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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.
Finding fun in Islamic world"How do you know you're a Muslim?" the Egyptian American comedian asked, recalling one bit that worked in Dubai, in the United Arab Emirates. "When you drink, gamble and have sex -- but don't eat pork." Ba-da-boom. "People there laugh at the same things we do," Ahmed said, ticking off a list that included dating, religion, airport security and getting into nightclubs. Not to mention George W. Bush. Comedy does indeed exist in the Muslim world. But, as suggested by Albert Brooks' recent film "Looking for Comedy in the Muslim World," stand-up is still a rarity in Muslim countries. Films, sitcoms and talk shows have been making Muslims laugh for decades. Newspapers, magazines and theater troupes dish out political satire and poke fun at celebrities and the wealthy. read more. Science of Sport: Enhanced altitude simulation comes to AucklandAn innovative programme delivering health, lifestyle and sporting benefits was launched in Auckland today (Thursday 3 August) by entrepreneurial company io. From its high-tech centre on Mount Eden Road, io delivers its unique altitude simulation programme, which will soon be available through a network of centres around the world. Current programme users include several All Blacks, the Auckland Blues, mountain biker Scarlett Hagen and free dive champion Ant Williams. Building on an investment in a former altitude simulation company, Chief Executive Michael Lodge and Chief Operating Officer Edward Lodge have enhanced and honed nearly every aspect of altitude simulation over the past 12 months. At the io premises, state-of-the art technology, purpose-written software and sophisticated high altitude air delivery has taken altitude simulation from the realm of elite athletes and made it available to everyday people seeking lifestyle, health and sporting benefits. read more. Nepalis stranded in DubaiA Nepali social worker in Dubai, Shyam Sharma, informed Nepalnews that the brokers brought them to Dubai after taking Rs. 150,000 per person giving assurance of good jobs in Iraq. The brokers had assured them to take them to Iraq via Dubai. The brokers fled after keeping Nepali workers in Rasalakhai city of Dubai. Of the stranded workers, five Nepalis, who were languishing in the city, said they did not even have proper arrangements for food. Stating that the number of Nepali people being cheated is increasing every day, Sharma advised the government to correspond to the concerned embassies not to issue visit visas to Nepalis and if anybody wants to go to the Arab countries, they should not be allowed to go there without having US dollars 1,000. Though the government has been banning foreign employment in Iraq, many Nepali go there via India with the hope of earning more money. read more.
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