Dubai property for sale - buy to let
24, Northumberland Street, Westminster, London, WC2N 5DB
Dubai is the jewel of the Gulf, and is the in place for international companies
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Dubai property represents great value and a great investment.
The property purchase options in Dubai are as varied as the cultures within this "Dubai heaven on earth" emirate itself. From centrally positioned skyscraper apartments to villas of the Arabian Ranches, the choices are endless.
In fact it is that which can delay the Dubai decision making process. What style of Dubai do you want? For living in Dubai the choices of property are immense, for investing in Dubai an even wider plethora of options present themselves as Dubai has residential property and commercial property opportunities.
Possibly one of the most unique Dubai property investment opportunities is an investment leaseback. You buy your property and the developer furnishes, manages and rents your property on your behalf, sending your Dubai investment proceeds to the bank account of your choice anywhere in the world. Leaseback is becoming more and more common in the property market these days, but only Dubai has the genuine demand and infrastructure where returns are guaranteed.
This is Dubai, the commercial epicenter of the world. Dubai property opportunities range from a simple apartment holiday home to a complete "hands-off" investment property. Whatever you buy, the investment return is guaranteed.
The choice of property is yours. The choice of destination is definitely Dubai.
The rental income from property in Dubai is tax free, no income tax and no VAT.
Over 900 international companies have chosen Dubai as a tax free location, HSBC, Debenhams, Bank of America, P and O, Harvey Nichols, General Motors, AEG, Aiwa, BP, Ciba-Geigy, Daewoo, Heinz, and for cricket fans the ICC.
This provides a constant demand for quality rental property, and Dubai has become one of the locations of choice for expatriate executives.
The weather is amazing all year round, and the fact that it is crime free, is amazingly clean, and has outstanding medical facilities is a great attraction.
Apartments are of the highest quality, with porters, health clubs, and indoor and outdoor pools.
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Big international banks flock to Dubai
By JIM KRANE, Associated Press Writer Thu Aug 3, 10:07 AM ET
DUBAI, United Arab Emirates - Another land rush is under way in Dubai, but this time those clamoring for property are U.S. and international banks.
Morgan Stanley is doubling its 22-person staff in Dubai as it readies to dabble in the booming Islamic finance market.
The banks join tens of thousands of foreigners, mainly Europeans, that flocked here to buy luxury homes and apartments after this cosmopolitan city opened its property market in 2002.
Some banks, like London-based Barclays Capital, Standard Chartered and ABN-Amro straddle both worlds, with local branches abiding by Emirates law doing business in dirhams and a separate DIFC branch.
(c) 2006 The Associated Press. All rights reserved. http://www.difc.ae
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