The real estate industry is becoming more and more diversified every day.There is a constant search for flats, apartments, and offices.There will always be a demand for these properties.Your desires and needs can be met in a fascinating way as a result of the real estate industry.Building a dream house is one thing, but there should be someone to fulfil it as well.Having a wide network of contacts provides a niche for real estate agents.Would you like to know the truth about the real estate industry?
Dubai’s real estate industry has gained significant attention and undergone rapid development over the past few decades. Here are some truths about the real estate industry in Dubai:
Booming Growth
Dubai has experienced a remarkable real estate boom, with impressive infrastructure development, iconic skyscrapers, and luxurious residential and commercial projects. The city has attracted investors from around the world, seeking opportunities in this thriving market.
Land Ownership
In Dubai, non-UAE nationals are not allowed to own land outright. Instead, foreign investors can purchase properties in designated freehold areas or through long-term leasehold arrangements, usually lasting for 99 years. These freehold areas are carefully selected by the government to promote foreign investment.
