About Dubai
Dubai, one of the seven United
Arab Emirates, is considered to be one of the most desirable real
estate opportunities in the world. Dubai is growing fast, with one-third
of the cranes in the world currently being used to build property
in Dubai. Dubai has also been rated by Interpol as one of the safest
countries to live, which many may find hard to believe from what they
have heard about the Middle East. Fortunately, none of that applies
in Dubai. This little country strategically located at the crossroads
of Europe, Asia, Africa and the Middle East is fast becoming the premier
vacation, tourism destination and real estate investment oppurtunity
of the region. Over the past decade, the number of visitors to Dubai
has grown from 1.08 million to 5.4 million, representing a growth
rate of 16% per year. This rate of 16% is 3 times the world tourism
growth rate for the same time period. More astonishing is that the
past 5 years alone have supplied a 54% growth rate. Over 3.4 million
tourists visited Dubai in 2001 and this figure is expected to grow
to an excess of 6.0 million by 2010, forecasting 200,000 visitors
a day. It is also estimated that it will take 6-10 years for the supply
of hotels to catch up with demand. This is surprising considering
there is currently an estimated $80 billion in real estate projects
underway...
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Dubai Real Estate - Dubai Condo
Hotels
Condo Hotels are Hotels that offer
ownership of it's units to buyers. The concept of Condo Hotels is
descendant from the time share system where owners can use their unit
or put it into a pool for rental when the property is not in use.
With condo hotels the property is generally fully furnished condominiums
that are larger than average hotel rooms. When not in use, the property
is overseen by the hotel’s management team who will handle the
occupancy of the property along with housekeeping, and many more services
detailed by the developer. Most Condo Hotels are located in cities
like Miami, Las Vegas, and many other destinations where tourism rates
are high. The condo hotel concept fused with the tourism explosion
to Dubai is a match made in heaven. We at DubaiCondoProperty.com look
forward to assisting you in benefiting from this very unique opportunity...
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here to read more
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