Dubai,property,great,credit,cr DIY Dubai property a great credit crunch investment
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It is a known fact that financial marketsall over the world are facing a recessionary trend. Property prices all overthe world are showing negative growth because credit is hard to get. One marketthat has remained unaffected by this credit crunch is the Dubai property market. Development ofproperties is growing at an unprecedented pace, and most properties underconstruction will not be ready for occupation until 2010. Many large investorsin the world still look at the Dubaiproperty market as the most profitable investment. Also, no negative impact isseen in property rentals and resale of properties. Most people felt that investment in Dubais property was abubble waiting to burst. They were proved wrong, as Dubai is still considered to be the one ofthe most lucrative and the safest places for property investments. One of themain reasons for this is the ever growing property resale market. The propertyresale market is growing at a steady pace, and refuses to show any signs ofnegative growth. People investing in Dubaisproperty market are brimming with confidence as they are confident of gettinghigh returns on investments made on property. People estimate that prices ofproperties under construction will increase by at least 25 percent, and thosecompleted will increase by at least 50 percent. All this makes Dubai property agreat credit crunch investment. Dubai no longer has larger oil recourses, but lets not forget that itmade huge money when it produced oil. The enormous amount earned by exportingoil is finding its way into the property market of Dubai. Property construction is developing sorapidly that it is hard to find a block where no construction is taking place. One of the most talked about and happeningprojects is the one coming up at the Island of Ireland.If you looking to invest in penthouse suites, beach-facing homes and villas,then the Island of Ireland is the placeto invest. Apart from Villas, Suites and Penthouses, you will also find restaurants,spas, cafes, boutiques and all other facilities that you can dream of. Thetotal project area of Island of Ireland is over 225 000square feet. The Island of Irelandis not the only place you can invest in. Palm, which is situated at Jumeriah,is another investment hot spot. The project is in the shape of a huge date palmand is man-made. To build this giant date palm more than hundred million cubicfeet of sand has been used. Palm is being constructed in the area between thegulf and the mainland. Once the project is completed it will address the problemof the shortage of beaches in Dubai.A monorail has been set up to take people to the Palm. Famous personalitieslike Michael Owens, Joe Cole and David Beckham have bought properties here. Property prices in Dubai have gone up more than 10 times in lastsix years. There is an unprecedented rise in demand for ready-to-occupyproperties, which has resulted in a shortage of these properties. This hasresulted in the demands of many investors remaining unfulfilled. With peoplepredicting that property prices will increase further, there are no signs of a slowdownin the Dubai propertymarket. So if you are looking for investments with assured returns then Dubai property market isthe right place to invest.
Dubai,property,great,credit,cr