Through the years, there have been a number of positive modifications in Dubai’s property sector. One of the most vital developments was undoubtedly the 2002 ruling that allowed international ownership of properties in freehold areas of Dubai. This was adopted by the enactment of a law that made escrow accounts compulsory for these Dubai builders selling off-plan properties. These accounts provided significant security to buyers, instilling in them larger 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, elevated transparency in real estate laws, protection of investor’s rights and better competition among developers.
With all this being applied, Dubai’s real estate sector was bound to draw a substantial quantity of investment. Dubai has turn out to be well known everywhere in the world for constantly introducing world class projects that provide unique opportunities, robust mass appeal, and high returns with a mixture of excitement and enthusiasm.
Efforts by the Authorities of Dubai to establish a regulatory framework by Real Estate Regulatory Creatority and Dubai Land Creatority that addresses company laws, financial laws and real estate laws has given each private and institutional buyers higher confidence in investing in Dubai.
As always, a strong regulatory basis is critical to encourage foreign funding anywhere. The rulers and Government of Dubai have always sought to promote a robust natural association between Dubai and luxury. Consequently most real estate developments from hotels to resorts to flats and villas have focused on the premium phase of high net price individuals and families. Additionally, with the elevated land and development costs in Dubai, developers have chosen to develop projects at the luxury stage to make them more economically viable.
Research has proved that there exists strong end-consumer and investor demand for way of life themed projects both locally and internationally. For example, golf and waterfront projects have great lifestyle attraction and consequently have turn out to be a significant part of Dubai’s development strategy. These luxurious custom properties on the waterfront or in exclusive themed nativeities come totally landscaped providing such elements as resort type swimming swimming pools, manicured gardens, out of doors seating areas and expansive patios for dining and entertaining. With a big number of villas already sold out, it has created a successful impact on these consumers who’re looking for a unique property proposition.
Representing the wave of the longer term, resort properties provide residents with the expertise of dwelling in a first-class resort all by way of the year. These properties have been designed by architects, interior designers and panorama planners from the hotel and resort industry. So the quality of finish and a spotlight to element in these resort villas could very well be compared to those present in first class hotels or resorts. To complete the overall expertise, these villas come with a dedicated concierge service. It is these options that may distinguish resort homes from conventional housing.
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