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Investing into Dubai? Land is your Best Option

Investing in land is the safest option in Dubai. The land is scarce and the city prices are flaring up. In the first half of 2017, land prices in the city’s freehold zones recorded a 13% profit. Comparatively, Dubai property prices experienced 1.2% of decline in the 2nd quarter of 2017. Since last 14 year, land investments in Dubai have outrun the residential units by more than 50%, even after the returns from income from rents were taken into account.

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Investing into Dubai? Land is your Best Option

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  1. Investing into Dubai? Land is your Best Option… Investing in land is the safest option in Dubai. The land is scarce and the city prices are flaring up. In the first half of 2017, land prices in the city’s freehold zones recorded a 13% profit. Comparatively, Dubai property prices experienced 1.2% of decline in the 2nd quarter of 2017. Since last 14 year, land investments in Dubai have outrun the residential units by more than 50%, even after the returns from income from rents were taken into account. Picture Courtesy:benimevimakilli.com Districts like Downtown, Marina, Deira, Bur Dubai and Sheikh Zayed Road are established locations and plots of this area can be increasingly tough to source as they built out. More availability comes with newer built city locations towards south and west like opened up tracks with utilities and service installation.

  2. There are 4 kinds of land ownership in Dubai- GCC land for UAE people only, GCC land for lease-freehold land for people of all nationalities, GCC land for lease- open to all nationalities and available from 1-99 years and freehold land for all nationalities; freehold and free zone land for lease available for 99 years and renewable. Picture Courtesy:www.dejavuproperties.com Foreigners can buy lands in many areas of Dubai; they build their home mainly in Emirates Hills, Al Furjan and Palm Jumeirah. Non GCC nationals are restricted to a 99 year interest in land. Mostly the developers and owners purchases land plots in the UAE. In freehold emirates like Marjan Island in Ras Al Khaimah, Tilal City and Reem Island, expats can buy. Development ready land is scarce and the supply declines with every new project. This is because of two primary reasons. After the world economic crash, the master developers controlled the land supply to manage the oversupply better.

  3. Dubai land prices have doubled from Jan 2015 to Dec 2016, approx 27% and since then it have been rising steadily. The prices have started to appreciate only the beginning this year. 38% more construction issues were permitted in previous year as compared to this year. This pace of construction activity will continue to accelerate as the expo 2020 is round the corner thereby pushing the land prices higher. Picture Courtesy:cxm.world Land prices collectively hold a big part of the property development costs. Compared globally, the land prices herein Dubai is competitive relative to the similar cities in Europe & America. There has been concern in the minds of analysts & developers that prices aren’t competitive enough to result in any spark in affordable housing and the government job requires to provide added incentives to the developers. Get Connected on Social Media:

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