Expatmoney UAE Issue 1

Page 44

UAE property

ERE Homes Agent

M

oving to a new country can be a daunting experience. Rules, regulations & general processes can differ greatly all around the world. The most important part of your move would be finding the right place to live. Dubai has been an investment hub for many for over ten years now and with the economic crisis from 2008, people coming and going, changes in law in regard to your rights as a landlord, tenant and/or seller and the general market conditions it is difficult for property owners to keep informed especially if they are not a resident of Dubai. Dubai is now recognized as a very important hub in the MENA region, why is this? Well, there are many reasons but in short, with the economies now booming in MENA and Asia and with the still current economic conditions in the west more and more

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United arab emirates

companies and looking to ‘setup shop’ in Dubai as it’s a central location to both MENA and Asia. Dubai has been identified by the majority as an ‘easy’ place to operate with its good lifestyle and current tax free status. Of course it’s clear, for anyone who has visited Dubai there is much to offer and to all different types of people. Whether you are living here alone, as a couple or a family there is something for everyone. The weather, for the most part is good and mostly sunny, for this reason and the attractions, tourists flock here in their millions every year and people are relocating to ‘greener pastures’. With the increase in companies operating in Dubai the demand for real estate is increasing greatly every day. We have seen over the past 2 years a massive rise in rental rates and selling prices and with this comes a more clear


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