Over the years, there have been a number of positive adjustments in Dubai’s property sector. One of the crucial important developments was undoubtedly the 2002 ruling that allowed foreign ownership of properties in freehold areas of Dubai. This was followed by the enactment of a law that made escrow accounts compulsory for these Dubai developers selling off-plan properties. These accounts provided significant security to consumers, instilling in them higher confidence to invest in Dubai properties.
In consequence, Dubai’s property sector matured rapidly. Some signs of a healthy and mature real estate market are stability in property prices, increased transparency in real estate laws, protection of investor’s rights and higher competition amongst developers.
With all this being applied, Dubai’s real estate sector was sure to attract a considerable amount of investment. Dubai has turn into well known all around the world for consistently introducing world class projects that provide unique opportunities, robust mass enchantment, and high returns with a mixture of excitement and enthusiasm.
Efforts by the Government of Dubai to determine a regulatory framework by means of Real Estate Regulatory Creatority and Dubai Land Creatority that addresses firm laws, financial laws and real estate laws has given both private and institutional investors higher confidence in investing in Dubai.
As always, a strong regulatory basis is critical to encourage overseas funding anywhere. The rulers and Government of Dubai have always sought to promote a robust natural affiliation between Dubai and luxury. As a result most real estate developments from hotels to resorts to residences and villas have targeted on the premium segment of high net price individuals and families. Additionally, with the elevated land and building prices in Dubai, developers have chosen to develop projects on the luxury stage to make them more economically viable.
Research has proved that there exists strong finish-person and investor demand for lifestyle themed projects both locally and internationally. For example, golf and waterfront projects have great life-style appeal and consequently have become a significant part of Dubai’s development strategy. These luxury customized homes on the waterfront or in unique themed nativeities come fully landscaped providing such components as resort type swimming pools, manicured gardens, outside seating areas and expansive patios for eating and entertaining. With a big number of villas already sold out, it has created a successful impact on those patrons who are looking for a singular property proposition.
Representing the wave of the longer term, resort homes provide residents with the expertise of residing in a first class resort all by way of the year. These homes have been designed by architects, interior designers and landscape planners from the hotel and resort industry. So the quality of finish and a focus to detail in these resort villas might very well be compared to these present in first class hotels or resorts. To complete the overall experience, these villas come with a dedicated concierge service. It’s these options that can distinguish resort properties from typical housing.
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