Dubai Property market is probably one of the fastest growing property markets in the world, and has been for the past 2-3 years. Real Estate agents and agencies in Dubai are exploding all across and developments are emerging out of the desert at a pace that puts most cities to shame. Property prices as well have been attractive for investors over this growth period with many people experiencing returns up to 100% in a matter of two to three years. Dubai’s new property laws, introduced in early 2006, have put more stability into the property market by building confidence in property investors.
Dubai’s real estate market, however, isn’t for the novice investor. One of the most important factors to consider when thinking about buying Dubai Property is the developer’s reputation. Dubai’s property boom has left room for first time developers to attract investors with flashy pictures and 3D models of projects, but without any genuine experience in property development. Resultant is the structural faults that are frequently found by new home owners as they move into their new properties. As for real estate rental, the demand for rental properties in Dubai is so high that landlords can rent anything for near record prices as consumers have no alternatives. Hopefully the new Dubai Property Law will ease this in the future.
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