The thriving economy of Dubai which is growing leaps and bounds, the state-of-the-art infrastructure and top-notch standards of living that are the benchmark, have earned Dubai the name "Pearl of the Gulf".
Dubai is the most advanced emirates in UAE and epicenter of the lucrative architectural endeavors. Day- to- day new property projects are accomplished and undertaken. There are thousands of properties available in Dubai and the world's rich and famous are always eager to buy theproperty in Dubai. Some of the popular property projects in Dubai are Jumeirah Beach Residence, Business Bay, The Executive Towers, Vision Tower, Bay Avenue and The Villa. Dubai is labeled as the global hub for real state. Although the soaring prices can leave you gasping, but people are thronging to buy Dubai properties enjoy the taste of luxurious living.
Mortgages in the UAE
Arranging a UAE mortgage can be intimidating, whether you are looking at using a bank or a loan from a mortgage broker. Interest rates and buyer affordability can vary wildly from lender to lender, especially in Dubai where mortgage lending is still a very new option for those looking to purchase a home or development in the UAE. Generally each company uses their own individual criteria to judge the projects they endorse as well as the individual borrower.For those looking to take out a mortgage in the UAE, it is recommended that you are able to provide lenders with a copy of your passport, a salary certificate, 6 months of bank statements, a liability letter from your bank, sales deposit details, copies of receipts, a credit reference, proof of residency and if applicable, self employed accounts before approaching a lender for a mortgage. Search for a UAE mortgage from HSBC to begin your enquiries.
In the past three years, Dubai property markets have soared and rental prices have sky rocketed. World over investors are interested in Middle Eastern property. Glance around Dubai and you will see multi million dollar property development projects in Dubai. The iconic Palm islands, The Palm Jebel Ali are doing very well. Every single week new developments are announced and investors are interested in real estate sale in Dubai and villa development.
Some of the popular Dubai real property developers are Al Nakheel Properties, Damac Properties, Emaar Properties, Dubai Properties, Diamond Investments, ETA Star Properties, Bonyan Emirates, Saba Real Estate, who have reclaimed the vast deserts and built residential and leisure property. Some of the high-profile projects undertaken by hem are The Palm Golden Mile, Palm Trump International Hotel and Tower, Dubai Waterfront, The Gardens, Jumeirah Lake Towers, Discovery Gardens, World Trade Centre Residence, and the Dubai Business Bay.
Dubai real estate has plenty of scope to expand and investors can be hopeful to make plenty of money. High demand of villas, gardens, apartments, houses, for sale and rent for Dubai international property will always fair well.
Asians, British expatriates, Saudi Arabians, Iranians and Europeans have been purchasing properties in Dubai and with the ongoing steps to scrap property laws Dubai offers plenty of scope to eager buyers to buy property investments in Dubai.
Dubai Government have changed the focus of Development while earlier economy was based on the oil Exploration but now Dubai became the Business Hub. As Dubai became the Business Hub, the Rate of property has Grown so rapid speed and Dubai Property rates Touched the Sky. There are some Project in the Dubai which give a new Dimension of Dubai Developments. There are some Project which are recently comepleted.
Dubai Marin by Emaar (2012)
Jumeirah Lake Towers by Nakheel(2011)
Dubai Promenade by Nakheel(2011)
Jumeirah Garden City by Meraas(2013)
Culture Village by Dubai Properties(April, 2010)
Jumeirah Village by Nakheel(2009)
Jebel Ali village by Nakheel