We have helped clients find the right mortgage solution for their properties in the UK since 1974. We are now delighted to reveal that we have expanded our service to a much warmer climate. If you’re thinking about investing in the Dubai property market or are looking at ways to refinance your existing Dubai property we are now on hand to help.

Why Dubai?

Dubai has transformed itself from a small trading post in the 1970’s to a thriving cosmopolitan city that is characterized by a vibrant multi-cultural life-style and an entrepreneurial spirit. Today, Dubai is one of the largest and fastest growing international trading and tourism hubs in the world. Under the visionary guidance and foresight of its Ruler, His Highness Sheikh Mohammed bin Rashid Al Maktoum, it is emerging as the financial, trade and tourism capital of the Middle Eastern and West Asia region.

From the peaceful deserts to the bustling souks and architectural icons, Dubai offers a myriad of opportunities and attractions. This rapidly expanding city is situated on a large Creek; Deira to the North and Bur Dubai to the South where the relatively older central business districts are located. Both areas offer their fair share of mosques, souks, shopping malls, eateries, public buildings and small streets along with a diverse population. From the winding streets and traditional dhows in the Old souk to the modern skyscrapers of Sheikh Zayed road and the contemporary marina, Dubai offers a magnitude of experiences, ranging from old to new.

Why invest in Dubai?

The current population of Dubai is about 1.3 million and this is expected to double by 2010 that could make an investment in property a sensible and attractive proposal.

High oil prices are a crucial support to Dubai property values. Oil contributes to only approximately 6% of Dubai’s gross domestic product. However, given its strategic location, the construction boom owes much to the flow of oil revenues from the Emirate of Abu Dhabi and neighbouring countries into Dubai real estate, businesses and other assets. The current oil boom in the region underpins the strength of trade in the regional economy but Dubai is using this underpinning to construct a solid foundation for a diversified and sophisticated developed economy.

Rental returns are currently high, with rents having doubled and in some case tripled in the past few years. Rental returns are currently running at 8-10% in some areas. While rental returns are expected to level out within the next year with the completion of many new developments, it is hoped that the increasing population should continue to create a heavy rental demand.

There is currently no direct income tax or capital gains tax applied in Dubai on rental returns or capital gains.

The property market in Dubai is relatively new, having only been opened up to non-UAE nationals a few years ago. This opening up of the market has allowed for an unprecedented boom in the real estate market here. However, there is plenty of room for growth, unlike many other global property markets where prices have reached very high levels and future capital growth is likely to be slow to moderate.

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