The Emirate of Dubai has lead the way in its region by modernising its real estate laws and procedures to attract inward investment by opening up the market to foreign investors and offering certain protections to investors and end users.
Dubai is strategically located between Asia and Africa and Europe, making it a leading international business hub. The Government of Dubai has actively sought to diversify the economy away from reliance on oil and has encouraged certain strategic industries, including tourism, healthcare and education, each of which gives rise to particular real estate needs. The development of Dubai’s commercial ‘free zones’, offering full foreign ownership of companies and a tax-free guarantee for such companies, has also resulted in high levels of foreign investment into the Emirate bringing with it a significant demand for real estate.