Why is Dubai real estate a good investment?
A. 1. High rental rates Rental rates continue to go up. Rates last year went up anywhere from 10% to 50% depending on the property. With stable rising property value in 2005, rental yields have been moving upward as well. This attracts investors to the Dubai real estate market, while pushing those renting into buying Dubai property in order to avoid future rent hikes. 2. Low priced Compare a Dubai condo to a condo in a prosperous UK or American city and you will find that home or condo prices are around 1/3 the price. Tax-free incomes in Dubai compare more than favorably with UK and U.S. post-tax income levels, and borrowing costs are virtually the same. This large price difference clearly creates an incredible opportunity for Dubai real estate. 3. Mortgage costs are falling Local and international banks are creating more mortgage options by the day, and the result is pushing the cost of borrowing lower. If it costs less to borrow money for purchasing Dubai property then the net effect
