Rent Dubai has once again regulated the rental increases in Dubai what the debate for the rent caps and buy to let property in Dubai seriously raging.
It is the argument that it is necessary to cap rates to ensure Dubai remains an attractive apartment with a view to its economic efficiency for a longer period, while on the hand you have property industry experts pointed out that " Dubai economy actually benefits significantly from the real estate industry and by capping rental rates you actually limiting the attractiveness of the nation from an investor perspective. "
Those who for the last 7% rent cap say that it "will be in Dubai, a stable environment for the majority of people in the emirate."
"The vast majority of those who live, work, start a business or invest in Dubai are either from home or premises prices or maybe even - when the current lease liabilities are known, these people will be able to effective plan. "
That makes life in the emirate even more attractive, since it removes the possibility of unforeseen, in terms of cost of living increases.
It is a fact that Dubai to stabilize increases in the cost of living to the inflation under control. Accordingly, a 7% ceiling for the rate at which rents chargeable will not only be a good thing, but for the continuation of the ongoing attraction of Dubai as a place to live and work.
Directly contrary to this view is the fact that by limiting rent increases, and you accidentally CAP, the attraction of Dubai.
In terms of the purchase to let investment property market is an upper limit in the truest sense of the word, a restriction on the profit, and Dubai, because the economy has been significantly strengthened incredibly, since the right of foreigners to own real estate properties in the emirate to right now the economy could suffer investors hope, if not on the acquisition of property in Dubai and the landlord.
Which side of the fence you have, we think it wise to take a step back from the intense argument that the angry for just a moment.
The restriction on rent increases, Dubai is that it is attractive as a place to talk with one, to live in and the opening of a business or work, which means that the current strong flow of immigration of persons , the professional Dubai is currently experiencing and the demand for rental accommodation will continue to be very strong.
This has the effect that vacancy rates for commercial and residential real estate is still very low, and indeed as an investment in Dubai real estate purchased with the sole purpose of the investor to allow for an income remains an attractive investment because they almost always occupied, and an income again!
If prices continued to spiral upwards, more people would be out of the emirate as the arrive and buy to let investors would find it increasingly difficult to carry all their ridiculous prices!
To attract more foreign investors in Dubai, Khalid Ahmed bin Sulayem, Director General of the Dubai Tourism and Commerce Marketing (DTCM) revealed: "We want to increase annual visitor numbers seven million to ten million by 2010. To achieve this, we are working on the implementation of new initiatives and strategies. "
He added that "The next three years, the dramatic developments in tourism projects in Dubai and will continue to be a" pioneer "in the visitors to this part of the world. "
This is good news for Dubai as a country and a thriving economy. The visible and clear to see, is the fact that investment in Dubai - regardless of their rent caps - is still very profitable venture and a positive when you consider the vast profits to have back.
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