Invest In Dubai Property
By Jackson Givens, Content researched from http://www.damacproperties.com/en/project/projects/the-residences-at-business-central-burj-area.html
Outclassing Riyadh and Doha, Dubai has emerged as the favourite spot for property investment by high net worth individuals (HNWIs). Following the forecast of the International Monetary Fund (IMF) of an average of 3.4% Gross Domestic Product (GDP) around Middle Eastern countries combined with the raise of HNWI wealth documented in the region against the backdrop of economic chaos in Europe, it makes sense to invest in property in Dubai.
EIGHTY PERCENT of HNWIs from places throughout the region who participated in a survey gave preference to Dubai as the destination to invest this year. Of those surveyed, 40% are wanting to invest in the residential market. Another 40% are inclined to investing in hotels and leisure property while 20% are seeking to invest in sales.
If in case you are interested in investing in Dubai's property market, hotel apartments deliver huge returns. As the area's primary business and leisure destination, the town has been visited by far more than 72 million people. Analysts are projecting a bigger figure for 2013 which, in turn, will greatly enhance hotel occupancy.
Outclassing Riyadh and Doha, Dubai has emerged as the favourite spot for property investment by high net worth individuals (HNWIs). Following the forecast of the International Monetary Fund (IMF) of an average of 3.4% Gross Domestic Product (GDP) around Middle Eastern countries combined with the raise of HNWI wealth documented in the region against the backdrop of economic chaos in Europe, it makes sense to invest in property in Dubai.
EIGHTY PERCENT of HNWIs from places throughout the region who participated in a survey gave preference to Dubai as the destination to invest this year. Of those surveyed, 40% are wanting to invest in the residential market. Another 40% are inclined to investing in hotels and leisure property while 20% are seeking to invest in sales.
If in case you are interested in investing in Dubai's property market, hotel apartments deliver huge returns. As the area's primary business and leisure destination, the town has been visited by far more than 72 million people. Analysts are projecting a bigger figure for 2013 which, in turn, will greatly enhance hotel occupancy.
For travelers and businessmen who travel for an extended period of time, hotel apartments give an amazing option. Identical to an apartment, hotel apartments are more roomy and they consist of a kitchen. Like a hotel, amenities like Internet connection, telephone and fax, housekeeping and concierge services are basic. For expatriates this means having the best of both worlds - the ambiance and lower cost of living in an apartment and the unparalleled service of living in a hotel.
Of course, only a few investment properties on the market are alike. In Dubai, Downtown Burj Dubai area is emerging as one among the most sought-after locations with the world's highest building, the Burj Khalifa, being the centerpiece. Located between the Sheikh Zayed Road and the Defence Roundabout, the downtown area is accessible through buses and the metro station while the seashore is within comfortable distance. The region delivers a blend of various residential and commercial amenities as well as hotels and offices. Both the Dubai Mall and the Souk al Bahar are found in the area, attracting thousands of travelers.
The market demand for property in the downtown Burj area is most likely to stay upbeat for numerous reasons. Apart from the favourable prediction in the general area of Dubai, the downtown area is a special address. Because of its location, people can go from the beach to Old Dubai in just a short while. For sure, there's also the unmatched opportunity to have the view of Burj Khalifa welcome you each single day.
Of course, only a few investment properties on the market are alike. In Dubai, Downtown Burj Dubai area is emerging as one among the most sought-after locations with the world's highest building, the Burj Khalifa, being the centerpiece. Located between the Sheikh Zayed Road and the Defence Roundabout, the downtown area is accessible through buses and the metro station while the seashore is within comfortable distance. The region delivers a blend of various residential and commercial amenities as well as hotels and offices. Both the Dubai Mall and the Souk al Bahar are found in the area, attracting thousands of travelers.
The market demand for property in the downtown Burj area is most likely to stay upbeat for numerous reasons. Apart from the favourable prediction in the general area of Dubai, the downtown area is a special address. Because of its location, people can go from the beach to Old Dubai in just a short while. For sure, there's also the unmatched opportunity to have the view of Burj Khalifa welcome you each single day.
