Fujairah has three ancient castles situated within 15 km of the city, the first Fujairah Fort is a massive mud brick castle that was built in 1670 and was fully restored in 2000. Al Heil Castle is a more modern structure that has been used as a castle by the rulers of Fujairah as well as being used for defence of the surrounding area and as a vantage point for surveillance in years gone by. Al Bithnah Fort was built in 1735 at a strategic location to guard the main passage across the Hajar Mountains through the Ham Wadi; it has long been considered the most important fort and castle in the eastern region of the UAE. 30 kilometers north of the city of Fujairah is the 400 year old Al Bidya Mosque this mud brick structure complete with several domes is an engineering marvel of its time and well worth a visit.

There are several beautiful waddies throughout Fujairah those of us in the West would think of them as oasis complete in many cases with waterfalls. The waddies are well worth a visit and many people choose to take four wheel drive adventure tours that take tourists on tours through the desserts of Fujairah and on to the waddies.

Ain Madhab Park is a resort and 50 hectare landscaped garden in Fujairah that is a popular attraction for families who enjoy the tranquility of the beautiful gardens and resort. Ain Al Ghamour 20 kilometers south of Fujairah city in the mountainous area of the emirate has natural springs that reach 60 degrees Celsius and are bathed in by people for their therapeutic properties, rheumatism, arthritis and back pain are all said to be relieved by the waters.

Fujairah’s coastline is pristine and the climate in the emirate is perfectly suited to water sports and activities. There are numerous reefs off the coast of Fujairah that attract divers and recreational fishermen from all over the world. Water sports of all kinds are available in the emirate from sailing to jet skis and everything else imaginable. Fujairah also hosts the Power Boat Racing World Championship every October.

Sandcastles UAE Property offers a wide range of Fujairah property for sale.
Why not buy Fujairah investment property and take advantage of one of the worlds premier investment opportunities?

Article Source: http://EzineArticles.com/?expert=John_Hill

All these attractions for the city mean that it is a great place for investment in the real estate. Already the real estate scene in UAE is thriving and the attractions that Sharjah poses makes it even more lucrative.

If you really want to invest in real estate, and you want to get some extra funds your way, mortgage is the thing to do. Considering the current trend in property investment, the value of any property increases by about 5% every year. Although this rate varies from time to time and depends upon the property, if you are investing in Sharjah, you can rest assured that you will gain a lot. Rental property is a very good thing to invest in when it comes to investment in Sharjah. There are many people who come to Sharjah for a vacation and therefore investing in rental property is a good thing to do. This makes it a very good prospect in the investment business. This kind of investment in Sharjah is sure to fetch you very good returns. In case you want to go for investment, you can stick to investing in vacation rental property.

If you rent a property in Sharjah, then you will face certain limitations. You will not be able to do what you want with the property. However, in case you buy a property in Sharjah then you have free reign to do what you want with it. Although certain minute changes in the property that you rent, any major change in the property is out of bounds. When you actually own a property in Sharjah, you can make any change in the property. However, you need to get the approval from a planning office. This opportunity can be used very well if you are able to use it to your advantage. You can make some changes that will enable you to raise the rent of your property.

The next part that you need to think about is how you will finance your property. In fact, there are many people who even mortgage their property in order to finance their property in Sharjah. However, you must take into account your own financial status before going for the mortgage. If you are not careful enough, then one bad step can culminate in the loss of your property.

When it comes to the property, you will be spoilt for choice when it comes to Sharjah. It offers you everything from a one or two bedroom apartment to an entire house. Even a villa is not out of bounds if you have the budget to buy it. You can choose from a normal villa to a beach front villa. You even have the option of investment in property for office use.

If you feel confused with all the options that are available when it comes to investing in Sharjah, you can seek the help of a real agent. They will give you all the necessary information about the legal procedures when it comes to investment in Sharjah.

William King is the director of Dubai Property & Dubai Real Estate, Pakistan Property & Pakistan Real Estate Properties Portal and Wholesale Suppliers Dropshippers & Dropshipping Wholesalers Directory. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

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However, according to many surveys conducted, the UAE real estate market, and few other markets such as the Asia Pacific, will not be affected to a great extent, and continue to draw investments.

Dubai real estate boom began in 2002, When the government of Dubai started permitting foreigners to invest in real estate, and this trend has lead to a series of real estate boom across the region. The GCC mortgage market, chiefly the UAE, experienced enormous growth over the past year, encouraged by the real estate boom.

Various experts have forecasted that mortgage market in the UAE will observe a major leap from Dh.20bn by the end of 2008 to Dh.64bn within the next three years, with Sharia-compliant house financing share to more than 60 percent of this figure.

Good news for a Dubai realtor is that the centre of current financial Crisis is US and Europe and as far as UAE is concerned its economy does not suffer as much as Europe and America mainly because of oil wealth and dynamism in the economy. Moreover the future prospect of real estate market of Dubai is quite good for 2008 and beyond because of the fact that there is intense and ever growing demand for real estate in Dubai with almost 5,000 new families moving their base to Dubai every month. This is the area where, supply cannot keep up with demand, which in consequence increases rental rates charged and of course the underlying value of completed resale properties.

Daniel Marshell is senior real estate consultant associated with Better Homes, a leading real estate firm in Dubai, UAE. He has more than 25 years of first hand experience of working in Dubai Real Estate Market. He deals in buying and selling of commercial and residential property in Dubai along with long and short term rental in Dubai and its suburbs. His firm Better Homes UAE also offers online real estate services in Dubai. For more information about Daniel and his associated firm please visit Better Homes.

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The benefit of buying off-plan is that re-sales command relatively high premiums therefore reducing any profit margin in the investment considerably.

Who Can Buy?

Any investor, overseas or resident, can purchase in Dubai’s luxury property developments.

Home Financing

If you are looking for home financing options in Dubai, most developers offer finance packages. However, Tamweel is certainly one of the best options. Tamweel offer a wide range of products for you to choose from. Tamweel finance properties that are ready to move into, as well as those that are under construction. They will even pre-approve your loan before you start looking so that you will know exactly what your budget is. In addition, Tamweel offer you the option of owning the property outright, or leasing it from them with an unconditional offer to own it at the end of the lease period – whatever suits you better. All of their products have been designed keeping your individual needs in view, especially the need for stability and peace of mind, and that is what makes us sure that they have a solution that is just right for you.

Payment Terms

In general, a deposit representing 10% of the buying price is required at the contract-signing stage for all new development properties. This is followed by what are known as stage payments that are made at regular intervals through to completion. Contact us for project-specific details.

Bank Accounts

Buyers do not need a local bank account to arrange purchases, though these can easily be arranged through our partners in Dubai.

Appreciation

Property prices in Dubai have experienced considerable growth, and are forecast to remain this way for some time. This can be clearly seen if comparing current prices with those of 6 months ago. Like all investments, however, property prices can go down as well as up.

To Buy on the Secondary Market or the Resale Market:

If during the construction stage of a property a second party wishes to purchase the property from the owner then the process is straight forward.
The buyer pays the owner an agreed sum which includes those payments the owner has already made to the developer and any premium applied by the owner.

Exchange of contracts with owner at the developers head office usually within two week period.

The developer will then charge a percentage of the original price of the property (typically between 2% to 7%) to reissue the PSA with a new name on it and update their title records. This must be done either in person or with the buyer’s authorised representative. The whole process takes a matter of minutes.
Contract re-issued in buyers name – there is no legal representation for either party or any stamp duty implications.

The buyer will then continue to pay the remaining instalments to the developer as laid out in the PSA.
Commission, typically 2 to 3% is paid to the agent.
The transfer fee is paid by the purchaser.

What exactly is freehold in Dubai?

Purchasing a freehold property in Dubai now means that you own the property forever or until you decide to sell it. You are allowed to pass this property to your family for example, and they enjoy the same level of ownership as you do.

Most important for investors, your resale rights are guaranteed, as is your freedom to rent out your property to a third party, though some restrictions apply to individual developments.

You should note that although these are freehold properties, some conditions on their owners apply, because they are “private community” developments. These conditions will restrict what owners can do with their properties, and oblige them to maintain their properties to certain standards, according to the themes and quality of the communities.

When buying an apartment, the nature of ownership is different from that of a villa, because an apartment is a unit in a building. These are normally classed as “common hold”. Sale agreements for apartments do, however, usually warrant effective full ownership of the unit, subject to restrictions applying to the building, such as renting out the unit, and making modifications.

Where can you buy freehold properties?

Most property developers in Dubai offer freehold, but so far most of the freehold developments have mostly been limited to the Sheikh Zayed Road, and the area of Jumeirah (including Palm Island). However, exceptions to this include the Arabian Ranches and Emaar Towers in downtown Diera. Other future developments include Nakheel’s International City project.

What about buying in other emirates?

So far, the UAE as a whole does not have laws regarding the sale of freehold property to non-GCC nationals. Each emirate makes its own property laws, as Dubai has done. Recently Abu Dhabi announced the availability of freehold, limited to “surface rights” for non-GCC nationals in the Al Raha beach area, outside the main city limits. Ras Al Khaimah, in the north, has created a similar development. The other emirates are expected to follow suit, but there have been no definitive announcements at the federal level yet.

Are property owners eligible for residence visas in the UAE?

Many developments give you the opportunity to gain a residency visa through purchase. Read about Procedures for obtaining a residence visa in our articles under Immigration.

Property Law

The freehold property market in Dubai really started in 1998 when the Dubai Marina project was launched. At that time there was no freehold property law, and villas were sold “leasehold”, on 99 year leases. In 2002 a decree was issued by the Dubai government granting freehold rights to non-GCC nationals (The GCC is the Gulf Cooperation Council, comprising Saudi Arabia, Kuwait, the UAE, Oman, Bahrain and Qatar.) This provided the impetus that has led to the size and dynamism of Dubai’s property market today.

Dubai Residency

The Government has stated that a special category of residence visa will be granted to people buying ‘foreigner’s’ properties. The visa will allow a purchaser to live, but not work in Dubai. The arrangements for granting, and the terms of the visa, are at this time unclear.

Only the Government of the UAE can grant these visas, not the developer or estate agent.

http://www.gulfbusinessguide.com

Article Source: http://EzineArticles.com/?expert=Michael_Cain

Al Nakheel Properties:
Nakheel Corporation is the most prominent developer in UAE. Their trademark work is the land reclamation projects they have carried so far. Palm Trilogy, The world or Dubai water fronts, each of them is a milestone, achieved by no other company as yet. Other notable properties include Jumeirah Lake Towers, The International City or Jumeirah Village. Nakheel’s vision has provided Dubai with the much needed edge in design and structures over other parts of the world.

Emaar Properties:
Regarded as the largest real estate company of UAE, having projects like Burj Dubai (anticipated to be the tallest man made structure in world), Dubai Marina, “Emaar Misr” and “Emirates Livings” on their portfolio, “Emaar Properties” means business for sure. The company is just 11 years old and already aiming at becoming one of the most valuable companies by 2010. Apart from UAE, Emaar properties has extend their business to more than 30 countries all over the world including Saudi Arabia, Egypt, Morocco, India, Pakistan, Turkey, USA, Canada and United Kingdom.

Damac Properties:
Another big name, Damac properties won the title in five categories of CNBC Arabian Property Awards 2008. They have a long list of residential and commercial units on their credit such as ocean Heights, The Waves, Burjside Terrace, Business Square, Solitaire, Damac Heights, Business Heights and Park Towers, all situated at strategically selected exclusive locations. Damac Properties are also appraised for their great payment plans and investment offers.

Dubai Properties:
“Dubai properties” is the name behind projects like Jumeirah Beach Residence, Business Bay (accredited as the best master development in Arabian Property Award 2008), Culture Village, The Executive Towers and Mudon. This company is a member of Dubai Holding, which belongs to the government of Dubai. The company is now looking to extend themselves internationally.

Dheeraj & East Coast, Deyaar, Tameer, Diamond Investments, ETA Star Property and Vakson Freehold Properties are some other chief developers actively contributing in UAE real estate market, which continues to get bigger and better.

William King is the director of Karachi Real Estate Property and UAE Dubai Property Portal. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

Article Source: http://EzineArticles.com/?expert=William_King

Oil & Gas reserves:

UAE has almost 10 percent of world’s oil (proven reserves), while the gas reserves amount to 4 percent of global reserves. According to Middle East government portal, these reserves can last well over 150 years. Recently when soaring oil prices took a toll on all and sundry, this part of the world remained mostly unscathed. Among the seven states, Abu Dhabi is the biggest producer, producing more than 80 percent of the total UAE oil and gas production. There’s hardly any chance that oil consumption and demand will go down in future, so the black gold will continue to fuel economic growth.

Construction & Real Estate:

Dubai has done remarkably well as far as real estate market is concerned. Grand projects like “The Palm”, “Burj ul Arab” or “The World” managed to draw investors from all over the world. Abu Dhabi and other states are also working in this sector. The demand will be much stronger than the supply even after the completion of ongoing projects. Real estate investors are now much more interested in UAE properties, after the credit crunch in US market, considering it a safer option than others.

High-Class Tourism Industry:

Biggest shopping mall, tallest building of the world, indoor ski resort, white beaches, deserts, man-made islands, some of the most luxurious hotels in the world, crime free environment, rich cultural heritage, international sports event, to sum up, UAE has got tourists attractions in abundance. Tourism industry contributes significantly in over all GDP and it will continue to do so in the coming years. Many development projects are in progress; world-class airports, bridges and other infrastructure programs are about to complete.

It’s not that UAE is somehow immune to whatever happens globally, but with ample oil reserves, strong real estate market, foreign investments and an exuberant tourism industry, UAE is better equipped to put up with such situations.

William King is the director of Pakistan Real Estate & Properties and Dubai Property Portal. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

Article Source: http://EzineArticles.com/?expert=William_King

The main reason why there is an up spurt of construction job in Dubai in particular and the UAE in general is that the construction work gets completed quite early here. The reason is that Dubai construction companies hire more laborers than what the western companies hire. In Dubai there is no dearth of human capital, you can easily find laborers, engineers and architects.

Since the year 2000, the Dubai’s municipality has started off a great number of plans across the entire city of Dubai; the major areas which have witnessed this growth are Mina Seyahi area, which is located toward the Jebel Ali and as further away from Jumeirah.

Dubai has about 16% of the world’s cranes. Not only is construction in the UAE and particularly Dubai a faster process, but it is also a much cheaper process compared to other western country. The reason why work gets completed at a cheap rate is that Dubai has access to laborers from the Indian subcontinent who accept lower wages as compared to other countries.

The main reason why the Dubai government is trying to focus on its construction business is because it does not want to solely rely on its oil reserves. The pi reserves of UAE are expected to get exhausted by the end of 2010 and as such in order to attract revenues it is trying to expand its commercial and corporate activity.

Tourism is also being promoted on a large scale with the construction of Dubai land, and other projects that include the making of huge shopping malls, park resorts and other major tourist attractions.

In Dubai the largest property tycoons are Al Nakheel and Emaar properties. In Dubai the demand is higher than what the supply can meet. The demand is not just more, it out beats supply by a significant margin. Recently the rent in Dubai has also increased considerably. The reason for this increase is the large influx of professionals and companies around the world, who are attracted by the no tax benefit of Dubai, although the rises have been capped to 15% per annum up to 2006, under the directive of Sheikh Mohammad.

This cap clearly shows that the bad effect of uncontrolled rise in rent. As the development process has just started the laws here are a still mawkish. The laws here do not match the international standards and are skewed towards the selling company.

William King is the director of Dubai Burj Dubai Property & Burj Dubai Real Estate, Karachi Real Estate & Property Directory and Electrical Good Wholesalers & Dropshipping Directory. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

Article Source: http://EzineArticles.com/?expert=William_King

Not that the earlier estimates were wrong, and UAE economy is deemed to go down with the recession, but then we are living in a global village and you can’t just detach an economy from those who are having trouble. All things considered, UAE may well be able to put up with the ongoing recession, but this economic unrest will definitely weaken the economy pillars.

Real Estate & Construction:
In past three years, we saw magnificent growth in Dubai real estate market. Properties were sold like hot cakes; mega projects announced one after another, land reclamation projects, world’s tallest buildings, huge shopping malls and what not. Is it over? You’d ask. Well, certainly not, however the things (e.g. property flipping) are going to calm down to some extent. Construction will not come to a halt anytime soon but will surely drop (you’d have been reading a lot about those 25 percent of world total cranes operating in Dubai, a few of these giant machines can have a break now). Same is the case with real estate prices, they will continue to rise but not at that maddening speed.

Financial Market:
Hardly anyone would have suspected it to reach UAE, but the financial crisis that started from US has been spreading like jungle fire. Even now, the situation in UAE is not that dismal by any means, and it’s unlikely to get that worse (oil exports will keep bringing in the much needed capital, particularly in Abu Dhabi). But the banks and other conventional lenders are already panicked, which has resulted in high interest rates. Unavailability of finance will most likely be a problem that Dubai government has to sort out (Dubai has recently got a huge financial aid from Abu Dhabi).

Tourism:
It’s not much of a brainteaser for anybody to realize that recession will have a negative affect on tourism industry, especially when most of the tourists coming to the Emirates are from regions that are believed to be the most affected ones (UK, America or Europe). Instead of spending on traveling, people will be looking to save more for tough times ahead. Among all Emirates, Dubai will be hardest hit by this plunge in tourism.

Generally speaking, the picture may not be that rosy in UAE but it will look a lot healthier when judged against the wobbling economies of US or Europe.

William King is the director of UAE & Dubai Real Estate & Property Portal and Karachi Real Estate & Karachi Property. He has 18 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements.

Article Source: http://EzineArticles.com/?expert=William_King

First of all, the current crop of construction projects are expected to be over in the next 5 to 10 years, which will force up to 50% of the UAE’s expatriates to go back to their homelands. The expatriate population will still continue to remain quite significant though, as the properties being developed now will mostly by bought by the offshore clients later. The projected scenario of the Gulf News article can only arise, if the authorities kept announcing more and more new projects in the years to come. This could again be called a distant possibility, as no nation can ever dream of having an endless growth.

However, some related issues of these demographic upheavals might require attention by the authorities sooner than later. For example, outsiders can buy homes and properties but no land on which they were made. This limits their ability to have a say in the matters of policymaking in the UAE. How long will they continue to stay and share their knowledge, time and wealth if disallowed to have even the basic rights of a tenant? Remember, the UAE and Dubai are heavily dependent on both the cheap and the highly skilled labor from other nations. The local economy will crumble immediately the day outsiders were asked to leave the UAE. Either the ethnic Arab community will have to be self-reliant or be ready to provide greater rights to the expatriate community, to continue having an association that has benefited all involved.

There is no scope for any permanent citizenships being granted to the outsiders, as it can seriously interfere with the ethnic interests. But, what many observers are asking right now, is to let the outsiders have more say as tenants, and thus ensure their continuation in the UAE’s economy. Unless it was done so, the expatriates might think of moving away to other locations, thus curtailing the UAE’s commerce.

This brings us to the belief that the imbalanced demography of the UAE will have to be addressed by its administrators, so that their economic achievements didn’t get wasted down. It will be in the interest of all parties involved to have a lasting alliance between the ethnic Arabs and the outsiders. Despite the fact that no overnight solutions could be achieved for the above stated matter, one will still require looking for the answers for the sake of tomorrow.

Pankaj Mohan is an India based freelance writer, who often writes on behalf of DubaiFurnishedApartments.com. Please visit this site to get more information on Dubai apartments and Dubai hotel apartments.

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There are many reasons behind the sudden surge in the real estate in UAE. The proficient personnel from all over the planet contributes in the development of the country which results in the overall appreciation of the properties in Dubai. Another factor supporting the real estate investments in UAE is the tax free environment. Though it is surprising, but no taxes are imposed on the property and income dealings in Dubai.

The property laws in UAE allow the freehold possession of land by any non-residents without much of paper works as a sales agreement. The politically stable and neutral atmosphere in Dubai attracts more and more of investors mounting the price of the real estate. The existence of a large number of multinational corporate in UAE has significantly amplified the demand for the commercial properties. This in turn has augmented the monthly rentals as well as the property prices.

Taking in notice all the cited aspects no one can doubt about Dubai becoming a dream destination for the real estate. UAE is also very eminent for its human made marvels. These are unquestionably the finest in the world. UAE maintains to set innovative records for its magnificent buildings, carrying it to the top and making it the most privileged real estate place in the world.

Rohit Chopra is an expert author, he is currently writing with Equilibrium. We provide detailed information on real estate in UAE and property in UAE”, Real Estate Investment Loans, Seller Concessions and much more. Make your investment today with us for a life long financial gain.

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