Dubai

Sitting at the crossroads of Asia, Africa and Europe, is the seven independent states of United Arab Emirates, namely Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain and Fujairah.

Whilst Abu Dhabi is the capital city of the UAE, Dubai remains its commercial centre. Ideally located within only 6 hours of flying time from UK, served by several daily flights of various airlines and with a fast growing economy, Dubai and the other sister emirates are producing record-breaking projects, some close to being called “miracle on earth”!

According to latest figures, an estimated 25,000 foreigners are relocating to Dubai EACH MONTH! Amongst its current population of 1.6 million, 80% are foreign nationals. By 2010, it is estimated that Dubai’s population will be 2.2 million and by 2020 4 million. Add to this the high number of tourist visiting the ever changing resort of Dubai and what do you have – a larger need for accommodation, both, residential and commercial. Supply of property is not able to keep up with demand and shooting property prices are reflected in staggering capital appreciation. Do you feel it is too late to invest in Dubai and share the UAE property boom of late 90’s? Think again;

• UAE property market is still booming from its infancy, giving you a chance to still get on the boat.
• United Arab Emirates are rapidly establishing themselves as world class centres for business, tourism and sports with Dubai taking the lead.
• 365 days of warm sunshine
• The UAE is one of the world’s wealthiest countries, with a GDP of 378,761 Million Dirham in 2004, and has the third-largest proven oil reserves in the world
• Dubai is increasingly broadening its economic activity to include: real estate, tourism, trading and manufacturing
• Abu Dhabi will have a predicted housing shortage of about 20,000 by end 2008 ( source Middle East business resource AME)
• Low crime rate and safe environment. Voted world’s safest city for the 4th year in succession.
• Dubailand a huge development consists of 6 themed worlds,comprising of over 200 individual projects.Once completed, It will soon become the biggest, most varied leisure, entertainment & tourist attraction on the planet - 7 TIMES THE SIZE of Disney World in Florida.
• Dubailand expects to employ 300,000 and attract 200,000 visitors a day! Where are these people going to live?!
• Plans to build world’s largest airport (link to PDF) with twice the capacity of Heathrow. Bigger airport means bigger work force and larger number of visitor, all needing somewhere to live, work or spend a short
• UAE is fast becoming the preferred venue for major sports tournaments and events.
• World class hotels and conference venues
• Unique development of Bubble City, a city in the air and Hydropolis underwater Hotel in Dubai will be amongst the world’s first.
• Government produced 30 year plan to replace the oil economy with Tourism, Financial Services and Real Estate. The plan is on track to success
• Dubai is already the Middle East centre and hub for all trade, finance, land-sea-air logistics, property, leisure, entertainment, retail, IT, media, education and medical activities.
• Dubai is an open, welcoming & tolerant state with investor friendly business policies
• Due to desirability and strong economy, the population of Dubai is set to increase at record rates fuelling demand for property
• Foreigners are now allowed to buy Freehold properties in Dubai
• Rental yields between 7% to 14%, with commercial rentals increasing on monthly basis.
• No Stamp duty on property purchase – No Income Tax – No Capital Gains Tax

To help you find your answer and your right investment in Dubai and rest of UAE, Aurora International Properties have developed strategic partnerships with some of the world’s most respected names in the construction and real estate field. Included are DAMAC Properties, one of the largest master developers in the Middles East and one of the leading providers for waterfront properties. All of which have appreciated significantly in value. Check the projects on offer for further information.