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Investment Property Costa Spain Hotel For Sale
Clichéd as it may sound, it is not easy to attain a healthy and hearty balance between western influence and eastern tradition. Dubai, with an ethnic mix of 65% Asian, 18% UAE nationals, 13% Arab Expatriates, and 4% others, seems to have successfully managed this – something that many other Arab cities have failed to achieve. The city’s visionary development is proof positive of an open-minded outlook even though it has managed to stay culturally rooted in the Islamic traditions that deeply penetrate the Arab peninsula and beyond.
Dubai Surroundings
When it comes to jaw-dropingly vast new builds, this city with its driver-less metro trains just can’t help itself. Dubai has built the most spectacular and expensive skyscraper; funded and built record-breaking, man-made islands in the shapes of palms and whole planets; and constructed mammoth-sized theme parks including a replica of The Forbidden City.
Real estate in Dubai has been in the spotlight for sometime now. The last few years have seen an unprecedented growth in the number of investors in the United Arab Emirates especially targeting the cities of Dubai and Abu Dhabi. The property market has seen a large growth causing rents in these cities to sky-rocket. For many, this has been a good reason to look for an alternative in the form of buying and owning a property in UAE. Also, the UAE is very attractive from a tax perspective with no income tax or capital gains tax and the government is committed to retain the current tax structure for at least the next 50 years.