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Dubai Property
Dubai property was only available for UAE nationals and for nationals from one of the GCC countries until recently. Property Ownership in DubaiFortunately the situation changed in regards to Dubai property ownership laws and regulations when the Crown Prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, changed the old laws in 2002 so that people from other countries could also purchase and own a piece of Dubai property. This of course gave a welcome influx of foreign currency when the Dubai real estate market opened up and many foreigners started purchasing Dubai apartments.Dubai Real Estate for ForeignersThe Dubai property ownership laws were changed so that foreigners would be able to buy certain Dubai real estate objects on a freehold basis. The boom in the Dubai real estate and property market that followed the change in the Dubai property laws was remarkable.Dubai ApartmentsDubai apartments and Dubai villas have both been popular Dubai real estate objects among foreign property buyers. Some of the most popular Dubai real estate properties have been the large and new developments that were recently constructed in Dubai include the famous Dubai Palm complex as well as the world class Dubai marina and the Burj Dubai. These real estate developments have been some of the most successful Dubai property developments so far.Dubai Property and Residential VisaObtaining a residential visa for Dubai has not always been very easy. Many of the next Dubai property developments such as the ones mentioned above have also started advertising that they will arrange residential visas for all buyers of one of the real estate units.Dubai Exclusive Property DevelopmentsTwo of the most exclusive Dubai property developments have been the Jumeirah Beach Residence which offers coastal real estate units for those buyers who enjoy living along the coast and another upscale Dubai real estate project has been the extremely exclusive Emirates Hills property.Dubai Real Estate Agents
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