Second and Goal » property

Extraordinary Dubai Property Structures

Andrew — Tue, 04 Nov 2008 12:49:43 +0000

Appreciation of Dubai properties grew rapidly between 2004 and 2006 due to the government deciding to change from the trade based economy to a services and tourism based economy. This had led to huge and groundbreaking skyscrapers so synonymous with Dubai today. Dubai property is so innovative. They have the tallest building in the world that is used solely as a hotel, the Burj Al Arab. This crown is soon to be taken from this iconic building with the completion of The Rose Tower. This tower was completed in 2007 but is yet to open as a hotel. Vying for the tallest building in the world is being undertaken by a number of developments which are still in construction and due to be completed around 2009. Approximately 50km away is a proposed 200 storey tower with a projected height on 1,200 metres!

One of the latest groundbreaking Dubai property developments is the much publicised rotating tower. Each floor will have the ability to rotate 360 degrees independently so the tower is an ever changing structure in terms of shape and the views are ever changing for the residents. The speed of which it will rotate is anticipated to be around 6 metres per minute so that the residents will not feel the motion. Something which isn’t always associated with Dubai are eco friendly issues but the revolving tower is changing that. In between each floor are 48 wind turbines which will produce enough energy for the tower and surrounding buildings. Solar panels will also be fitted to the top of the building.

Life In Dubai

mike — Mon, 29 Sep 2008 10:24:12 +0000

Many people are fascinated and often puzzled at the thought of life in Dubai. From looking at the images of the architecture of the spectacular buildings and the length the developers in Dubai go to achieve them, it really is beyond belief.

One such ground breaking example is the Ski Dubai, 400 metre indoor ski slope constructed at a cost of 272 million US dollars. The artificial ski slope holds over 6000 tonnes of artificial snow which is made through revolutionary methods. Due to the amount of sunshine, Dubai is becoming a centre for sports. Dubai Sports City is growing by the day with high profile developments within it such an Ernie Els designed golf championship golf course called,”The Els Club”. Launched in January 2008, the course was opened by the creator and golfer himself, Ernie Els, ranked 5th in the world and the former Open and US Open champion. “The Els Club” was the first completed venue at Dubai Sports City and also the first in The Els Club brand in the world. This course has then led to residential developments being built with the focus on golf with many properties having views of the golf course. Further major sports choosing Dubai for large tournaments if Cricket. The ICC will be moving their headquarters to Dubai with planned projects such as a global cricket academy at an expected cost of 25 million US dollars.

All these high profile sports and subsequent sports and related people are then creating an even more cosmopolitan community and not just at Dubai Sports City. With the diverse range of Dubai property on offer, it is not just celebrities or the rich that are purchasing Dubai properties. Of course, the land mark towers such as the very highly anticipated revolving tower, will be of top most exclusivity but there is so much more to offer in Dubai. For example, many very well equipped apartment at Dubai Sports City, such as Eagle Heights and the Elite Sports Residence collection are beyond comprehension for most people compared with the investment property in the UK.

Buying off-plan in Dubai property couldn’t be easier which is another plus point for the consumer. The discounts available are hard to say no too with many being sold in a matter of days. The downward turn in the property markets in the UK and USA looks not to have made any difference to the market in Dubai.

Frequently Asked Questions on Purchasing Dubai Property

Jenny — Thu, 18 Sep 2008 09:45:32 +0000

Dubai is a fast growing country and fast becoming known all over the world for investment property. The following FAQ’s should answer the key questions about purchasing property in Dubai.

Can I purchase a property in Dubai?
Anyone can purchase a property in Dubai. In 2002 H.H. General Sheikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and U.A.E Defence Minister, announced freehold ownership was now available to all nationalities Worldwide.

Can I get residency in Dubai if I purchase a Dubai property?
Freehold property owners in Dubai and their family have the right to apply for a resident visa in accordance with the latest immigration regulations.

What extra fees do I have to pay on top of the purchase price ie, tax?
There are no property taxes to pay in Dubai as Dubai is a tax free country. Therefore the price you see on a pricelist is the total property price for new Dubai property.

How do I pay for a Dubai Property?
All Dubai Properties are purchased in UAE Dirhams, at Find Me A Property In Dubai we will assist you in this process. We advise you open an account with a foreign exchange company, this way you secure the best possible exchange rate.

Can I get finance in Dubai to purchase Dubai Property?
Yes. Finance is available from 50% up to 70% for non residents. However this process and application is specific to each individual development. Speak to a member of our team for more information concerning finance for Dubai properties.

What is the weather like in Dubai?
Dubai enjoys all year round sunshine!