The off-plan real estate market of Dubai

The real estate boom in Dubai is playing a contributing factor in revenue generating, and with the current pace of buying, the land for sale in Dubai is expected to go scarce in the near future. Currently due to the introduction of freehold status in the city, the investors from all over the world are flooding to Dubai in order to make real estate investment, the reason for this din is the high returns on the investment and the act of government to levies no tax. The worldwide financial crisis of the past decade had not affected the Dubai at all, hence Dubai turned to be the first choice of the investors from all over the world. The multinational companies decided to open their Dubai offices because Dubai posted many advantages such as tax free real estate, very little import export duty on the product.

The one other major advantage Dubai has for the multinational companies is that they can open their virtual office in Dubai without buying any work space, you can see that in Dubai and Abu Dhabi there are companies working without any real office in the country. UAE has the fastest flourishing economy of the world and it has many opportunities for the beginners, you just have to be on the right place on the right time and success will come for you with little hard work and determination. But you are needed to be aware of that the country has very strict laws regarding all the aspects of human life and wrongdoer will have no relaxation, corruption and frauds are not tolerated at any level. If you have made a decision to enter the Dubai arena then you must consult the legal authorities of the country to understand the legal matters and issues of setting up a new business. For big international companies there is one legal requirement for setting up their office in Dubai, the organization must give the 13% share of the company to any local partner, this law is known as LLC (Limited Liability Company). Here I would like to mention that both the partners can buy the shares of their company after the LLC agreement.

According to Dubai property agents, the off-plan real estate market of Dubai has been showing upward trend. And unlike in the past when the investors aim to gain significant quick high returns by flipping property process, that is quickly buying and selling of property, now they are returning to old school real estate business that is they are waiting for project completion where quality and giving keys is important. This is an amazing opportunity for the long term investors as the property prices are ever low and opportunity of making an excellent bargain is ever high, owners which are keeping their property have to pay development money to the developers. The 17% increment in scheduled sedating money for the rare projects is obviously an excellent bargain for agencies.