Can anyone still purchase real estate in Dubai?

The international real estate has taken interest in buying property in Dubai. The Emirate has become synonymous with determined mega developments and projects that have claimed worldwide recognition and become phenomenal architectural landmarks. The May 2002 law facilitating the purchase of Dubai property by non-UAE nationals ignited the Dubai real estate industry to the position it enjoys today.

In a city with a well planned infrastructure, one of the largest ports in the world and logistics buying property in Dubai is a guaranteed return on investment. Dubai provides the ultimate environment to buy property and buyers have an array of multifunctional buildings to choose from. From unique city apartments to deluxe beach front villas and exclusive self-sustaining communities, Dubai is a property destination which has also attracted the attention of many international celebrities as well.

Some may think that buying property in Dubai is for the elite upper class only however a small research will prove otherwise. Many new and existing residents of the city have found it lucrative to purchase residential property instead of paying excessive rents to landlords.

While the market for mortgages is still developing, many developers offer exclusive payment plans when buying property in Dubai. The city is flourishing with the new Dubai Metro and the real estate market is still maturing. Purchasing properties in Dubai is not only wise investment but also a profitable one. Whether you wish to rent or sell your property or want a holiday home for yourself and your family, there is no better place in the world that will offer you the luxury and standard that is expected from Dubai.