Dubai which was once known for its oil based economy has completely changed its course and has become one of the most attractive places for tourists with a rapidly progressing real estate market and a city that holds some of the most awesome constructions the world has ever seen. It all began in 2002 when the ruling government decided to increase Dubai real estate investment and passed a law according to which foreigners were allowed to buy free hold property in Dubai, with developing infrastructure and improving business friendly environment and excellent law & order conditions, investors from all over the world were attracted to invest in the real estate and property market Dubai as all these factor guarantee a prosperous business and fruitful returns on the investments. This became the main reason for Dubai real estate investment to increase so quickly as every investor was tempted by the return on investment in Dubai giving boost to the real estate and property sector here and with volume of tourists every year which increased the demand of residential and commercial properties it became even more certain that investments in the real estate and property sector will a profitable option for all looking to invest in Dubai real estate.
Also because welcomes not jus tourists and visitors but also immigrants to provide skilled workforce for its growing business community there are many who are provided with a work visa for one, three, and five years Dubai short stay duration.
Most of these people on short stay for work in Dubai require a rental real estate property in Dubai for their stay which further increases the demand of real estate properties in Dubai and further encourages the investors to invest in the real estate sector. People on Dubai short stay normally look for cheaper and affordable options like flats and apartments which are easily available and are comparatively lower in cost then a villa or a home in Dubai. This is why flats and apartments in Dubai are much more in demand compared to other options available to be bought in the market and since there is plenty of availability in the market the buyer or the tenant also gets his desired real estate property at an affordable price or rent.Most of the construction projects in Dubai consist of flats and apartments keeping in view the increasing demand of flats and apartments in Dubai. Investors also buy flats and apartments in Dubai to later rent them for continuous income every month as apartments and flats for rent Dubai get acquired in very quick time by the tenants. And because since apartments and flats offer variety of options form affordability to privacy, comfort and luxury, one can easily find his desired property according to his budget. These apartments and flats for rent Dubai are fully furnished and equipped with all the necessary requirements of modern day living like active TV connection, internet broad band connection, active telephone connection, air conditioners, ward robes, Kitchen with its appliances, swimming pool, car park, and gymnasium. This is why these real estate properties in Dubai have become an icon of extreme luxury, comfort, and quality.
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