Dubai is a sophisticated business and shopping destination; this desert city has all the latest technology. The country has developed in a rapid pace and is at this day one of the leading holiday and tourist destinations in the world. Central to several continents it has a mixture of cultures that provide visitors with a unique and exotic experience.

Although compact, it offers the best in hotels, facilities, leisure activities and shopping opportunities and is a fashionable destination for corporate events due to its location and world class business environment.

As Dubai real estate and properties are highly sought-after, investing in property will see a high return. Below are some of the main factors to consider if interested in property investment in Dubai.

Dubai is a modern and open minded Arab state known to the West. Tourism is the fastest growing industry here, fashionable as a tourist destination due to its range of activities and shopping, over four million visited the city last year alone. Predictions for 2010 are over fifteen million visitors; although most hotels in the city are luxury and charge high prices they are nearly 100% full all year around and there is a demand for other types of lodgings. Due to Dubai's exceptional strategic position, it is acknowledged as the key trading centre for the Middle East and many global businesses base their regional offices in the city. International corporations are opening up their regional offices here.

Other factors making Dubai an ideal place for business as that it is a tax free zone and also the close access to Central Asia, the Middle East, the Eastern Mediterranean, Africa and the Asian Subcontinent. These regions are potential business goldmines as there are more than two billion people located here. Now that the Dubai government has opened up the market more and permitted foreigners to own property, overseas investors have increased greatly. When it can be as much as 40% cheaper to buy a property in Dubai than to rent, most people opt to buy.

Dubai has a large educated and skilled workforce and expatriates seeking improved employment options and tax free salaries. This has produced a long-term demand for property in the city. In an effort to meet the demand for property, the government have invested $40 billion dollars into the real estate market. Even with the ongoing construction projects, predictions are that it will be up to ten years before the level of supply is fulfilled. There are many property developments in progress in Dubai, but demand for rentals in the business and residential areas are still not met by far. Buy-to-let investors are profiting from high rental yields in addition to their already high expected investment growth. Property in Dubai prices are at an all time high as developers are incapable to meet the demand. Expatriates and other residents earning high tax free salaries have the ideal opportunity to purchase a property of quality for relatively low prices compared to international properties.

Foreign investors are encouraged to buy in Dubai for its low purchase and sales costs and as banks offer mortgages to overseas investors it can be cheaper and more economical to buy rather than rent. As long as the population growth continues to increase, property investors in Dubai should be confident of future high growth prospects for their property investments.