by Andre Sanchez

Since the 2002 decree by the crown prince of Dubai allowing foreigners to own freehold properties in Dubai, there has been a boom in residential real estate. The term ‘freehold’ means that the buyer owns the property outright and can pass it on in their estate.

Dubai has a great number of attractions for anybody looking for luxury living, and also for people seeking a secure real estate investment in an area that is free from the problems often associated with middle eastern countries. Dubai is not only tax free but is also one of the world’s fastest growing cities. A luxurious lifestyle is easily affordable and there are a number of amazing projects currently in development that provide the opportunity for people of all walks of life to own their choice of a wide range of residential properties.

Dubai is the second largest of the United Arab Emirates and the most populated. Sitting on the Persian Gulf it has experienced a great deal of expansion and investment over the last few years. Building and architecture such as the Burj al-Arab hotel located on a man-made offshore island in the Gulf, and the Emirates Towers, are typical of Dubai architecture, if anything can be said to be typical in this amazing city.

Take the Burj Dubai, which will be home to only a select few. This super-tall structure will not only be the tallest man made structure in the world, but a symbol of Dubai’s vision and proof that it is playing a central role in a growing world. This, indeed, is country that offers a great deal to the real estate investor and to the freehold purchaser who desires a property as his own residence.

Freehold properties in Dubai range from super-luxurious skyscraper apartments to single bedroom villas on the Gulf, with superb views and even better amenities. These residential properties are being constructed both offshore and inland by the top designers, architects and construction companies in the world. Not only will the freehold properties offer the best available in terms of fittings and amenities, but Dubai will offer their residents the best the world can offer in restaurant and shopping facilities.

The Dubai Mall, when completed, will be the largest shopping mall in the world. There will also be plenty of employment with the new Business Bay that will contain some five hundred skyscrapers standing on land reclaimed from the Dubai Creek. Also planned are a wide range of cultural and artistic facilities including museums, libraries and arts centers, and waterfront residential property planned or under construction including several tower apartment blocks and a number of waterfront villas.

Dubai Waterfront, consisting of canals and luxury hotels and homes, is a development of Dubai’s leading and most popular property developer, Al Nakheel Properties. It is a government company whose flagship development is the Palm Islands, which three artificial islands, designed in the shape of palm trees, and which have been described as the eighth wonder of the world.

Freehold property in Dubai is very attractive to investors seeking a good return on investment. Appreciation is rapid and high due to demand currently exceeding supply. With zero capital gains tax, and investors paying only 10% on booking, up to 100% ROI can be achieved in a few months. This is the time to buy since Dubai is claimed to be the fastest growing city in the world and it is anticipated that the population will increase by two thirds over the next three to four years.

Dubai itself is a wonder and if you have money to invest, or simply want to move to there for work or retirement you must get in fast if you hope to be successful in securing the property of your dreams.

Now is the Time to Buy Freehold Properties In Dubai was originally published at http://www.globallifenow.com