Monday, October 27, 2008

Dubai – Future’ Economic Power in Middle East

It is one thing to create a flourishing economic state. But it is quite another daunting task to keep the flag high in spirits years later. As the current rulers in UAE are basking in the glory of oil rich reserves, the same may not be the case for ever. Like every other natural reserve, even oil will vanish. Then what? Will the economic dream run end? Will the riches become obsolete? Will the expatriates look for more lucrative pastures? There are too many questions to be answered if Dubai has to remain a leader for long in the Middle East. Administrative capabilities, leadership qualities have to be nurtured in the next generation to carry forward the legacy.

Is Dubai equipped to face realties of unbroken dreams? The image cannot be tarnished as long as local youngsters are eager to participate actively in the economy. If one has to take an honest look, there are not many areas of development for locals other than become sponsors for talented foreigners and professionals. Local youth still are shy about becoming active participants in booming sectors. There are not many programs for the youth in the region to nurture and develop. The rulers are not turning a blind eye to this serious problem. In fact they are encouraging the research and Development wings of various sectors to let the younger generation to find their talents. In keeping with the progressive attitude, the Dubai Medical College has already registered a 100 % increase in various faculties.

The younger generation is showing some interest in science and medicine. This is an encouraging indication. The youngsters are also being urged to join other sectors where sustainable developmental projects are the driving force. The education system has improved also which will eventually help to churn out the best brains.

Wednesday, October 22, 2008

Investment in Freehold Properties

Investment in Freehold Dubai Properties

Dubai is ideally situated at the intersection between the east and west, with picturesque beauty, a contemporary modern infrastructure and lively lifestyle. Dubai draws about 4 million visitors each year. Recently, Dubai has adopted open policy for purchase of freehold property. International property buyers and hundreds of thousands of visitors each year are attracted to the open-minded attitude and relaxed environment exclusive to Dubai. The grant of particular areas in Dubai that allows foreign buyers access to freehold investment reflect the desire for more foreign investment.

For the expatriates living in the UAE and especially Dubai facilitated the need to offer the many expatriate residents the chance to make Dubai a permanent home. With the initiation of freehold property law coming into place in 2002, and succeeding property developments like The Greens and Dubai Marina announced, all signs indicated to a triumphant future freehold market.
With a variety of selection of freehold properties at present available on the Dubai property market, and number of developments facing completion each day, Dubai provide a lucrative choice for investors to invest and get more and more profit with great ease. The liberal and easy to access laws make Dubai a real heaven for international investors.

Saturday, October 18, 2008

Commercial Property Sector in Dubai - A Trendy Pick

Dubai's commercial property is seen as a profitable option in the business circuit the world over. It is significant in this regard that a number of office buildings in the Dubai International Financial Center have their initial price experiencing a growth within three months' period! In another example of the rising popularity of commercial property in Dubai, the prices of land in the Business Bay area have seen a increase of about 40 percent.

As far as the rental market in the commercial property sector, Dubai is one of the top 10 countries of the world. With an average office space rent at the rate of 329 AED per square foot, the figure continues to shoot up. Still one can witness the current demand-supply equation in the wider Dubai property market applies to office spaces as well. Demand continues to surpass supply even while commercial property in Dubai is on its way to expansion.