DUBAI OVERVIEW

There are certain risks when investing in real estate, but it is even tougher when purchasing international property because you will need to think about specific situation of the new market. Buying property in Europe is relatively easier because the markets are stable and mature. But if we look at UAE and specifically (Dubai) it is a Middle East country and it is quite different then Asia, Europe and United States. Even though it seems difficult still more and more people are coming to Dubai to buy a villa or even an apartment with specific benefits and advantages. Our goal is to explain why it is valuable to purchase property in Dubai and how you can do it.
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Dubai is not the capital of UAE, but it still gets a lot more tourists from the whole world than any other city of UAE. Probably you would know that Dubai is considered the home to the world highest building (Burj Khalifa) which draw a lot of people. Moreover, Dubai has famous neighborhoods like Palm Jumeirah, Bluewaters, Dubai Marina, JBR, La Mer or Nikki Beach. Also, if you explore the property prices in Dubai and other urban region all over the world, you will find that Dubai is more reasonable, for example the average cost per square meter in Dubai is 10,000 Dirhams, while in London its 70,000 Dirhams, in New York its 55,000 Dirhams, in Tokyo it’s 20,000 Dirhams and in Paris it’s 45,000 Dirhams. The return of investment for the properties which are in touristic zones is exceedingly high because of interest for rentals for both long and short term.