
Dubai one of the states in the United Arab Emirates (UAE) seeks today to move away from its traditional oil dependence to a more balanced one based on tourism and services. As a result, its economy has grown with more and more tourism resorts coming up to meet this aim. This article will list three reasons why you should invest in the Dubai today.
Firstly, Dubai as mentioned earlier is becoming a services hub and in particular a financial services hub, there is going to be an increase in the number of foreign professionals who are flocking there to work and with a high pay and tax free status over there, the average rental yields of properties there is above the average. Currently the single room studio apartments are doing the best in terms of rental since the expatriates that work in Dubai tend to be single individuals so this would be a great real estate investment tip to note if you intend to invest in Dubai.
Secondly, the cost of Dubai property relative to international standards is still very low and as a result the chance of a large capital appreciation increase is very high. Coupled with the bullish take on rentals as mentioned above, the prices of your real estate investment in Dubai will be set to soar in the next few months.
The reasoning cited by some real estate professionals is that when US and UK sourced money starts flowing into such properties, the value of the real estate will reach international standards and you would make a handsome profit from the capital appreciation.
Thirdly, there is currently a Disneyland attraction being built there and this would result in an increase in tourist visitors to Dubai. If your property is located near Disneyland, there is a chance that you will be able to rent out your property to people going there on holiday. As for problems with rental collections, most real estate companies double up as property mangers and developers so they will be able to handle most of the payment collections on your behalf.
In conclusion, Dubai represents one of the emerging markets where your investment dollar may make a lot more. Spending some time considering whether you want to investment in Dubai property may be worthwhile when considering the potential benefits involved.
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Why You Should Invest Investing has become increasingly important over the years, as the future of social security benefits becomes unknown. People want to insure their futures, and investing is the answer to the unknowns of the future. Investing is also a way of attaining the things that you want, such as a new home, a college education for your children, or expensive toys. Of course, your financial goals will determine what type of investing you do. If you want or need to make a lot of money fast, you would be more interested in higher risk investing, which will give you a larger return in a shorter amount of time. If you are saving for something in the far off future, such as retirement, you would want to make safer investments that grow over a longer period of time. The overall purpose in investing is to create wealth and security, over a period of time. It is important to remember that you will not always be able to earn an income You will eventually want to retire. You also cannot count on the social security system to do what you expect it to do. You also cannot necessarily depend on your companys retirement plan either. So, again, investing is the key to insuring your own financial future, but you must make smart investments!
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Need Property Investment Tips, Can You Give Em'?I'm in my early 20s, but I'd love to get a leg up. Ideally I'd like to have some lucrative properties under my belt, be it a house, apartment or condo units, or if I'm lucky enough an entire building, by my mid-late 30s.
I'd love to start with an apartment or condo unit. What would be the best route to take to get from there to where I want to be in 10 years. Obviously I'm not swimming in money, but if I have enough to pay for my own mortgage, and can make the difference between what the renters are paying and what the mortgage payment on the other unit.
Just looking for advice/tips? I live in British Columbia, Canada. Do you know any good place to buy in right now? etc…
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Joel Teo -
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Joel Teo runs the property investment article directory that can be found at The Property Investment Resource site
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