Already on ArticleSlash?

Forgot your password? Sign Up

Dubai Real Estate Properties - Why Britons Prefer Dubai As Their Second Home

 


Visitors: 203

Britons prefer Dubai as their second home because it is one of the fastest emerging cities in the world. According to recent research, more than 100,000 Britons have purchased homes in Dubai since 2002.

British real estate investors are quite interested in investing in Dubai real estate market because of its tax-free status, brilliant services, enviable lifestyle and more importantly low crime rate.

Sunny weather all year long is also the pivotal factor behind popularity of Dubai real estate among British investors. It is worth mentioning in this regard that in UK chilly and damp conditions is the order of the day especially during winters.

Individual houses

Most of the UK residents prefer living in individual houses [attached or detached] in Dubai. When buying house in Dubai, British investors also look out for a small garden where they can organize tea party and children can play a bit. According to media reports, it doesn't really matter for British people whether their house is situated in a beach front or a desert.

Disposable income

Dubai real estate market is tailor made for real estate investors who possesses disposable income. This is because of the simple reason that there is an increase of around 15 to 20 per cent in terms of capital appreciation in Dubai. If experts are to be believed, the overseas home market of Dubai has matured tremendously. Few years back, Dubai was widely been regarded as the ideal Investment for speculators interested in getting fast profit.

Rental yields

This is not the case anymore because current market trend are only suited to those investors who are interested in owning a home or investors who want to cash steady investment returns through resale market and high rental yields on finished properties. Rental yields in UK are around three to four per cent annually, which is quite low as compared to the seven to ten per cent of Dubai. Taking this into account, there is hardly a surprise that most of the Britons prefer Dubai as their second home.

Conclusion

This trend of Britons preferring Dubai as their second home is going to continue in the coming years especially after the introduction of Freehold Property Law in 2006. Freehold Property Law allows non-GCC citizens the right to buy freehold properties in designated areas of Dubai.

Please visit http://www.aboutdubai.org for information on real estate property advice in Dubai.

(427)

Article Source:


 
Rate this Article: 
 
Dubai's Real Estate Regulations - Trendsetter for other Emirates
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Dubai Real Estate Properties to Buy - Tebyan Clarity Towers

by: Sophia K (January 10, 2008) 
(Real Estate/Buying)

Dubai Real Estate Investment - The Unbeatable Advantages Of Burj Dubai From ..

by: Sophia K (December 12, 2007) 
(Investing)

Furnished Apartments In Dubai Properties Like Waterfront Dubai Marina Seems ..

by: David M (July 12, 2010) 
(Real Estate)

Real Estate Dubai

by: Anitha Hari (April 01, 2008) 
(Investing)

Dubai Real Estate

by: Sara Fredder (February 19, 2008) 
(Investing)

The Direction Of Dubai Real Estate

by: Nabi Baig (May 06, 2008) 
(Real Estate/Buying)

Abu Dhabi Real Estate - Can They Catch Up With Dubai?

by: William King (September 22, 2008) 
(Real Estate/Commercial Property)

Dubai Real Estate Business and New Strata Law

by: William King (July 02, 2008) 
(Investing)

A Big U-Turn In Dubai Real Estate Market

by: Katherine Buxton (April 21, 2012) 
(Real Estate/Agents and Brokers)

Dubai's Real Estate Regulations - Trendsetter for other Emirates

by: Jasdeep Kaur (December 10, 2007) 
(Real Estate/Commercial Property)