When the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoom, in 2002 issued a public order allowing non Dubai residents the right to buy freehold property in Dubai, the real estate market there really took off.

Since then, the real estate growth has been stupendous with quite a few new developments selling out off-plan within 24 hours of their release and the subsequent resale market along with contracts almost doubling up in majority cases.

Currently Dubai’s population is one of the fastest growing in the world which is leading to stratospheric increases in rentals and sale price of the property being marketed. Combine this with the tax and business incentives being offered by the government and you have the best case scenario where you can have your cake and eat it too!!

Quite a few people hope and wait that this property boom would slow down or relapse somewhat so that they could venture in the market with the assurance that it would rebound. However, Good Deal’s advice to such people is that this is not showing any chance of slowing down yet, and the more you wait the more you lose out on the opportunity on making good profits RIGHT NOW.

When you compare Dubai with the global market you would find that the gap between them and Dubai, when it comes to property,it is pretty large and this gap is definitely going to fill up. So, the opportunity to cash in this gap is very much present and delay will only reduce the profit margins.