DUBAI MARKET VIEW
There are many advantages to being in Dubai. The DXB Government has no restriction on how much or how often this can be repatriate.
CURRENCY - Pegged to the dollar at a consistent rate of 3.65+
FREEZONE - attracting many international enterprises to set up a midway point here in Dubai
Currently 14 freezone areas have been identified in Dubai;
-JAFZ, Dxb Airport FZ, Internet City, Media City, Knowledge Village, Healthcare City, Silicon Oasis, Aid City, Flower Centre, Gold & Diamond Park, Cars + Automative Zone,
FREEHOLD – May 2006
SUPPLY + DEMAND
A lot of people are talking about whether there is a bubble and if so, when it will burst.Our opinion – no bubble, no downward turn for several years;
- Supply has still to catch up with demand
- 60,000 resident visa are processed each month
- Population currently around 4m and it is the governments vision to increase this to 10m by 2010
How will they do this?
by attracting investors into the region, establishing specialized zones, companies moving HQ, Jobs being created by the ongoing boom and new infrastructure.
COSMOPOLITAN – ‘ MELTING POT’
75% Expat / 25% Local
TOURISM
- 800 hotels are currently under construction
- Last year more revenue was generated by tourism that oil
The Dubai Advantage
- Tax Free
- No restrictions on repatriation of earnings
- Stable Currency rate
- 100% ownership in Free Zones
- 100% ownership in designated freehold areas
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- Demand vs Supply
- Cosmopolitan Community
- One of the world’s highest standards of living
- One of the safest cities in the world
- Consistently strong economic outlook
- Thriving Tourist Destination
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Market Size
Four Major Developers
Key Developments
Palm, The World, Culture Village, Burj Dubai / Downtown
Business BaUS$4 Billion in new projects since the signing of the new Freehold LawYou never ceased to be amazed at the extent and design of projects coming into the market. Dubai likes to do it bigger and better and different!
Market Dynamics Why Buy?
Freehold Law (introduced in May 2006)
Access to Finance (Amlak, Tamweel, RAK Bank and others)
Rising Rent
Increasing Population – creating demand
Change in Mindset
Fabulous returns on investment |
