Dubai is renowned for its stunning design and architecture. Dubai has become a worldwide real estate hotspot, and prices for property have increased dramatically in the past two or three years. Find new on best desert safari dubai.

You may be thinking about the reason for this increase in Dubai real estate investment. The increase in the demand for real estate in Dubai is due to the fact that Dubai property laws permit foreigners to own freehold the land. Foreigners can rent or sell their property at their own discretion. A freehold owner of a property in Dubai can also be qualified for a renewable three-year residence visa.

Another factor that has influenced Dubai's real property market is the billion-dollar investment made by the biggest multinational corporations around the globe. A lot of these multinational corporations have relocated their operations to Dubai. The move has led to a growth in the population of those living in Dubai. The need for real property in Dubai has grown due to the increase in the population. This is further exacerbated due to the fact that Dubai's property and real estate laws are very simple. An agreement for sales is all that's required.

Taxes are less burdensome is another reason that favors real estate investment in Dubai. Are you surprised to discover that there aren't any taxes on income or property transactions in Dubai?

The above reasons can be the reason Dubai is the top option for real property. Dubai is also renowned for its natural wonders that have been deemed to be the eighth wonder of the world. Dubai continues to set new records in construction and development, which puts it ahead of the other top real estate locations all over the world.

Damac Properties is the largest private master developer in the Middle East, offering luxury and exclusive commercial and residential Dubai Real Estate and Dubai Freehold Property in addition to Dubai Investment Property.