The Emirate of Dubai is one of the seven emirates comprising the United Arab Emirates and its biggest and best developed city. Dubai is situated along the Persian Gulf and in the past it has developed economically, because of its rich oil fields. However, nowadays Dubai is one of the most popular tourist destinations in the whole world and that is why tourism development, financial services and large-scale construction projects are crucial for its economy.
What makes Dubai an exceptionally attractive and sought-after destination is the fact that it is a tax-free city, with no income or capital gain tax. That is why people from all around the world decide to come and work in the city, as well as invest in properties in Dubai. Besides, foreign buyers and investors are attracted to buy apartments and villas in Dubai due to the various Free Zones in the city.
Furthermore, Dubai is accessible without any difficulty by direct flights from all the major cities in the world. The emirate is well-known for its tremendous shopping malls, five-star luxury hotels, warm beaches and pleasant climate throughout the whole year.
Dubai property market is open to investors from all around the world, unlike local stock market, which means greater liquidity and more funds in the marketplace. Moreover, the rich property portfolio in Dubai offers prodigious scope for diversification of risk into diverse property types, locations and rental levels.
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