop in front of a beautiful beach and of course Bluewater Island.
Downtown Dubai is one of the most sought after properties in Dubai. It can be described as the heart of the city, bustling with activity, and it's a landmark for places such as Burj Khalifa, the world's tallest building and Dubai Mall's largest shopping mall. A world where one can find 1,200 stores.
The area of Albaasa has one drawback: power lines everywhere. Besides, local shopping is good and safety is best.
Saudi Arabia development is far from the city so you avoid traffic and construction. It's safe and secure and a great community to raise children. It is close to a good golf course and polo club. However, you are away from the city and have to travel everywhere.
At Em Sum Sukim, you will find both old and new settlements ranging from just a few short runs to great monuments. Renting is very decent but it's not cheap. However, the area is close to the beach and the Burj al Arab Hotel. You can shop for everything from antiques to spices and fresh fish. The location is great, with beach access and a splendid hotel with all the facilities available to you. You are close to schools and medical facilities. However, traffic can be congested with vehicles heading toward the beach.
L'Safa and Al Wasi areas have large green parks surrounded by villas and family homes. These are great places to live with family, however you have to drive everywhere for everything, not too far.
If you do not want to pay the highest price for your residence, take a look at Jumeirah, one of the most exclusive and desirable areas of Dubai. Most of these houses are low-end villas ranging from luxury to grandeur. This address runs along the beach and it has beautiful views of the ocean.