Dubai Investment Property

Dubai Maritime City

Described as the world’s first purpose built maritime center, Dubai Maritime City is a state of the art development zone, designed to act as a regional hub for the maritime business in Dubai. A genuinely mixed use development, Dubai Maritime City will also offer a range of luxury residential and commercial opportunities ensuring that the area becomes a focal point for the near 5,000 regional maritime companies working in Dubai. As well as the residential, industrial and commercial areas, the development will also include a large maritime research academy, designed to offer the companies in the regional access to the very latest developments and technology within the marine industry.

The development itself will be strategically located between the Dubai Dry Docks and the Port Rashid development. Covering over two square kilometers, Dubai Maritime City will offer its residents spectacular views over the clear blue waters of the Arabian Gulf. Connected to the mainland by a causeway, it only seems fitting that the worlds leading marine development will be built on land which has been reclaimed from the waters of the Gulf. A genuine superstructure in engineering terms, it is estimated that the Dubai Maritime City will consist of over 30 million cubic meters of dredged sand and over 2.5 million cubic meters of rock on its completion.

As with many of the free zone development areas in Dubai, Maritime City is designed to create a regional hub of sector specific companies. Within the development, there will be a focus on six major sectors within the maritime industry: marine services, marine management, product marketing, marine research and education, recreation and ship design and manufacturing. The only facility of its kind in the world, Dubai Maritime City seems set to become a global ‘center of excellence’ for the maritime industry.

Residential Property in Dubai Maritime City

As well as the focus on the marine industry, there will be a wide range of residential property in Dubai Maritime City. Already developers have started to announce major projects such as the Iris Mist and the recently launched Admiral Bay within the Harbour Residences area of the development. True flagship residential projects, the property in Maritime City is made up of predominantly high-end luxury apartments which offer stunning views over the Arabian Gulf.

With innovative and unique projects such as the Dubai Maritime City Campus and the Maritime Centre already launched, it is highly likely that more exciting projects will be announced in the development over the coming months. With demand for commercial and residential property in Dubai reaching an all time high, it is likely that the property in Dubai Maritime City will be in high demand.

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Lately the private constructors and developers in Dubai have proclaimed in which building low-cost homes had not been their primary concern. This is due to the high land rates imposed in the region that obstructed these constructors and developers to getting up the assignments of low-cost housing. In accordance with the New Dubai Properties chairman, Ahmad Al Abdullah, claimed that they have built twenty two housing projects that value for more than billion throughout the emirate, but increased land rates have pushed constructors and developers to go for the projects that engaged constructing high-class apartments, commercial workplaces, villas and hotels. This because such investment normal will have a higher returns on their investment as opposed to just what the low-cost housing projects can offer them. As of today, it been definitely lack of 3 and 4 star hotels in Dubai since a lot of construction and development companies are making the effort to not building such hotels since nobody would want to get the low return on the money that they invest in such projects.

More Lost-Cost Housing in Dubai Are Needed

Based on numerous reports, forty percents of the value of the construction project is generally needed for acquiring lands even though the other gets into venture development programs. As a result, Dubai low-cost housing can seldom get rewarding with current situation taking place. As of today, you can find just about 4 apartment blocks being built besides the 12 commercial towers and other 6 hotels in Dubai in which has been built by the New Dubai Properties. The government of Dubai been failed miserably in lowering the land rates up to now, hence triggering rising cost of living in the emirate. This as well being make an impact on the property market especially those Dubai hotels in an unfavorable manner. There is absolutely no shortage of the luxurious hotels in Dubai in most cases, but still there are a lot of local and foreign developers who are keen in constructing even more new 5 star hotels in there.

The high prices of Dubai property and real estate is the main reason why a lot of native as well as expatriates been choosing to stay at Sharjah and commit as much as 3 hours going right down to and up from Dubai every day. Even the hotels in Dubai and also the fully furnished apartments seem to be actually the ideal location for CEOs, managers and travelers to live on, however there are lots of people really can not afford to stay in Dubai hotels or apartments. The efforts and encouragements of governmental for building more low-cost housing have always come in vain since no developers are interested on it. The trend of building the tallest, biggest and the innovative constructions has resulted in the rapid increase of living cost in Dubai drastically. Even it can be an good sign showing that there are a flourish period in the sector of tourism, but still there are a lot of people tend to think in any other way. The desire of living in thrift and send money back home has caused a lot of expatriates tend not to purchase any property, therefore these expatriates need to shift to other places and facing massive difficulties.

Government Need to Take Serious Action on Solving Low-Cost Housing in Dubai

The government of Dubai will need to determine a way of balancing the level between low-cost housing and luxurious property projects. A portion of the land is urgently needed to stipulated as low rates land and to give away to developers to build the houses that are affordable. This is very urgent and need to carry out as soon as possible due to the fact that a considerable expatriate workforce continues to enter Dubai every day. The heavy shortage of low-cost housing can create a fear and can as well slow down the overall economy growth in emirate. As now there are a lot of expatriates been found that it is rather hard for them to be afforded to purchase any housing or property. A few of the developers have already shifted off to other locations inside the Unite Arab Emirates by having an objective of constructing low-cost housing over there. It really is a prospective of having a deep impact on the economy of Dubai if the authority didn’t take this matter seriously.

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The tangible and physical island of Palm Jumeirah was built in accordance to the Palm by one of Dubai famous developers Nakheel in 2003. It is entirely built now and is includes with high class apartments, villas, and hotels. Fundamentally, the Palm features a trunk (houses), fronds (luxury garden and signature villas) together with a crescent (5 star hotels).

The Trunk of The Palm

The trunk of the Palm comprises numerous holiday villas in Dubai of high class featuring incredible sights of sea and gardens on both sides in the trunk road. The primary apartment blocks that has been constructed will be the “Shoreline Apartments”. They’re 16 parallel apartment blocks (about 10 story tall), which range across the Palm’s trunk road. At one side of the trunk, the apartments have easy route with walking distance to malls, gymnasiums, artificial beaches, bars and restaurants. At another side of the trunk, the sights are called “Garden Views”, however, they just not as eye-catching as the Shoreline Apartments.

You are going to find the Golden Mile apartments at the Palm trunk road. Even though the apartments are still half way built, however they have been significantly finish. You can have a nice view of the sea from Golden Mile, but you will not able to have direct access toward the beach. Just similar to The Shoreline Apartments, you also can find a lot of apartment blocks being built just about the same with the Golden Mile. At the time the project is completed, it is going to offer a lot of high quality facilities and amenities with retail, leisure, as well as commercial area. At the time this article is written, The Palm Monorail been completed and been operating in April 2009. The Palm Monorail operates through the front access of the Palm, across the trunk and straight to the Crescent. The initial ideas were having there with stations and famous hanging spots, among the most popular spots would be The Dubai Atlantis Hotel and also The Trump Tower.

You would be able to locate the Marina and also Tiara Residences at the tip of the trunk. They are luxurious and high class apartments feature with beach and marina views. The Marina and Tiara residence been completed in 2010 and is selling like a hot cake even the price being down for quite a lot due to the economy crisis that hit the emirate.

Atlantis Hotel

For the Atlantis Hotel, it is now open and is situated on the Palm Crescent. The Atlantis Hotel is a great five star hotel that can provide you with high class lodging place as well as amenities to suit for different type of people needs. The Atlantis Hotel is features with a lot of marvelous attractions, and the most popular one would be the water park that located outside of the hotel as well as a large aquarium that situated inside the hotel. The Atlantis Hotel is having an official open ceremony in November 2008 and people all around the world been having a chance to witness the opening. There were a lot of wonderful events having then which included of the most luxurious fireworks display and also a Kylie Minogue concert. At the time the Atlantis Hotel was having it open ceremony, the hotel was really crowded and disorganized. However, after being open for some time, the hotel is now less noisy and unauthorized public access outside the hotel is confined so that they are able to offer a better living experience to the residents in the hotel.

You are able to locate holiday accommodation on each of the Palm Fronds in Dubai that features with their own private pools and beach. You will notice that all villas at the Palm are exclusive and due to this marvelous place, the price that asked for tend to be of premiums and can be quite expensive. Nowadays, The Palm has been possessed a lot of superb villas built and lived in as most of the fronds have now being occupied. Fortunately for you as if you visit there you still can get a few of the Palm villas that are willing to rent you for your holiday accommodation.

Some other much talked about structures or some pending to complete projects on The Palm Jumeirah are including Fairmont Hotel and Residences, Kempinski Hotel and Residences, and also the QE2 which is going to surface on the Palm very soon.

You’re going to get more information about the Palm Jumeirah by searching at the site at http://internet.palmjumeirah.ae.

Over the last two decades, Dubai has become the trade hub of the Middle East. There are many booming industries in the United Arab Emirates, of which banking and investment sector is a leading one. All major global banks have operation in Dubai thus establishing the city as the banking hub in the Middle East region. The sector has grown a lot in the recent past and created many banking jobs in Dubai. in fact, the banking and finance sector has led to a job boom in the country. Expatriates are being hired for jobs in the banking and finance sector in various profiles at the junior, middle and senior management levels.

The exceptionally booming economy of Dubai has attracted a lot of international as well as local attention to the city. A lot of finance has also been pumped into the city. This and other reasons have led to a lot of financial activity in the region. The expatriate population is also very high in the region. So, to cater to their banking needs, international banks have set shop in Dubai. With the increase in demand for banking and finance services, the employment opportunities in the banking sector also went up. The banks and financial institutions required qualified, world-class staff to cater to the global population in Dubai. Hence, jobs in Dubai for banking and finance opened up for professionals around the world.

Banking Jobs in Dubai With Global Financial Centre

In fact, the Dubai International Financial Centre (DIFC) is being considered the new global financial centre. It has created vacancies in all streams of the banking and finance industry including private, investment and corporate banking to capital markets, asset management and Islamic finance. The DIFC will be like a mini-city inside the emirate of Dubai. It will offer an opportunity for professionals to live and work in the financial centre. In DIFC, there will be job vacancies in finance companies in the main six fields, which are banking services, DIFX (exchange), asset management, reinsurance, targeted service provision and Islamic finance.

Currently, there are a plethora of job opportunities in the international financial advisory sector owing to the expanding expatriate population in Dubai. The international brokerages that are functional in Dubai look after the finances, investment portfolios and wealth management activities of their clientele. This includes corporate as well as individuals. The banks and financial institutions provide corporate solutions to big and small companies functional in Dubai and also assist individual expatriates manage their offshore investing, international banking, securing international mortgages and required assistance with saving money on global health insurance cover.

Looking For Banking Jobs in Dubai?

If you are looking for a job in the banking and finance sector in Dubai, you require experience in the financial services industry. Even experience in high level sales or sales management is beneficial for securing a banking job in Dubai. If you have experience with an international bank already, you can easily look to get a job in Dubai. The major banks operational in Dubai are National Bank of Ras Al Khaimah (RAKBank), First Gulf Bank, Emirates Islamic Bank, Abu Dhabi Commercial Bank, Dubai Islamic Bank, National Bank of Dubai and many more besides international banks such as Lloyds TSB Bank, Barclays, Citibank, Standard Chartered Bank, HSBC Bank and many more.

Like any other job in Dubai, even for a banking job, you would require a sponsor to be able to work for a bank or financial institution in Dubai. Generally, your employer will be your sponsor and will look after all immigration formalities on your part, once you are hired. There would be a PRO office in the company that undertakes all such activities for expatriate workers. Also, while applying for the job, you would need an attested copy of all your educational qualifications. The notary who attests the certificates would have to be validated by the foreign office in Dubai.

Banking jobs in Dubai are quite lucrative as international banks pay well to hire quality talent. Also, since there are no personal taxes levied on the salaries, all you earn is for you to keep. Many expatriates work in Dubai banks and financial institutions to make life time savings. So, it is like enjoying the best of both worlds. While there is good money to be made, there is also enviable lifestyle that one can enjoy while working in Dubai.

The dramatic development of Dubai economy has resulted a big shock to all other countries. Despite the ever increasing gas prices, lethargic economy in U.S., along with a gloomy situation throughout a number of the worldwide financial industry, the amazing Dubai economy growth is continue to baffle a number of market watchers and also economy specialists. The tale that causes the circumstance further awesome will be the satisfying rewards for Dubai real estate and property investment which has make a lot of investors reap in handsome profit.

Foreigners Constituted of 80% Dubai Population

For your information, 80% of the population in Dubai is now constituted by expatriates. And the number is continue to grow as there are more and more people from other countries are entering the emirate. As a result, this has helps to make the Dubai real estate and property investment florishing and turning them into money churning machines. Dubai is in the position to be able to offer for all type of properties ranging from high class villas to luxurious apartments which are available for all developers or individuals investors to invest.

Needed to mention that the high appreciation would be the visionary Al Maktoum family that has grabbed the sovereignty in 1883. Even there are quite a number of financial disasters happened ever since, the Dubai economy potential still turn out to grow faster and faster. The development that conmmenced by the Al Maktoum family have got converted Dubai once was completely relying on oil and gas to be able to engage in the globalization era. The Dubai gross domestic products (GDP) generally looks forward to obtained from its free trade zones and also travel related commercial infrastructure as a substitute. Virtually all options employed by the subsequent people in charge happen to be fast and accomplished on time. Because of this, it has help to made Dubai turn out to be a modern and also a rapid developing location which is well suited for conducting business over the years.

After many years of development, Dubai has built an excellent relationship with lots of international business partners, substantial foreign direct investments (FDI) organizations and also skilled workforce have keep on entering in the emirate in spite of the occasional plummeting economic climates. Lately, the Dubai government consented the expatriates to enjoy a freehold property right. This is something that no one can imagine but it been come true now. Therefore, foreigners are eligible to buy apartments, villas, and also other freehold properties as long as they are affordable to pay for the price.

As time goes by, today Dubai and turned itself into a well known spot in the world with many world class architectures being developed and completed in the emirate. Those completed achitectures like the Burj Al Arab (the first 7 star hotel in Dubai), Burj Khalifa (the tallest building in the world), and Dubai will not just stop there but would keep to constructing many more modern and stylist landmarks that are popular to the world. As a result, a lot of travelers wish to travel to Dubai in order to pay a visit to this metropolitan and having their enjoyment there. The region used to only appeal during summer period when there is holiday season but it’s no longer the case now. You can pay a visit to Dubai today throughout the year and you are going to get a lot of fun and cultural fiestas there. Besides the shopping carnival that going on each year, you can still find much more of other activities taking place in Dubai which aid this urban center develop into an area which is filled with entertainment and celebrations throughout every season. As soon as each one of these elements connecting together, there is no surprise for you to find out why apartments, villas, and other freehold properties are always of popular and are good investment opportunities for many investors there.

Buy Property in Dubai and Rent Out

A lot of foreign investors are likely to go to an area for touring while they are in Dubai. While few other investors would just buy the property on the spot and rent those property out to other tourists who happen to come to Dubai for short holiday. Purchasing property and rent them out can also be a rewarding business since the demand is very high. There are many investors who have make very handsome profit and they tend to purchasing even more properties to rent out so that they are managed to make even more money. Because of this, the rentals in Dubai is keep increasing and is now consider quite high price already. The high price rental may turn away visitors who are thinking about leasing the property, however the investors are going to make a great profit by owning the property. Normally the owner of the Dubai properties will sell them at premium after a few years. The cycle keep going on and many foreigners and expatriates are invest in Dubai freehold properties with the purpose of making good profit with the money that they invest. By doing so, it can be said as a win-win situation for people who are coping with tremendously globalized universe.

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