Property Investor information: United Arab Emirates Dubai
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Property Investor information for: United Arab Emirates Dubai
Ambitious urban developments often seem to take a lifetime to complete. In Dubai they appear to not only happen overnight but to outstrip the most vivid of imaginations in architectural innovation.
In less than ten years, this tiny United Arab Emirate state has virtually leaped off the map with a dazzling fantasy of futuristic developments that have thrust it into the global property investment spotlight and prompted an international construction boom of unprecedented proportions.
The Dubai vista is hard to beat. At its crowning glory, two huge man-made islands carved in the shape of date palms laze 72 miles offshore in the azure waters of the Arabian Gulf. Dubbed as the "eighth wonder of the world", the Palm Jumeirah and Palm Jebel Ali islands claim to fame comes not only from the fact that they are visibile from space but from the line up of VIP buyers, including David Beckham, who were among the first to snap up properties there.
Previously it had been difficult for non-Dubai nationals to own property and freeholds, but this is now set to change.
The emirate has been experiencing much property development in recent years that should continue over the coming years, with the new freehold laws making it even easier for ex-pats and other foreigners to get in on Dubai's property investment boom.
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