I love Dubai and think that it is a city of the future that link to the world business, leisure and real estate industry, companies all around the world are looking for a piece of the action toward Dubai. But is it at the moment is the right time to dabble into the Dubai property market?
Doing business in Dubai is really easy with minimal bureaucracy interruption and a just do it attitude that makes Dubai an attractive area for making business. The country wants foreign investment, they also try to increase its population as well. Economically and politically stability and low crime rates are also one of the features of Dubai.
International visitors feel secure as the heavily armed police and army is not found in Dubai. How can this state achieved such an oasis of tranquility is really unbelievable. The ruling Royal family are admired and spoken highly by the people of Dubai. It may be the lack of political interventions or political parties in Dubai that may indeed make this place harmony.
Dubai is now being well known as the business, leisure and sporting capital among the Middle East region. Overseas real estate purchasers and its millions of visitors each year are attracted to the liberal attitude and relaxed environment. Live is the feel of Dubai where almost all of the 1.5 million populations are in fact expatriates.
The normal temperature in Dubai is between 10-30 degrees Celsius and it can turn up to 48 degrees in July-August. The climate in Dubai is sub tropical, most of the time is hot and dry, and arid rain is seen during the winter months of December-March.
The properties were bought among the international investors from Russian, British, Indian and Pakistani investors. The French are now seeing the potential of this region and foreseeable to become one of the major investors in Dubai.
The Middle East and United Arab Emirates investors are amongst the earliest investors. Buying real estate and property in Dubai as an overseas buyer is quite simple and 
straightforward. Most of the real estate in Dubai is come together with off plan or pre construction. Typically as real estate and property developers launch a project there is flurry of activity amongst investors. Seasoned speculators have speculated about the bubble bursting in the Dubai real estate market.
Property oversupply has led to concerns by overseas investors. In 2010 the number of houses in Dubai is set to double from around 260,000 to 530,000. The commercial sector is also constructing and expanding at a rapid rate. The office space is set to triple, so who play the major role in buying all this real estate? Dubai Property Authorities are keen to explain how Dubai is a wonderful region to invest.
A government backed property developer, Nakheel, and its Chief Executive Chris O’Donnell said that people do get a little concerned about Dubai rapid development, thinking we are just building and hoping we will sell the building upon completion. But we sell building before starting construction. Everything you see at Palm Jumeirah has been sold”.
Dubai Properties Chief Executive Mohammed Binbrek: “We do not start another project until the units are sold, then we ask for a 70% deposit.” When asks if he thought the Dubai market would collapse with so much construction taking place, he replied ” Around 40% of the population, their age is under 20, it implies much more houses are needed. With so much construction planned undergo to make Dubai the city of the future, it is the best time to buy property in Dubai. But just don’t be too optimistic and overt.
