All about Dubai

Warm shallow seas, rich marine life and beautiful sandy beaches

Dubai is a bustling modern city dominated by towering skyscrapers and complemented by tree lined boulevards and a glistening coastline. In contrast, silent desert stretch out beyond the city providing opportunities for unusual sports such as sand skiing. All year round sunshine, warm shallow seas, rich marine life and beautiful sandy beaches are just some of the reasons why so many tourist and investors flock to Dubai.

Following the 2002 changes in legislations which now allow non UAE NATIONALS to own property, the demand for property continues which makes it a great opportunity for investors. Consequently the population of 180,000 in 1971 has grown to 1.1 million today and is anticipated to exceed to 2 million by 2010.

DUBAILAND

Attractions and experience world

Plunge into the family world of theme and water parks, roller coasters and adventure, dedicated to high- energy excitement and discover

Sports and out door world

Three giant stadiums dominate this world offering a mix of sports and venues in addition to spectacular golf courses and a state-of-the-art motor sports city.

ECO- Tourism world

Skilfully merging education and entertainment, ECO-Tourism World inspires visitors with tropical bio-domes and desert safaris within the desert parkland surroundings. With a world class science and history museum and cultural activities with a broad appeal this fascinating location is sure to encourage long stays and repeat visits.

Dubai also offers a wonderful retail and entertainment world

Discover a stylish world dedicated to total indulgence and incredible shopping. There is also downtown a vibrant mix offering shopping, cosmopolitan dining and dazzling entertainment with popular family- orientated elements such as cinemas, bowling and themed restaurants.

We at Iberian Homes Worldwide really feel that this is a great hit with all. 20 years ago everyone who was anyone was heading for Florida not only to holiday but to buy there dream holiday home. However, we find now that the market has moved in this direction. Not only one of the ideal holiday destinations but also as a good property investment.

Dubia’s population is predicated to grow to 2 million and the number of tourists to rise to 15 million by 2010, ensuring the local property market will continue to be incredibly buoyant for the foreseeable future.

The Current shortage of property is providing many off plan purchasers an average of 30% return between release and completion and rental yields of up to 18%.

More Area Information

Visa and Residency Issues

Anyone in possession of a valid British passport can stay in Dubai for up to 30 days without needing a visa. This can often be extended up to 90 days upon request. Owning a property entitles you to become a Dubai resident if you wish but this is by no means compulsory.

Healthcare

The standard of healthcare in Dubai is generally quite high. Foreigners can use public hospitals provided they have a valid health card from the UAE Ministry of Health but many still prefer to go private.

Fees and Taxes

For new builds, expect land registration fees of around 2% and a years up front maintenance charges.

If you decide to apply for residency, allow around 1.500 Pounds. This will cover three years.

If buying a resale property all the charges of a new build apply, plus a 1 to 2 % transfer fee, depending on whether the property is complete.

While a lawyer is not legally required when buying in Dubai, it is nevertheless always recommendable.