Off plan property in Dubai is something that has been getting a lot of attention in recent times. Dubai is fast emerging as one of the most popular holiday destinations, with millions of tourists visiting every year. This growth in tourism has seen an increase in population in the city too, which has led to an increase in construction. There are many reasons behind this growth in demand for luxury properties in Dubai. Dubai’s location on the Persian Gulf means that its climate is some of the best in the world, combined with tax-free salaries, which attract thousands of people every year.
Dubai is a relatively young city, having evolved somewhat from its traditional fishing and farming communities. Dubai’s success has also rested heavily on the development of an excellent infrastructure, and Dubai’s real estate developers have capitalised on this by creating some of the most impressive off plan apartments in the world. Off plan property is one of the fastest growing segments of the construction industry, and Dubai especially benefits from this. There are many reasons behind this growth, with Dubai being one of the only countries in the world to develop off plan property without exploiting its natural resources.
Dubai is an ideal location for off plan luxury apartments due to its relative isolation. This isolation ensures that the urban environment in Dubai remains calm, whereas in nearby Emirates such as Abu Dhabi the same trends are reverse. Dubai’s development has therefore focused on creating as few moving components as possible, with this focus on interior living. The result is a city that is extremely easy to get around, with public transport using buses and taxis being the primary modes of transport. This can often be an advantage in itself, as some of the less developed areas of the city tend to be less interconnected than more developed parts of the city.
The integration of luxury apartments into the city’s lifestyle has created an extremely cohesive and friendly social environment. Many expatriates and residents live in off plan luxury apartments, allowing them easy access to restaurants, clubs and other entertainment centres within the city. This integration has also meant that the social dynamics between these groups have remained relatively stable, although there have been instances of cultural tensions, such as when converts to Islam in the west faced discrimination at times.
Another benefit of Dubai’s development is the ease with which jobs can be relocated. Companies are able to easily move staff from western countries to the Middle East, providing many positions in high rise towers with excellent salaries and benefits. This has also led to a skilled work force being available in the city, with many positions being offered at salaries far higher than those available in the west. Additionally, a huge number of graduates and students have opted to live and study in Dubai, with many choosing to travel abroad while completing an undergraduate or master’s degree. This has helped to fuel a massive rise in the number of graduates entering the job market each year.
Off plan properties are very easy to obtain. Many off plan developments consist of high rise tower blocks and apartments, which can be leased on a permanent basis when the construction is complete. Off plan properties allow for flexibility in terms of location, with some apartments and tower blocks strategically located to cater for the local population. Furthermore, they are often exempt from local taxes, saving the buyer from having to worry about paying a lot in addition to paying taxes on its purchase.
In contrast to the relatively limited number of properties available on the market for Port De La Mer Apartments Dubai, it is possible to buy property in Dubai through a variety of different means. The most common is to buy an apartment or villa on the plan, which is usually suitable for families who wish to live in a large building in the centre of the city. Another way of buying off plan property is to buy a property in the outlying areas of Dubai, such as Jumeirah. However, it can sometimes be more difficult to obtain property in these areas, due to lack of information regarding local property market. This is especially true in outlying areas of Dubai, where the local population is vastly different to that of the central city.
If you are interested in buying off plan property in Dubai, it is advisable to carry out a lot of research before actually purchasing any. This will allow you to find out about the current trend in real estate and the laws related to it in your particular part of the world. You can also look up the laws that apply in your country and your own country, to make sure that you are not breaking any of them when you go ahead to purchase property in Dubai. One of the most important things that you need to remember when buying off plan property in Dubai is that there are a lot of people who want to get hold of this kind of property in the city. Therefore, if you are looking to invest money in such a business, you need to ensure that you have done your homework well before purchasing any off plan apartments or villas.