Located in the United Arab Emirates (UAE), Dubai is an emirate that has recently begun a steady and determined effort to move from an economy based entirely on oil trade and relies increasingly on tourism and service industries.
The result is an economic boom and the world has realized that this remarkable city is ideal for such efforts. There are more and more tourism resorts being built year after year to meet this new type of economic booster. Investment in Dubai nakheel estate is now a very attractive and cost-effective option.
One of the main areas where Dubai is becoming a major service provider is finance. The number of foreign professionals who continue to arrive in Dubai every year to enjoy the benefits of the tax-free policy and relatively higher pay scales has increased steadily.
This contributed to the real estate boom and many of these people are considering investments in Dubai real estate. Rents are on the rise recently. One of the best forms of investment in real estate in Dubai is currently single room apartments. These apartments are proving most lucrative for rental service providers due to the large number of expatriates working in Dubai.
While the cost of property in Dubai has increased, it should be noted that compared to international standards costs are still relatively low. This means that any investment in real estate in Dubai is a chance to increase faster capital appreciation by a large margin. Given the bullish state of the property market, investment in real estate in Dubai in the coming months or years will give excellent results.