Dubai Travel Guide

Dubai real estate is one of the most lucrative property markets in the world. Buying real estate in Dubai’s Jumeirah Lake Towers (JLT) community is a good option to consider.
About Jumeirah Lake Towers (JLT)

A dynamic blend of residences, retail outlets, and offices, Jumeirah Lake Towers (JLT) is the next generation of real estate Dubai. Located just off Sheikh Zayed Road between interchanges 5 and 6, Jumeirah Lake Towers consists of 69 unique towers grouped together into 23 clusters. With a 55-storey central hotel tower, the community offers sheer beauty in the name of manicured gardens all around. (more…)

The growth of the Real Estate market in Dubai is protected from whatever fluctuations taking place in oil prices based on short and medium term. In fact, it is estimated that higher prices will only spur on the growth to higher speeds. The value of some of the Real Estate projects in GCC, Iran, and Iraq has already crossed $750 billion. Nearly 33% of this is concentrated in the United Arab Emirates with Dubai contributing the maximum. This figure is higher than the combined GDP in the same region, which is lower than $700 billion. According to expert estimates this trend will continue despite the fact that the oil prices are expected to fall in the short and medium term.

One key thing to note is that so far the growth of Dubai has been consistently defying all analysts. Since the past 5 years all sorts of experts have been saying that it is about time the Real Estate market in Dubai stopped being so profitable but so far the bubble has not burst. Though such growth has never been sustainable before no one is able to explain why it continues to thrive in Dubai. The GCC has the 17th largest economy in the world comprising of 500,000 high income earners and a GDP of $525 billion. The total ½ trillion dollar economy creates more than $500 billion in revenue that is used for investment. This volume is believed to boost the Real Estate and construction sector in Dubai.

With a growth rate of 25% per year the UAE GDP is expected to reach anywhere from Dh 500-900 billion by the year 2010. The UAE has already surpassed Egypt as the 2nd largest economy in the Arab countries. It is now second to Saudi Arabia which is going through its own explosive growth period. The projects in UAE total at around $225 billion with Dubai holding nearly $125 billion. (more…)

Dubai real estate sector is a bustling property market on the international arena. As Dubai is a fascinating city where the modern is juxtaposed with the historic, it has risen to become a real estate hub with great residential and commercial spaces available.

Dubai offers some of the best duty-free shopping in the world. Its championship golf courses, superb water sports, sandy beaches, sophisticated hotels, bustling souqs where travellers and locals can bargain for gold, carpets and fine handicrafts, all combine to make it an exciting city to buy real estate in.