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Dubai Property / Dubai Property for Sale

Dubai Property for Sale

Since May 2002, when the Government of Dubai legalized foreign ownership of property, the real estate sector has seen monumental growth. This has paved the path for massive developments and mega projects to get underway, offering a choice full of healthy investment opportunities to interested individuals and developers. These opportunities have not gone unnoticed, and the market’s responsiveness has been dramatic and phenomenal to say the least. Dubai property is available for sale either directly from the developers or through the hundreds of real estate agencies that have sprung up across the Emirate. International real estate agents are now boasting the availability of Dubai property for sale.  

Several projects and developments already underway have been sold out in the primary market, fuelling price increases in the secondary re-sale market. Focus seems to be centered around The Burj Dubai, expected to be the tallest building in the world. With completion anticipated at the end of 2008, two of the six towers surrounding Burj Dubai, called The Residences, are already completely sold out.

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Boom in Dubai Property Investment

Until a few years back, buying freehold property in Dubai was not possible for foreign nationals. Property boom in Dubai only ensued after some considerable changes were made to the emirate's property laws.

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Surge in Leasing Charges for Dubai Property

The recent property boom in Dubai has sent rental charges rising upwards since the year 2002, at an average 37% increase according to The Dubai Municipality.

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