Dubai Property Market attracts Indian Investors

A growing number of investors from India are showing interest in Dubai as they look to capitalise on 60 per cent savings per square foot in the Dubai property market, a Dubai-based real estate company has said.

DAMAC Properties said in addition to the price disparity, Dubai’s property market is becoming increasingly attractive to foreign investors due to the implementation of a raft of new regulations, such as the new Strata law, which favours home owners.

“As these new tougher and more stringent regulations take hold, Indian investors are looking to take advantage of the plethora of investment opportunities that exist within the emirate’s real estate market,” it said in a statement.

At an average price per square foot of USD 264 in Dubai, according to Colliers International, property is now 60 per cent less expensive than in central Mumbai , where the price per square foot is USD 664 according to Jones Lang LaSalle .

DAMAC Properties Senior Vice-President Niall McLoughlin said: “At DAMAC Properties, we have seen a marked rise in interest across our Dubai portfolio from Indian investors; in January 2011 we had double-digit growth in enquiries on the same period last year.

“Not only are we seeing a surge of interest from potential Investors from India but also from other emerging markets such as sub Sahara Africa and China who are looking for quality assets, at competitive prices.”

According to McLoughlin, even though confidence was shaken following the global slowdown, the introduction of new regulations in Dubai gives property buyers more security over their investments. DAMAC Properties has also welcomed the return of liquidity into the mortgage market, which it cites as another major factor in the revival of the emirate’s real estate sector.
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Housing Trend 2011 - City Centre Living

Advantages of City Centre Living

One of the great advantages of living at the centre of town is access to entertainment. The city offers many advantages that living other places does not. They include public transportation and optional car ownership as well as access to entertainment and culture. There are also multiple locations to enjoy sports and recreation.

One advantage to moving to the city centre is that owning a car is an option rather than a necessity. Living in the flats to rent in Manchester gives convenient access to public transportation. In rural areas and outside the city centre, public transportation is limited. A car is a necessity even for basic things like getting to work and the grocery store. In the city centre, even if public transport is not running, walking anywhere you need to go is an option.

Living downtown gives convenient access to entertainment. In Manchester for example there are numerous venues for arts and culture. There are also children's entertainment, cinemas, the City of Manchester Stadium Museum, comedy clubs, folk music venues, guided tours, Jazz and Blues venues, nightclubs and cabarets. There are also parks and gardens to enjoy.

In addition the city centre living offers access to sports and recreation. Sporting facilities are conveniently located for dwellers in downtown areas. Manchester offers facilities for almost any interest. There are locations for angling and fishing, scuba diving, aviation, badminton, boxing, canal cruising, climbing, mountaineering, cricket, bowling, in line hockey, rugby, personal trainers, shooting and guns, wrestling, yoga, skating, rugby football, billiards, walking, softball, skiing, paintball, martial arts, Laser Quest, lacrosse, running, squash, hot air ballooning, gymnastics and acrobatics, football, golf, cycling, indoor karting, and horse racing just to name a few. There is something to satisfy every interest.

Types of Housing in the City Centre

There are several housing options if you're thinking of moving downtown. There are multiple hotels that offer extended stays if you are only visiting for a short time. You may rent a room for a single day or by the week. These rooms are furnished and include maid service. They usually do not provide some facilities found in a house such as a stove or full-sized refrigerator.

For those who are certain of wanting to live in the city centre long-term, there is the option of purchasing a home. There are many houses and townhomes with convenient access to everything the city centre has to offer. For most people though, for city living, renting is the best option. The flats to rent in Manchester offer those interested a taste of city centre living without the commitment of buying a house or townhome. This option gives the most flexibility and freedom. Lease terms can be negotiated to vary from months to years. Experiencing a city and finding the perfect location to live permanently can take more than just a short stay. Renting a flat first for a period of time can offer even prospective buyers an advantage.
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