Dubai is quite possibly the property success story of the decade. With a massive push from the government to increase tourism, buildings are going up at an amazing rate, and there has been no shortage of buyers for the wide range of apartments and houses that are springing up.
With a corresponding rise in the number of high-quality restaurants, shopping emporia and leisure facilities, this has become both a tourist destination and, for the canny investor, a literal oasis of wealth generation. There are several property brokers and agents who will show the prospective buyer just the right property to suit his investment needs.
key2dubai has a vast selection of properties in Dubai's most sought-after developments, including high-specification waterfront apartments in the famous Dubai Marina. All properties overlook the yacht club, the Arabian Gulf and the breathtaking Palm Jumeirah.
Prices are surprisingly affordable, starting at just £100,794 for a one-bedroom apartment in the Marina Diamond III building. The property measures 727 sq ft and comprises living room with balcony, kitchen, bathroom with separate WC and bedroom (also with balcony). Facilities include a communal swimming pool, children's playground, secure parking, high-speed lifts and a concierge service.
Al Majara Towers, a five building residence on the Dubai Marina, includes a two-bedroom apartment extending to 1,367 square feet, priced at £234,074. Both the master bedroom and second bedroom have en suite bathrooms. Also included are a kitchen, living room, dining room, laundry room, and a separate WC. The balcony affords excellent views of the marina development and the Arabian Gulf.
The complex includes a communal pool and gym. For more information on these and other properties available through key2dubai visit key2dubai.com.
Another player in the local property business is MiNC Property Enterprises, a leading property wealth management company based in the UK and Dubai. MiNC is offering investors the chance to purchase units in its new freehold residential property,.Jumeirah Suites is located in the Jumeirah Village development and will be developed, built and managed by MiNC. All units offer an eight per cent annual rental guarantee for the first two years.
There will be spacious studios plus one- and two-bedroom units. The development includes a swimming pool, gym and other leisure facilities, basement parking and landscaped gardens. Jumeirah Suites is located at the heart of the emerging 'New Dubai' and is one of the most appealing properties at the value end of the Dubai property market.
Kamran Mahmood, managing director of MiNC Property Enterprises, says, 'This centrally located development will, we believe, be the next hotspot at the value end of the Dubai property market, due largely to its proximity to Sheikh Zayed Road and Dubailand, considered to be among the biggest leisure and urban infrastructure developments in the world.
'There is still considerable demand for properties at the value end of the market. Jumeirah Suites allows investors to tap into this key market segment and benefit from the obvious potential of the phenomenal Dubailand development.'
Jumeirah Village will be a self-contained development with a vast range of facilities including schools, clubs, sports, leisure and medical facilities.
Last year MiNC launched Marina Suites, one of the first serviced apartments available at Dubai Marina, offering alternative investment opportunities in the leisure property sector. For further information go online to mincproperty.com.
Dubai Select has launched in innovative Fractional Ownership scheme, the first of its kind in Dubai. This enables customers to buy a portion of freehold apartments in Dubai as a means of 'testing the water' with regard to investing in Dubai property.
Investors are able to purchase the fully furnished luxury accommodation in two-week increments which, when sold, will see them receive 1/25th of the total value of the property – a sum which will not only cover their initial investment but should also generate a profit as Dubai property prices rise.
In addition to using the accommodation for holidays – while generating a profit – customers are able to exchange their allocated two weeks for other global destinations, as Dubai Select has negotiated an agreement with the Interval Quality Vacation Exchange Network, a vacation exchange that lets customers swap their property for comparable properties in over 2,000 resorts in 75 countries.
Dubai Select has a range of properties available, from £75,000 studios to four-bedroom villas for over £550,000. Visit dubaiselect.com to find out more.