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Dubai is renowned worldwide for its consistent economic growth, infrastructure development and political stability. The Emirate capitalizes on its strategic location at the crossroads of Europe, Asia and Africa; the nerve-center of one of the world’s richest regions.
Dubai’s GDP growth of over 8% is amongst the highest in the world. It thrives on a diversified economy with oil contributing to only around 10% of its GDP. Tourism and knowledge based industries contribute significantly to its exponential economic growth.
Dubai offers an excellent business-conducive environment that is free from taxes and foreign exchange controls. This, coupled with the number of visionary projects that Dubai has planned for the future or is already executing, has made it a promising ‘land of investment’.
The investor-friendly Emirate has created a strong foreign investment law encourage and facilitate foreign investment. It not only protects the rights and property of foreign investors but also attracts intelligent and productive ideas in the form of business and infrastructure growth by foreign entities, contributing to its rapid national development.
Dubai’s property market has matured and developed into a strong investment sector for expatriates. The market is now in full capability to cater to the ever increasing housing demands for immigrants in Dubai. It also offers a great investment opportunity for foreign investors.
Many nationalized banks and financial firms in Dubai offer mortgage facilities to investors worldwide to assist them in buying property in Dubai. The financial solutions vary from bank to bank, while the increasing demand has made them hassle-free and extremely competitive; for the benefit of the investor.
The price of property in Dubai is relatively lower than that of in other developed countries with standards that set international benchmarks. If compared with the price of properties in any well developed cities in UK or the USA, the property prices in Dubai are about four times lower.
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