Where to place and grow your money is not an easy thing to do. As with any other investments, vthe risks can be very high. In a jiffy, all your earnings will be gone if external and internal factors do not go well. However, your investment can rake in super profits with careful planning, lots of hard work, determination and passion.
There are many options to choose from when it comes to where you can invest your money. One lucrative industry however is real estate and surprisingly, Dubai is one of the top destinations for real estate.
While going around Dubai or even when you go online, the “Dubai Property for Sale” sign is already a common sight. This is mainly because Dubai is one of the fast-deeloping business areas. Buildings and establishments are built left and right.
Why is Dubai experiencing such a rising development and why is its real estate industry booming?
Aside from being a developed area, Dubai has been rated by Interpol as one of the safest countries to live in. In addition, Dubai is strategically located in the middle of Europe, Africa, Asia and the rest of the Middle East.
This prestige and image makes Dubai an increasingly famous tourist destination and business development area. As years pass by, Dubai has enjoyed a 16% growth rate in the tourism industry. In 2001, over 3.4 million tourists chose Dubai for their vacation and statistics reveal that this figure will bloat to 6 million in four years, with an estimated 200,000 visitors a day! The tourism industry is developing so fast that supply of hotels, condominiums and other facilities will take up to a decade to catch up with the demand.
A hot Dubai property for sale in dubai would have to be condo hotels. Condo hotels allow the owners to own a vacation house in Dubai and yet earn profits when it is not in use. The concept allows owners to have the units rented when unoccupied. With the increasing demand for hotels and lodging in Dubai, condo hotels are being built and sold and these are good investments. To put your mind more at ease, real estate market researches show that investors can very well expect a return of a minimum of 30% on their properties. Investors can expect a rapid turnover in their capital.
Another hot Dubai property for sale is office buildings. With its strategic location and booming economy, commercial buildings are being built especially in the center of the city. Some say that almost 1/3 of the world’s cranes are in Dubai for the construction of new buildings.
The economy of Dubai continues to grow and it is very well on its way to being one of the top commercial districts or business areas in the world. With more and more companies setting up offices in Dubai, rental or sale of office buildings is a very wise investment indeed.
Check the statistics. Check the real estate market. Then you may be convinced that investing in real estate in Dubai may be your ticket to wealth and financial security.