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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.
Gulf Navigation signs AED145 Million contract with GlencoreGulf Navigation Holding (GNH), the region's rapidly growing oil and chemical carrier and ST Shipping and Trading, Switzerland - based Glencore's shipping arm, one of the largest oil trading houses in the world, have signed a time charter agreement for three ships at an approximate value of USD40 million (AED145 million). . read more. Over 90 per cent got jobs under rural employment schemeNew Delhi: More than 90 per cent of job applicants have been given employment under the national rural employment guarantee act, the Rajya Sabha was informed today."Out of 7,328,551 persons who have demanded employment (under the NREGA), 6,886,729 have been provided, which is 93.97 per cent," Minister of State for Rural Development Suryakanta Patil said in a reply.The Minister, however, admitted that a range of factors, such as state elections and shortage of staff and training, did slow down the progress of the rural employment programme in certain areas initially.But progress considerably improved after separate funds came in provide training for the programme, she said."Besides, instructions have been issued by the Central government from time to time for effective implementation of the act by the states." Sanitation: The Delhi government has made no request to the Centre to be part of its total sanitation campaign (TSC), Minister of State for Rural Development A Narendra said in a reply.The campaign is, however, under implementation in 559 rural districts across the country, he said."All the remaining districts in the country will be covered during the eleventh plan." Jharkhand Roads: The Jharkhand government has spent Rs 64.78 crore out of Rs 170 crore of the Central allocation in 2005-06 under the Pradhan mantri Gram Sadak Yojna, the Rajya Sabha was informed.In 2004-05, it spent Rs 95.08 crore out of Rs 110 crore on rural road-laying under the scheme, Patil said. read more. Dubai Bank continues Emiratisation recruitment and training ...A group of ten UAE graduate Nationals were recruited at Dubai Bank through its National recruitment program, Ar-Ruwwad. The group will be placed on a one year training and development program that will prepare them for careers in banking. Following HH Sheikh Mohammed bin Rashid Al Makhtoums Directive on Nationalization, Dubai Bank introduced its National recruitment program a year ago. Dubai Bank has already completed the training for its first group of trainees that have graduated and are now working in the Banks various business divisions.The training model to be used for UAE National development will consist of a combination of classroom and on-the-job based training interventions to equip participants with knowledge and skills required for a banking career.Mr. Abdul Aziz Al Muhairi, CEO of Dubai Bank recently met the new recruits and encouraged them to be diligent, and to make maximum benefit of this training opportunity. read more.
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