Property Investment Overseas – Buying in the Dubai Boom!

Property Investment Overseas – Buying in the Dubai Boom!

In the past, buying property in Dubai was not available to anyone outside the country. Foreign Nationals could not purchase, and the boom in Dubai property investment only developed after a vast amount of changes in the emirate’s property law. In today’s market, the Dubai property investment sector is seeing huge demand from overseas property investors and this rapid upward trend is expected to grow even further.

The huge growth in population of Dubai over the past few years, has given a sharp and growing increase in the number of foreign investors purchasing buy-to-let properties for long term growth. Both experienced and first time investors around the world are seeing Dubai as a ‘property investment paradise’, with long term capital growth potential.

Investment in Dubai property is very lucrative, as the immense development of Dubai continues to grow to meet demand of the population increase. Huge infrastructures are being built across Dubai, which shows the increasing need for space for the country’s multiplying population. The boom in Dubai property investment doesn’t seem to be slowing down in foreseeable future, and these upward trends in buy-to-let make investing in Dubai property more or less risk free for foreign investors.

Dubai is also rapidly becoming a tourist hotspot, with plans for huge entertainment and recreation projects already underway which have drawn a lot of attention from investors across the globe. This international interest means an even stronger property market in Dubai and the potential returns will continue to shoot up. Experts predict that the population of Dubai will have increased 50%+ by 2012. This will make Dubai one of the world’s hottest destinations for residents and tourists alike and this makes investing in property have exceptional potential returns for property investors.

To the benefit of investors the demand for Dubai property by far outstrips the supply. This demand/supply problem makes Dubai property investment an extremely attractive prospect for the foreign investors. As the experts of Dubai property forecast, the market is very lucrative for the investors who already have bought property in Dubai. The cost to rent in Dubai is very high and is set to rise higher. If you have already secured property in Dubai, you’re likely to be reaping profits.

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