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.
To the untrained, a real estate broker may seem like a sort of modern wizard. Moving real estate can seem a little bit like moving mountains. In a sense, that is exactly what is going on because it is impossible for someone without the proper knowledge to do it well. You need not remain mystified forever, especially if you are interested in getting into a property investment. In order to learn the magic, you first must learn what it is that the magicians are doing.Basically, a real estate broker is a person or agency who has the legal and financial knowledge to help clients while they are attempting to sell or buy a home. The property sale is, in a way, organized directly by them. This is the person or agency, of whom the real estate agency employs. Brokering does require a select type of license and uses a higher level of agent, not a salesperson. Thus, all brokers can be agents, but not all agents can be brokers.As a service for the person who is selling the home, the broker will have the property placed in the local estate listing, as well as provide the necessary paperwork to get the process started. They will also perform sales and marketing activities, including holding an open house and advertising the intended sale of the property. Buyers will also be screened to make sure they have the money to follow through with the purchase. This saves the seller from being subjected to “curious” people who have no real intention to buy, and are basically there wasting the seller’s time. A listing agreement will be signed by the seller purchasing these services from a brokerage.Once upon a time, brokerages only represented sellers, but these days many agencies represent buyers as well, some to the exclusion of representing sellers at all. This is a good thing for those who are interested in a real estate investment, as they will find themselves in the “buyer” seat pretty often. Any buyer who wishes to enlist the services of a brokerage should make sure there is a signed contract between themselves and the agency for the estate sale. Otherwise, the broker may actually be working for the seller. A real estate broker who is actually working for the buyer will find properties that fit the buyer’s financial profile and take him around to look at properties.The real estate broker may orchestrate closing for either side, as well as possibly being the negotiator for the property sale. It’s also possible that they may set the client up with other important professionals like lawyers and loan officers. A broker’s payment can be defined as a commission based on the amount realized out of the sale of the property.Regardless of whom your real estate broker is working for, it is good to understand the process for yourself, if even on a very basic level. At the very least, you need to know how to make sure the broker is working for you if you want the benefit of her negotiation skills during the estate sale. Otherwise, those skills may actually be used against you. Take a little time to find out what services you are going to receive and where the broker’s loyalties lie. This is even more important if you are thinking of real estate investment. Time spent educating yourself can save you a great deal of money in the end.