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June 10 2016

Dubai Real-estate - Past, Present and Future

Over the years, there are a number of positive modifications in Dubai's property sector. One of the most important developments was undoubtedly the 2002 ruling that allowed foreign ownership of properties in freehold regions of Dubai. This became followed by the enactment of an law that made escrow accounts compulsory for all those Dubai developers selling off-plan properties. These accounts provided significant security to buyers, instilling included greater confidence to purchase Dubai properties.
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In consequence, Dubai's property sector matured rapidly. Some indications of a normal and mature housing market are stability in property prices, increased transparency in solid estate laws, protection of investor's rights and greater competition among developers.

With all of this being implemented, Dubai's property sector was certain to attract a lot of investment. Dubai is now well known worldwide for constantly introducing first class projects that provide unique opportunities, strong mass appeal, and also returns using a mixture of excitement and enthusiasm.

Efforts with the Government of Dubai to establish a regulatory framework through Real-estate Regulatory Authority and Dubai Land Authority that addresses company laws, financial laws and real estate laws has given both private and institutional investors greater confidence in buying Dubai.

Keep in mind, a good regulatory foundation is critical to inspire foreign investment anywhere. The rulers and Government of Dubai usually have sought to promote a strong natural association between Dubai and luxury. Because of this most property developments from hotels to resorts to apartments and villas have dedicated to the premium segment of high net worth individuals and families. Additionally, using the increased land and construction costs in Dubai, developers have chosen to develop projects with the luxury level include them as more economically viable.
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Research has proved that there exists strong end-user and investor demand for lifestyle themed projects both locally and internationally. As an example, golf and waterfront projects have tremendous lifestyle appeal and thus are becoming a significant part of Dubai's development strategy. These luxury custom homes for the waterfront or perhaps in exclusive themed localities come fully landscaped providing such elements as resort style swimming pools, manicured gardens, outdoor seating areas and expansive patios for dining and entertaining. Which has a large numbers of villas already sold-out, they have created a successful affect those clients who are seeking a unique property proposition.

Representing the wave of the future, resort homes provide residents with the connection with residing in a first-class resort all year round. These homes are already designed by architects, designers and landscape planners through the hotel and resort industry. And so the quality of finish and a focus to detail in these resort villas is compared to those seen in top notch hotels or resorts. To accomplish the overall experience, these villas come with a dedicated concierge service. It can be these features that may distinguish resort homes from conventional housing.

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