french property lawyer

If one considers Dubai's property market, there are two very special sites on the property, which be considered separately ...

It is the plan property sector, which in the opinion of many property experts, the "short-term profit potential is softening as the ability to realize profits from buying and mirrors during the development of a continuous strong demand from other property investors for this Type of property - and that demand is just not so much on the market as it once was. "

It is likely that a high level of investments in the plan property market will shrink in the near future.

Alternatively there is the incumbents, including the resale and rental of real estate completed and are due to the demand for real estate in Dubai, the height of the migration of the Emirate of (overall) annually witnesses, ensuring that this market will continue the interest of investors, the huge profit potential.

One aspect, however, of great importance for the whole real estate sector in Dubai is "affordability."

With the help of better financing products for the buyers and the fact that the government of Dubai has interest rate caps for rental tenants, the question of affordability, at least be maintained and are at reasonable prices and standards.

Looking to the longer term, Dubai is in a position to a "mature, well-rounded real estate market, the interest for longer-term investors rather than short-term interest to speculators."

A recent survey conducted by DSL Exhibitions suggested that "in Dubai residents feel the city was flooded with luxury real estate, and there is more demand for cheap property. If this is also likely to impact on the developers, and if so, what impact does this affect the prices and the profits of the investors? "

This survey was short, especially for the query, a representative of the demographic conglomerate of Dubai population, there were a large number of UAE nationals (20%) and Indian nationals (60%) respondents in this poll, but neither is currently targeted by the majority of developers in Dubai.

Although Dubai requires a lot more affordable housing, it is highly unlikely that the developers go to the more affordable end of the market, simply because there is no need for developers to do. While there are still buyers snatching the developments, it is obvious that the developers are not required to other areas of the property market, also, why should they deal with less profit, if far greater developer profits are guaranteed by the construction and sale of luxury developments.

The Dubai government needs to enforce the construction and implementation of affordable housing. If the government in this, they will have limited direct impact on the luxury segment of the market, since each end of the spectrum is the attraction of other types of buyers, investors and developers.

Dubai's political authority has a relatively strong agenda. The government is on a mission to create a sustainable, prosperous and attractive multi-objective, and if a situation arises, to the long-term ambitions it applies to the emirate then it may also intervene. "

The fact that the government of Dubai has long term plans for Dubai and its surroundings, but shows the incredibly ambitious nature of the current government Dubai.

The recent intervention by the limitation of back rent rates, to ensure the prevention of the prices out of control was a decision which was long by the political authorities in Dubai.

By increasing the rental caps, the government has ensured that it protect its residents and citizens and the protection of the Dubai economy move, while the purely on inflation.

Investors should make a consorted effort by the Government to understand the objectives, principles and visions, and should not be afraid of the government in Dubai, and the agendas.

In the view of most property experts, "Who now to the market in Dubai would be the best advice, based on the long-term rent for attractive returns and stable property price appreciation. Those who want to purchase immediate income should be well situated resale or completed housing stock in the vicinity of the central locations or town houses and villas in attractive residential communities and / or slightly different from international schools. "

All in all, one can safely assume that Dubai is in any case an economic and property to the value of investments in the sector in the long term and short term.

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