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3 Reasons to Invest in Dubai Investment Property
Dubai one of the states in the United Arab Emirates (UAE) seeks today to move away from its traditional oil dependence to a more balanced one based on tourism and services. As a result, its economy has grown with more and more tourism resorts coming up to meet this aim. This article will list three reasons why you should invest in the Dubai today. Firstly, Dubai as mentioned earlier is becoming a services hub and in particular a financial services hub, there is going to be an increase in the number of foreign professionals who are flocking there to work and with a high pay and tax free status over there, the average rental yields of properties there is above the average. Currently the single room studio apartments are doing the best in terms of rental since the expatriates that work in Dubai tend to be single individuals so this would be a great real estate investment tip to note if you intend to invest in Dubai.
Secondly, the cost of Dubai property relative to international standards is still very low and as a result the chance of a large capital appreciation increase is very high. Coupled with the bullish take on rentals as mentioned above, the prices of your real estate investment in Dubai will be set to soar in the next few months. The reasoning cited by some real estate professionals is that when US and UK sourced money starts flowing into such properties, the value of the real estate will reach international standards and you would make a handsome profit from the capital appreciation. Thirdly, there is currently a Disneyland attraction being built there and this would result in an increase in tourist visitors to Dubai. If your property is located near Disneyland, there is a chance that you will be able to rent out your property to people going there on holiday. As for problems with rental collections, most real estate companies double up as property mangers and developers so they will be able to handle most of the payment collections on your behalf. In conclusion, Dubai represents one of the emerging markets where your investment dollar may make a lot more. Spending some time considering whether you want to investment in Dubai property may be worthwhile when considering the potential benefits involved. By Joel Teo 2006 All Rights Reserved Joel Teo runs the property investment article directory that can be found at The Property Investment Resource site.
Canny thieves make a mint out of scrap metalAt about 4.30 every morning, the residents of one west London street are woken by a man raiding the skip outside a renovation site. He is searching for any scrap metal he can find - from the copper in old wiring to lead piping. Salvaging metal from building sites has become a competitive business. Everyday Nick, whose job is to lay lead on roofs, picks up about £15 worth in lead scrap, which he takes to a local merchant. There, he and fellow workers turn in any metal they find - in one case an old copper pan - just for the scrap value. . read more. ICC aims to end Zimbabwe cricket impasseDubai, Aug 2 (IANS) The International Cricket Council (ICC) is trying to work out a time table to bring Zimbabwe back to the Test match fold after its top officials visited the country and met the stakeholders of the board. At the end of their four-day visit to Zimbabwe, ICC president Percy Sonn and chief executive officer Malcolm Speed said Wednesday that they would give their feedback to the ICC's executive board meeting in November. 'We met with Zimbabwe cricket's interim committee, the Minister for Education, Sport and Culture Chigwedere, the national team's captain and coach and other stakeholders,' said Sonn. 'We were grateful for the opportunity to listen to and speak with everyone we met and, thanks to those meetings, we have a better understanding of the issues facing cricket in Zimbabwe,' he added. read more. New design talent in office interiorsThe latest newcomer on the Dubai design circuit is 26-year-old Tanya Gyani. She has arrived from India to take on the role of senior designer for OFIS and head up a turnkey service for office interiors. Keen to get involved in the escalating office industry she is confident that there is a real requirement for this type of service in Dubai. It is important in office design to understand the real needs of the client. Do they sit at computers for eight hours a day? Is their work focused on communication? I can translate these needs into tangible spaces. If space planning and office design caters properly to the client, productivity will increase. Gyani describes her style as being inspired by nature and organic elements. In terms of materials, natural light is an inspiration. I aim to provide soft, comfortable spaces using pastels, light woods, semi-lustrous metals and fluid forms. read more.
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