Dubai real estate, a point of interest

Dubai, the most populous city in the United Arab Emirates is also the most popular because of the recent real estate boom.  Even before this boom however, Dubai real estate is already the source of a big chunk of the city's revenues.

If you are interested in investing in Dubai real estate, it is necessary that you understand that real estate developments in Dubai caters to the luxurious taste.  The living cost including real estate prices around Dubai are comparable with that of highly urbanized cities like New York, Paris and London.

Thus, if you want to invest in Dubai real estate, it is necessary that you are prepared for its premium prices.  It also follows that the amenities are of high value and prestige.

Now, that you know Dubai real estate condition, it may be helpful to know that if you are not a local resident, there are legislative requirements and limitations for foreigners to invest in Dubai real estate.

Here are some points to remember about Dubai real estate.

-Foreigners are not allowed to register a property in their own names.

-Foreigners can only enjoy freehold rights to certain developments and areas.

-Residence visas are available from developers; you can also renew residence visas with them.

-Dubai real estate agents are entitled to commission ranging from 1-2% of the contract price.

-You will be required to make a deposit of up to 15% on properties you are buying before construction begins.

-If buying in a secondary market, you may need to pay the developer transfer fees of about 2% of the contract price.

Now, that you know some of the rules in investing for Dubai real estate properties, you may want to know some of the most popular real estate properties you can choose from.

Abyaar Developments in Acacia Avenues.  Do you want to leave closely to the famous beaches and luxurious hotels?  Then, this development is for you.  You may also have easy access from these residences to the media business parks.

Dubai International City.  Do you want to live in a Grecian themed zone?  Then the International City is for you.  You will be living amidst lush landscaped gardens and along side world class recreational facilities.  You can choose from furnished studio apartments to furnished one bedroom apartments.  It may however be quite premium to live in this community but if this is your lifestyle, then surely, you will enjoy living in luxury around the International City.

Park Towers at DIFC.  This community consists of two 30-storey towers.  These towers combine commercial, leisure and residential within its walls.  The design of the tower itself is futuristic and aesthetic to high profile palate.

Jumeirah Beach Residences offer luxury living near wonderful beaches.  If you live an active lifestyle, this community is for you.  You are in the middle of the finest family living community. 

There are other Dubai real estate developments that will afford you luxury living and functional communities.

You will surely feel like you are in the middle of everything, commercial residential and adventure filled living.

Dubai real estate is a dream, if you can afford the premium lifestyle, then you can easily get in touch with the many professional real estate agents around Dubai and enjoy city living in the popular Emirate City that is Dubai.