Dubai Investment Property

First it was China, who became the center of attention by starting some of the most amazingly designed architectural project. Now it is Dubai’s turn to catch the world’s attention, with a vision to make it an ultimate destination for tourists from all over the world, backed by the power of petrodollar, Dubai is keen to achieve every landmark that exists in architectural world. Be it the tallest building, biggest shopping mall, largest hotel or biggest man-made islands. Every development going on in Dubai has a unique tag linked to it. Dubai is to architectures as Hollywood is to story tellers, giving the license to free your mind and come up with something out of this world. If you think this is an exaggeration, just have a look on some of the constructions going on in Dubai.

Palm Islands:

Palm Jumeirah, Palm Jebel Ali and Palm Deira, collectively known as “The Palm Islands” will be (when completed) the world’s largest man made islands.

Containing hotels, restaurants, shopping malls, apartments and commercial buildings, these islands will add 500km more of land to Dubai’s coastline.

Burj-ul-Arab:

Another landmark, this is the world tallest hotel till now (“Rose tower” is all set to take this distinctive position of being the world’s tallest hotel, once it is open, and guess where is it located? Yes, you got it right, it is also in Dubai). Apart from being the tallest, Burj-ul-Arab is a spectacular building, often used as an iconic image for Dubai and deservedly so.

Dubai Mall:

This shopping mall, projected to be completed in 2008 will be the biggest shopping mall in the world. Visitors will find the world’s largest gold souk, more than 1200 stores, a grand aquarium, top-notch Cineplex, Sega indoor theme park and much more.

The World:

A true master piece when it comes to the idea and its execution. “The world” is a set of 300 artificial islands, created in a way to look like the map of the world. For those who think that this is a far-fetched idea, the news is that more then 90% work of land reclamation has already been completed. If you want to invest in something really exclusive then “the world” is for you.

Arch Bridge:

An arch bridge, one mile long and 670 feet tall, the world’s tallest and longest arch bridge is scheduled to be completed in 2012. The thing that is most surprising about this project is its estimated budget, said to be of $817 million. That’s not a great deal for a bridge as large as this. A metro train service will also run through this bridge.

These are just few pickings, out of an array of truly magnificent developments going on in Dubai. There are many, many more on this list, once completed they will surely add to that old list of Seven Wonders of the World.

If you have bought a property in Dubai, then you will no longer need to pay rent to anyone, also you can get away from the 37% average rental hike this year. Anyway, you should take a further step and making yourself to become a Dubai landlord with Dubai freehold.

When you turn to be a landlord you are going into Dubai property investment business, not only a house owner. This going to be a big change for you, and demands a business-like approach, else you better keep your saving in the bank or going for a good holiday trip instead.

Being in Dubai property investment business is not for everyone, but buying rental properties in Dubai still increase everyday from a business view, provided that you are a long term investor for property and not short term property speculator.

For instant, you buy a two-bedroom apartment in Dubai Promenade area to let out, this going to cost you around Dhs650,000 and the gross rental would be about Dhs60,000, you need to less Dhs10,000 in service charge. So the net yield is 7.7%, it is enough to cover the mortgage if you bought the apartment by loan.

The advantage is that rents go higher year in and year out, so do capital values. If this year’s 30% rental increase was maintained, then in 2009 you would have Dhs82,000 in rent, and about 12% return on the buying price.

But there is also disadvantage. Rents could fall back depend on the world economy and supply of property in Dubai is keep increasing, this might send property tumbling if economy down.

Now purchasing property is a long-term investment, so what you have to be very careful about is that your financial status must be in good shape, in order not to wipe out entirely during the economy crisis.

Property moves in cycles, there are ups and downs year in and year out. So you can’t avoid some bad cycle periods during the time you own a property, but you do have to be ensures that you can survive throughout the bad cycle, thus you do not have to sell up at the worst time in order for you to live to enjoy the equally inevitable upside.

If you can find a good property in the strategic location, which offers a yield higher than the mortgage charge, then for sure over the long run you are stand at the winning side. Moreover, as rentals rise over time, you can pay you debt ahead by using the surplus income you gain from the rental, this will expedite your mortgage completion.

However, in more developed property markets this has become transparence, you can’t get much profit as yields have fallen to very low levels.

This is still feasible in Dubai when looking for property for sale in Dubai, though it might in the future which is another reason to buy now and not wait until house prices are increasing and rental yields much lower.

Here is almost the Complete List of Properties in Dubai. You may refer and look for your preferable properties before invest into them.

* Abu Hail
* Acacia Avenues
* AL Badaa
* Al Baraha
* Al Barsha
* Al Buteen
* Al Daghaya
* Al Furjan
* Al Garhoud
* Al Hamriya
* Al Hudaiba
* Al Jaddaf
* Al Jafiliya
* Al Kaheel
* Al Karama
* Al Khabisi
* Al Khawaneej
* Al Kifaf
* Al Manara
* Al Marqadh
* Al Meydan City
* Al Mina
* Al Mizhar
* Al Muraqqabat
* Al Murar
* Al Muteena
* Al Nahda
* Al Nasr
* Al Quoz
* Al Qusais
* Al Raffa
* Al Rashidiya
* Al Rigga
* Al Safa
* Al Satwa
* Al Souk
* Al Sufouh
* Al Tawar
* Al Warqaa
* Al Wasl
* Al Wuheida
* Arabian Ranches
* Ayal Nasir
* Bukadra
* Bur Dubai
* Business Bay
* City of Arabia
* Corniche Deira
* Culture Village
* Deira Dubai
* Discovery Gardens
* Downtown Dubai
* Downtown Jebel Ali
* Dubai BioTechnology And Research Park
* Dubai Festival City
* Dubai Industrial City
* Dubai International Academic City
* Dubai International Financial Centre
* Dubai Investment Park 1
* Dubai Investment Park 2
* Dubai Land
* Dubai Maritime City
* Dubai Pearl
* Dubai Promenade
* Dubai Silicon Oasis
* Dubai Sports City
* Dubai Waterfront
* Dubai World Central
* Emirates Hills
* Gold Souk
* Hor Al Anz
* International City
* International City Phase 3
* International Media Production Zone
* Jebel Ali Industrial Areas
* Jebel Ali Village
* Jumeirah
* Jumeirah Beach Residence
* Jumeirah Golf Estate
* Jumeirah Islands
* Jumeirah Lake Towers
* Jumeirah Park
* Jumeirah Village South
* Jumeirah Village Triangle
* Madina Badr
* Mankhool
* Marina
* Marsa Al Khor Business Park
* Mirdiff
* Muhaisanah
* Musallah Al Eid
* Mushrif Heights
* Mushrif Park
* Nadd Al Hamar
* Nadd Al Shiba
* Nadd Shamma
* Naif
* Other
* Oud Al Muteena
* Port Saeed
* Ras Al Khor
* Sheikh Zayed Road
* Spice Souk
* TECOM
* Textile City
* The Gardens
* The Greens
* The Lagoons
* The Lost City
* The Meadows
* The Old Town
* The Palm Deira
* The Palm Jabel Ali
* The Palm Jumeirah
* The Springs
* The Views
* The Villa
* The World
* Tijara Town
* Umm Hurair 1
* Umm Hurair 2
* Umm Ramool
* Umm Sheif
* Umm Suqeim
* Uptown MotorCity
* Wadi Al Mardi
* Warsan Estate
* Zaabel

Below are the list of popluar locations that located in Dubai. The locations that you shouldn’t miss when you travel or having vacation in Dubai:

Dubai Sports City
Dubai Waterfront
International City
International Media Production Zone
Jumeirah Beach Residence
Jumeirah Lake Towers
Jumeirah Village South
Marina
Sheikh Zayed Road
The Greens The Meadows
The Palm Jabel Ali
The Palm Jumeirah
The Springs
The Views
The World

I turn a few of technical drawings and graphic design for you to have a look.

You should view the drawing from the line starting in between level 155 and level 156. That’s about 584 meters, in which the concrete will turn into the center of stainless steel. And the core will remain hollow, to facilitate the transportation to reach the spire.

When the stainless steel center is build up to 681.7 meters, the transportation will then carry out by cable car. The crane which locate at 643.3 meters(yellow lines) will pull the hollow spire to the top.

Around the center of the floor will surrounded by around the center of the floor with the volume of cement will be in sharp boost after the tower crane will be completed.

Note again, the middle of the antenna jack is the way to the top, from the central hollow to the top position. The whole construction is really amazing.

Anyone who is interested of working in Dubai, here is a guide for you to step into the unknown and a look at all the entitlements Dubai offers for expatriate professionals.

Grab the Opportunity For Working in Dubai

Dubai in the UAE is one of the world fastest growing employment hotspots.  There are more than 20 new companies established themselves in the UAE free trade zones every week. Since 2002, more than 600 companies have registered in the Dubai Media City free trade zone, especially in the fields of IT, tourism, finance and media.

There are a number of job opportunities for qualified professional and if you are interested in working in Dubai, here is a guide to employment in this tax free, fastest growing zone in the world. Yes, Dubai is tax free if you live and work in the UAE, your income will be paid to you gross. Furthermore, if you purchase a house in Dubai, you will not ask to pay for property taxes since direct personal taxation is against the law in Dubai!

The UAE now has 15 free trade zones and about 7 more are come to the stage.  The free trade zones are where foreign businesses can establish themselves and grow without the restriction of corporate taxation for example and without having to submit to a local majority shareholding structure.

As a direct result of all the benefits offered to overseas businesses, the free trade zones has been incredible for foreign personnel are being created on a weekly basis.

Work Permit For Working in Dubai

To work in Dubai you must have a work permit and a recognize visa, Most of the employers arrange these for their expatriate work force when they hire them.  If you are plan to travel to Dubai to look for work you can enter the country on a temporary visa. After you get a job offer you can immediate apply for your work permit and visas.

The duration that you can remain in Dubai on a temporary visa depending on which country are you from. You should check with your local United Arab Emirate embassy on rules that you need to comply before you travel to Dubai. Most business in Dubai is done on a networking basis. Thus while you first arrive in Dubai it can be a little alien you will feel while you immediately get out there and begin to introduce yourself to people.

But don’t worry, you will used to it very soon.  What you need to do is to ensure that you have a pocketful of business cards to give to anyone whenever you leave your temporary house or hotel. Because trading in business cards is the first step to successful networking! Many businesses close for a few hours in the afternoon and no local people take appointments on a Friday. So, once you have settled into the fast pace of your social life you will start loving your new surroundings.

The quality of life attainable in Dubai for foreigner is quite possible if compare to other place. On creating a paradise for foreign workers who can work hard and also play hard, living an enjoyable life and experience everything in a day such as skiing on an indoor slope, diving, playing golf or desert camel riding.

In fact, 94% of the population in Dubai is made up by expatriates. Thus, you can almost guarantee that you will make up new friends very easily.  The surrounding in Dubai is really multi cultural. There are a number of social clubs and happening events specially arranged for people to hang out and make friends. All new residents in Dubai can easily found their brand new life truly enjoyable.

All the people in Dubai make a great effort to get along in Dubai since they are all in the same boat. They are living far away from their country home. But, almost of them make no complaint since they are enjoying in a country that offers top class employment opportunities and a tax free lifestyle. What else they are lacking of?