According to the recently published reports of the consulting company Knight Frank, Dubai acquired the status of a "safe economic harbor", which directly affected the growth in demand for real estate. In the company's latest report, the reasons for the global demand for real estate in Dubai were identified, according to which, according to surveys, buyers from around the world are ready to invest in foreign real estate. The main, most important reason 47% of respondents noted the economic stability of the region. The ranking is headed by Dubai and Monaco, where the growth in demand for residential real estate is especially noticeable. Along with a high degree of protection from "economic complications", the Dubai real estate market can also offer investors a significant return on investment in the long term.
For example, the growth in property prices in Dubai per year is on average up to 20%, while New York - 13.6% and Monaco - 8.2%. Among other reasons affecting the popularity of real estate in the region, stability of the national currency and ease of doing business are mentioned. For businessmen, the presence of free economic zones and the absence of taxes make it easy to do business in Dubai. As for the national currency, in the UAE, as in other oil-producing states, the exchange rate is pegged to the US dollar and has remained unchanged since 1990.
In addition, Dubai is also a resort area and year-round holiday destination, which affects the constant increase in prices for the purchase and rental of real estate, especially in coastal areas. This makes investing in residential real estate units and service apartments a very profitable investment. Recently, the international exhibition Cityscape Global 2013 showed an increase in popularity for the acquisition of real estate in Dubai. So, this year the number of visitors to the exhibition increased by 53% compared with 2012 and amounted to more than 30 thousand people, or potential investors.
Speaking about the results of the Cityscape Global 2013 review, Oleg Lavrik, IMEX Real Estate’s managing partner, said: “I am very pleased with the results of the exhibition - I was pleased with its scale, the number of visitors and the interest in our portfolio of real estate and investment proposals of our company.
This year, at the exhibition, we presented several new proposals of new projects from the largest developers that were just launched on the market. Among the new ones were the ultramodern hotel complex Viceroy Dubai Palm Jumeirah, a residential project on the “trunk” of the “palm” island of The Residence, as well as a novelty from the Nakheel company - Palma Residence. Unflagging interest in popular, already commissioned projects - Oceana Residence, Kempinski Palm Jumeirah Residence, Jumeirah Beach Residence and housing in the Dubai Marina area "pleased me. Despite the fact that the exhibition is aimed at professionals in the construction and real estate markets, at the IMEX Real stand Estate visitors received professional advice from company specialists in the selection, purchase, sale and rental of residential and commercial real estate and legal support of transactions.
The company's consultants answered questions about service and after-sales services, announced new services offered to the company's customers this year. Of course, the growing popularity of Dubai as an investment area is associated with the exceptional simplicity of registering real estate. In the world ranking Doing Business, Dubai Land Department was named the fourth best organization in the world for ease of registering real estate. A year ago, Dubai took 12th place in this ranking and the reason why it managed to rise by eight positions was the innovation that facilitated the registration of real estate and measures to protect the rights of investors introduced by the Dubai government.
The range of services provided by the Land Department has expanded significantly, and for clients there are many opportunities for online communication with representatives of the registration authority. Real estate transactions have become easier; a real estate dispute resolution department has emerged. The implemented registration mechanisms allow real estate transactions in less than half an hour. The investment attractiveness of Dubai for the next few years may increase due to the victory in the competition for the world exhibition "Expo 2020". According to preliminary estimates, over the six months of the exhibition, Dubai could attract 25 million tourists.
Since 70% of visitors to the exhibition, according to government estimates, will come from abroad, holding Expo 2020 will require the commissioning of 45 thousand hotel properties, as well as a new grand exhibition center. The Dubai Committee for Roads and Transport has already stated that if the emirate wins, it will accelerate the implementation of the plan to expand the Dubai metro network. 
You can get any additional information about the acquisition and management of your property in Dubai from IMEX Real Estate specialists by phone in Moscow +7 495 5100008, toll-free phone in the UAE 800-IMEX (800-4639) or by sending a request by e-mail info @ IMEXre.com.
