Friday, October 31, 2008

Real Estate Investment In Dubai For Expatriates

In 2006, statistics revealed a surge in Dubai's population from 1.130 million to 1.422 million. This feat took barely a year to achieve- notwithstanding the number of tourists who visited the country.

In 2007, there was a total population of 4.48 million people noted in Dubai with expatriates numbering a whopping 3.62 million.

The numbers speak volumes for the expatriate population currently residing in Dubai. Engaged in everything from construction to banking and menial labor, the expatriate community in Dubai is a growing one and very lately, thriving as well.

The lure of high salaries and world-class amenities are perhaps some of the major attractions for this section leading them to purchase U.A.E. residential properties as well as commercial property in Dubai.

SkyDome Properties has noticed a demand for locations with villa projects like Al Reef Villas and the regional theme villas in Jumeirah Park. Exclusive addresses in Business Bay like Churchill Residency and Emirates Park Towers and even those in the recreation and sports-intensive Dubai Sports City find a mention in the skyscrapers favored by expatriates.

From the earlier economic boom in Dubai to the present stagnancy, expatriates are loathe to let go of the dream that is Dubai. At the rate at which the population is matching strides with the growing availability of
property investment in Dubai, there will be no problem finding accommodation suited for any and every pocket.

Get in touch with
SkyDome Properties for absolutely reasonable deals on investment property in Dubai.

Image courtesy: Flickr

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