french property com

a new wave of investors is expected to flock to Dubai as a destination of choice. It is a new trend, where you can start by investing in regions that are more conservative in their property investments.

A popular international real estate portal recently reported that some earlier Dubai projects are now in the completion and that the regions concerned, the infrastructure has improved considerably, with additional reliance on the previously hesitant investors.

Matthew Lanham, Chief Technical Officer of a popular real estate portal remarked that "Dubai is for us, the great interest, and it makes sense to our customers who are now our own staff in Dubai. We note that some international buyers want a feel for the region before investing and our staff are on hand to do this. We have a team that can speak Arabic, English and French, which is a real bonus. "

According to another property expert, Hind Jouini Chief, "Dubai is still expanding and is a relatively new market. There is so much opportunity here that many foreign buyers do not know where to begin. Our presence in Dubai to interest in the region by the international community. Our customers come from Germany, Pakistan, India, the Middle East and Russia. We assume that more conservative investors will soon be moved into the region if it projects to completion and the enormous improvements in the infrastructure here, "

It was also reported that the extent of development in Dubai problems with utility companies in which some difficulties in accordance with the requirements of real-estate developer.

Peter Riddoch, the chief executive of Damac Properties has these setbacks by stating that: "Power and water is one of the biggest challenges facing Dubai's real estate sector. In a number of areas, the government is playing catch up"

Against this background, Dubai political authorities and property market rule makers have rules about the financing of the planned real estate purchases in the region.

This has led to three of Dubai leading banks start escrow accounts. The new regulation focuses on changes in Dubai property law which aims to improve transparency within the Emirate of the real estate industry.

Recent reports suggest that the Islamic Banking Division of Mashreq, the trust accounts as a result of Law No. 8, which now claims that the mandatory use of the account when buying an off plan property in Dubai.

The CEO of Badr al-Islami, Mubashar Khokhar was reported that "the account would not only be" strict ", but would also purchase off-plan" more transparency ". The real estate and construction industry today, 22% of non-oil GDP of the United Arab Emirates. I think this law will be a major catalyst for the industry and is on the dynamics of growth in the coming years. Escrow will purchase plan more transparent. From a developer's perspective all accounts are monitored, while the buyers have the knowledge that their money will not be diverted for other purposes. "

Following a further report on the status of developments in Dubai, it is clear that "some of its previous plan properties come to completion, Diamond Investments, a subsidiary of Diamond Developers, has announced the completion of the handover of Marina Diamond III, the third in the series of six buildings in the Dubai Marina. "

Fares Saeed, CEO of Diamond Investments, said: "It is a pleasure to see our third building in the Marina full of the new owners and tenants. We are pleased to provide our customers with a different lifestyle full of relaxation in the Marina, where they with all available facilities in this project. We expect to deliver Marina Diamond IV, V and VI later this year - which, together with the handover of Marina Diamond III, the total supply of residential units in Dubai from 1300 dwellings over the Marina Diamond III plays a role in alleviating the supply crunch in Dubai real estate market "

Many experts are of the general consensus that Dubai is seeing a new wave of investors who buy property in Dubai.

Accordingly, Dubai is the place where not only commercial property but residential property is built quickly snatched and several international investors, the huge attraction that Dubai still applies.

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