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Dubai property

Property in Dubai

Dubai

Dubai Properties is a member of the Dubai Holding Group and is based in Dubai , United Arab Emirates. Dubai Properties core activity is the development of large scale residential and commercial property developments within the Emirate of Dubai.
Commercial property in Dubai Property has a 20 percent turnout at present. This is way high in comparison to the global average of commercial property yield of 6 percent. Dubai Property analysts opine that by the year 2010, the high yield will show a downward trend as the expected growth in commercial property units in Dubai Property is threefold than the present status. Consequently, the yield may even touch the global figures in some years from now.
Dubai Property commercial property at present has no liquid secondary market and the high rental yields on commercial units in the emirate are due to the selling prices of development underway in Dubai Property market. For a short while, as the demand is outstripping supply of commercial property in Dubai Property, there will be a boost in the rents.
There has been some sluggishness in the expected increase in rentals this year due to a delay in the completion of commercial property projects in Dubai Property. However, some parts of Sumerian Lake Towers, Sheikh Bayed, TELCOM and DIFC are due to be delivered in the property market by the end of 2007. This has been a sustaining force in the Dubai Property commercial property rental rise.
Today Dubai property is hailed as one of the most expensive business cities in the world wherein the average rent for Dubai Property amounts to 89 dollars per square foot. With more and more commercial units expected to hit Dubai Property market in the coming years, this average will also decline. At the same time, it should be noted that the average of 89 dollars per square foot is quite low a figure when compared to that of other international cities like Moscow, Paris and Hong Kong.
Office rents in Dubai Property have increased by 40 percent year-to-date. At the same time, the occupancy rates of commercial property units in Dubai Property are approximately 99 percent. The commercial units in Dubai Property market have gradually acquired a crucial role that even old Dubai's real estate market has witnessed an increase of about 36 percent in commercial rents. At the same time, commercial rentals in new Dubai Property have increased by 45 percent.
The main reason behind a higher yield by Dubai property commercial property units is that while the cost of freehold commercial units has increased, the selling prices still remain at the lowest wrung of the ladder among business cities. So the average figures come at around 400 dollars per square foot, making the rental yields soar up to 20 percent as against a global average of 6-7 percent.
Dubai has many beautiful and interesting places. The most amazing thing is The Palm Islands is a series of artificial islands in Dubai , United Arab Emirates on which major commercial and residential infrastructure will be constructed. To date, the islands are the largest land reclamation projects in the world and will result in the world's largest artificial islands

Dubai Property

by internet

Dubai

The construction of Burj Al Arab, the world's tallest freestanding hotel, as well as the creation of new residential developments, were used to market Dubai property for purposes of tourism.


The government's decision to diversify from a trade-based, but oil-reliant, economy to one that is service and tourism-oriented has made real estate more valuable, resulting in the property appreciation from 2004–2006. Large scale Dubai property development projects have led to the construction of some of the tallest skyscrapers and largest projects in the world such as the Emirates Towers, the Palm Islands and the world's tallest, and most expensive, hotel the Burj Al Arab. As of July 2007.


Much of Dubai property boom has been concentrated to the west of this region, on the Jumeirah coastal belt and along. Port Rashid, Jebel Ali, Burj Al Arab, the Palm Jumeirah and theme based free zone clusters such as Business Bay are all located in this section.

Pet link

Victoria Australia

Great web site Peter
Thank you for allowing me to purchase some of your Gouldian Finches
Ian Gilbert

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Hi
Good job! It was very interesting reading it.

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