In 2002 the government of Dubai created freehold property zones in the city. For the first time foreign individuals could own property in the freehold areas of Dubai. This has resulted in an unprecedented boost in the real estate market leading to massive construction projects that are among the best in the world. The new law was established in order to enhance the confidence of property buyers in the legal system. The legislation was intended to attract foreign investment through international developers that always prefer to work in countries where the laws are straightforward and keeps things simple. Before the law was passed foreign nationals could only get a 99-year lease at a maximum but it was only since 2002 that they could actually own property in the freehold areas of Dubai. Another good thing about the legislation is that it helps to support 80% of Dubai’s population, made of non citizens, to rent out the property and lead better lives. Freehold property owners in Dubai can rent out their property on 99-year leases of their own.

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Dubai has caused some remarkable changes to the Real Estate and development industry all over the world. Dubai is a place that offers a great combination of the tranquility found only in the desert and the lively bustle of bazaars and several attractions for visitors, residents, and workers from all walks of life. Dubai is the leading commercial hub with the latest infrastructure and the among the best business environment to be found anywhere. Dubai offers all its investors with a wide range of value-added options that make it the ideal place for any business. Dubai has a tropical climate and one of the most dynamic business centers in the Middle East. The city combines 21^st century sophistication with the simplicity of the old days.

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Pakistan is quite a part of the nearly global boom of the Real Estate market. The prices have been rising steadily for quite some time now. The property in prime locations of cities like Karachi, Lahore, and Islamabad is in high demand among both realtors and consumers. The prices of such properties are already reaching into the above million US dollars range. A simple one kanal house in a location like Model Town, Gulberg, or Defense can cost anywhere from $200,000 to $500,000. The prices have gone up so rapidly that they are nearly five times of what they used to be around a few years ago. Those who own the property are simply not selling it anymore and are waiting for the prices to go even higher. It remains to be seen whether this waiting and denying willing buyers is going to work out in the long run or if the market will simply fall apart.

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Dubai is the first country in the United Arab Emirates that ventured away from oil as its main source of income. Today oil contributes only 6% of the nation’s GDP. Dubai has steadily and determinedly worked on transforming itself from an oil rich country into an important trade center and business port. It has done several things to attract western investors, both individuals and corporations, to set up shop there. Dubai is also the biggest banking and financial market in that area.

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A smart investor’s earning potential is really high, as a Real Estate property only appreciates with the passage of time. With the booming Real Estate markets, the youngsters have actually started looking at Real Estate investments as great options to secure their future. There is nothing wiser than buying a flat at a young age, when your liabilities are low, and then selling it at peak at double its purchase price. To reap benefits, you need to however sow smart. As in, there is a lot of groundwork involved in finalizing a property and investing in it.

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Investing in a pre-construction property has significant advantages over investing in a finished property. A pre-construction property has the potential to give you profits even before it is complete. Read on this article to understand how you can invest in a pre-construction property and maximize its yields.

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Whether you plan to sell your house to purchase a new one, or you need lots of money urgently to tide over financial exigencies, or wish to get rid of your troublesome tenants, or simply because you intend to relocate – do it with a little bit of planning. Even if the need for sale is too pressing, do not follow the concept of distress sale, selling the house for whatever you are being offered. Devise ways in which you can make the house presentable, because the buyer will always want to find value for his money.

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Purchasing a property or home is one of the most crucial decisions that one takes in life. In order to ensure that you take this crucial and significant decision in the right way, you need to seek professional help. The professionals who can help you purchase the right homes are real estate professionals and real estate agents. Real estate agents have a thorough knowledge of real estate in their town. There are certain networks of real estate agents who are spread over a span of a few states. So even if you need to buy a property in any state, you can seek the services of these networks. It’s the knowledge and the contacts of real estate agents that you cannot replace. They have the best contacts and most complete knowledge of local taxing regulations, financing options and are highly skilled negotiators.

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The ever growing demand for prime property has also engulfed the emirates and in the last few years, prime locations in the emirates like Dubai have seen a real estate boom. Considering that Dubai was a highly competitive but low priced market, this real estate boom is the last thing that the government wants. A lot of experts feel that Dubai is heading pretty much the same way where some of the Asian markets have headed in the past, towards overpricing. The reason for this is pretty simple. There is not enough supply to meet the demand in Dubai.

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Whether you are currently living in an apartment you’ve gradually built aversion towards and you don’t know how to break that lease without harmful consequences, or you’re just tired of how your house or apartment looks, the truth is you’re not in that bad of a situation.

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