Buy Your Own Property in Dubai

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Buy Your Own Property in Dubai Empty Buy Your Own Property in Dubai

Post  umerakmal on Sat Apr 14, 2012 1:56 am

Dubai is rapidly growing in popularity with British second home purchasers attracted by its lifestyle, cosmopolitan atmosphere and sub-tropical climate.

Dubai City consists of two main areas, Bur Dubai (the older part) and Deira, which faces it across Dubai Creek and is now the centre of the city.

Residential locations traditionally favored by Westerners include the extremely select Jumeirah, which lies on the coast to the southwest of the city centre, and Al-Garhoud, situated on the northeastern side of the creek, near the airport. However, the recent property boom has led to a ripple effect that is enlarging the popular areas. Most residential development is currently happening west of the city, with the majority of foreign and expatriate purchasers concentrated in an area of approximately 25 km2, within easy reach of the beaches and the city-centre facilities.

The types of home favoured by British purchasers are Dubai apartments and villas, often located in secure complexes with communal leisure facilities such as tennis courts, swimming pools and gyms.
Since 2002, when, by royal decree, foreign nationals first became eligible to own property, Dubai has enjoyed a construction boom. New developments, many of them extremely luxurious and featuring the latest in technology, are springing up, particularly in areas popular with expatriates. These include Palm Island, a vast new resort development constructed in the shape of a palm, which projects 5 km into the sea off Jumeirah and extends Dubai\'s coastline by 61 km.

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