Dubai ranks among the top cities in the world in terms of quality of life, friendly business environment and investment opportunities. The real estate sector in general and the residential sector in particular, ranks first in investors’ preference and attracts a sizeable part of the direct foreign investment capital.
There are a lot of reasons that contribute to the fact that residential real estate is in the forefront of the global investors’ interest
The government of Dubai has designated a large part of the city and the surrounding suburbs as “freehold areas”. The real estate in the freehold areas is available to all investors regardless of their immigration status. Dubai Land Department (DLD) is the governmental body that regulates and controls the real estate sector through its executive arm the Real Estate Regulatory Agency (RERA).
All prospective real estate investors are strongly advised to employ one of the real estate agencies operating in Dubai and make sure that said agency is registered with RERA.