Middle East

As usual, the trouble with the prophets in their homeland. Wells Fargo Bank is full of insight into the issues. Perhaps it would be reasonable to think about someone else, but to thrive? No, it does not appeal to rampant immigration, it is a reminder that in the modern world the opportunity to own property abroad has become not a luxury but a means available to protect savings from depreciation as well as increase them. Europe is also bogged down by economic, financial and mortgage crisis, so far-sighted people look to the East that is growing and actively growing, leaving far behind the Western world. Dubai – the emirate's eponymous capital and largest city of the uae, trade, financial and tourist center in the Middle East. The pace of development it is compared to Shanghai, though, unlike the latter, the population of Dubai for 2006 data was just under 1.5 million people. However, today, Dubai – the third most important re-export center in the world (after Hong Kong and Singapore). Ever-growing volumes of trade with Europe, Russia, Asia and Africa, a prime location in the oil-rich Persian Gulf region and the huge popularity tourists (in 2007 alone. he was visited by 6,440,000 people) make Dubai one of the most dynamically developing cities in the world today.

It is easy to understand why more people are choosing Dubai as a place of work and leisure as well as investing in real estate and new construction projects of the Northern Emirates. Results of the study Wealth Ranking Survey, conducted by the International League of buyers abroad (NatWest International), suggests that immigrants earn in Dubai on average 40% more than their fellow citizens, working at home. Many major financial institutions are opening their offices in Dubai and Northern Emirates, followed their example and leading corporations such as Microsoft, Siemens, Haliburton, and many others. According to forecasts, by 2010 the population of Dubai will increase to 2.5 million people, mostly thanks to the specialists from different areas of emigrating to the United Arab Emirates. Until 2025 the city planned to build another 3 thousand skyscrapers for residential and office space. In short, Dubai is one of the most attractive places on the planet. And not the last factor increasing its investment value, is that for at least the nearest decades, the demand for first-class residential property here will exceed supply.

So, let's say you decided to invest in the rapidly growing market of the uae. However, as a simple Russian citizen is not familiar with the language, laws and orders of a foreign country, you can buy real estate in the uae? The First Group – the world-famous British development company based in Dubai and adhered to the developing real estate markets will help join the prospects for an impressive rental returns and capital gains. It is worth thinking about those funds that have investors who have invested money in a well-known complexes of Dubai Marina, Palms and Jumeirah Beach Residence is just a couple of years ago. And worth noting that for the purchase of premium apartments in Dubai, you will need far less money than to buy a tiny kopeck piece somewhere in . The company also The First Group as one of the main arguments for investing in real estate uae considers it necessary to bring the fact that the fee for registration of property transactions in the uae is low, and taxes on capital gains and rental income completely absent!

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