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By: ashwinownsu | Posted: Jan 24, 2009 | General | 80 Views

The Dubai property market, although still quite new, has managed to become one of the world's leading markets for freehold property in a few short years. This is an incredible feat alone, but what is even more incredible is the innovation that has made the majority of Dubai's many property projects so remarkable. From the Palm Jumeirah and the Palm Jebel Ali to the Burj Dubai and Dubai International City, there is uniqueness to these properties that you cannot find anywhere else, and it is this uniqueness that has made the Dubai real estate sector so successful there really is something for everyone whatever your budget.


Property in Dubai has only been available to expatriates since 2001, and within that time frame, an assortment of villas, apartments, town homes, office space and much, much more has become available to practically everyone. Now that many of the earlier projects are complete, such as Dubai Marina, The Greens, The Meadows, Emirates Hills, The Springs, Jumeirah Islands, International City, Green Community and The Lakes, all eyes are now looking forward to the next big ventures to come out of this small, but constantly growing Emirate.


The market has accelerated at a phenomenal pace over these several years with people looking for property in Dubai, to become recognised as a world leader in innovative and unique property ventures. While only a handful of large developers dominate the market to ensure stability, more and more outside investors are jumping on the bandwagon of the Dubai real estate boom that still remains unstoppable. While new ventures have slowed down in recent years, there are enough projects underway to last for at least a decade, with each one offering something that Dubai residents and overseas observers have yet to see in a freehold property development.


It all started with the Dubai Marina, and then moved onwards and upwards in concept and design, with the Palm Jumeirah and the Burj Dubai, easily recognised worldwide as icons of this growing Emirate. Current projects that are expected to be complete over the next few years include the large Downtown Dubai development and Dubailand, Dubai's own take on a city dedicated to all things entertainment, but on a scale of luxury that only this prestigious city can offer. While industry insiders try to predict when the boom will end and the downturns will begin, all evidence points to an extended growth period for Dubai property, and no signs of slowing down anytime soon, making the Dubai Real Estate freehold property a key investment.


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