From a sleepy, pearl diving community to one of the most dynamic and fastest growing cities in the world, Dubai has limitless opportunities to profit from real estate investments. Part of this glowing state of affairs is the fact that Dubai has no income tax. Other reasons include that it is safe and politically stable. Dubai has excellent healthcare facilities and a good education system. The infrastructure is modern, the weather is perfect and leisure activities abound. Don’t forget: salaries are tax-free, a boon to the more than 2 million people who live there.With all these favorable living conditions, every day more and more people are attracted to living here. In addition, there are limitless job opportunities so that real estate is a safe and growing portfolio investment. Just recently a 7-star hotel has been built, shopping malls arrive regularly filled with merchandise from the most luxurious retailers, and every day new people arrive to live and work. This calls for even more homes and apartments, so real estate continues to be a sure-fire growing investment.Leading world corporations have invested billions of dollars in Dubai real estate. Lovely apartment complexes and villas have been eagerly sought out by those newly arrived. Real estate law is simple in Dubai: you can sell your property whenever you want and outsiders can own property in Dubai. As property owners they are given a 3 year renewable visa to live in the country. These arrangements make owning property in Dubai simple and hassle-free.As far as where to live in Dubai, almost every area is safe, clean and filled with shops where you can buy anything you need, from groceries to clothing.The Dubai Marina district is a sought after area in real estate, and for good reason. This is a beautiful area where one can find luxury villas and apartments, a short distance away from the best dining, shopping and entertainment spots Dubai has to offer.The Jumeirah Beach Residence area (JBR) is definitely one to consider; it boasts walking strip filled with places to dine and shop opposite a beautiful beach and of course Bluewater island.Downtown Dubai is one of the most sought after real estate areas in Dubai; it can be described as the heart of the city, bustling with activity and it is home to landmarks such as Burj Khalifa, the tallest building in the world, and the famous Dubai Mall, the world’s largest shopping mall where one can find 1,200 shops.The area of Al Barsha has one drawback: overhead power lines are everywhere. Other than that, the local shopping is good and the security is excellent.The Arabian Ranches development is away from the city, so you avoid traffic and construction. It is safe and secure and a wonderful community in which to bring up children. It is near a fine golf course and polo club. However, you’re far from town and have to commute everywhere.At Umm Suqeim you’ll find old and new residences, ranging from a little run down to magnificent mansions. Rents are fairly reasonable, but they are not cheap. After all, the area is right near the beach and the Burj al Arab hotel. You can shop for everything from antiques to groceries and fresh fish. The location is excellent, with beach access and glorious hotels with all their facilities available to you. You’re near schools and medical facilities. However, traffic can get congested with cars heading to the beachThe areas of L’Safa and Al Wasi have large green parks surrounded by villas and family homes. These are excellent places to live for families with children However, you have to drive everywhere for everything, although not very far.If you don’t mind paying top dollar for your residence, look to Jumeirah, the most exclusive and desirable area of Dubai. The homes are mainly low rise villas ranging from luxurious to uber magnificent. This address runs along the coast and it has gorgeous views of the ocean.