Apr 21 2008
Property in Dubai
The property in Dubai has made it a commercial downtown and Dubai has emerged itself as the Shangri-La of real-estate deals. From its patronage of sand dunes and tranquil beaches, it has congealed into a global property portal. The property here has become a fountainhead of capitalist investments.
The cardinal attraction of the property in Dubai is its low prices that are one-third per square meter as compared to the property in the US. Apart from it, one can economize through the tax-free income in Dubai against the vast revenues in the US.
The rent prices have inflated to a minimum of 10% to a maximum to 50% in past two years. This progression in rates is drawing in the investors into property and to combat this hike, people are shifting to permanent property from lease. Continue Reading »
