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The property market of Dubai has been through calm and rough phases, however, the past few years have been quite disappointing for sellers and buyers equally. During the crash period of the real estate market of Middle East in 2008, thanks to the surplus of real estate projects, which led to the instability in the economy of this country and created a wide gap between the supply and demand. While the prices of property and rents in Dubai observed an incredible increase in the past, no price hikes and worse stabilization has been seen since after the hit of economic downturn during 2008. Regardless of these turbulent phases experienced by this country, the commercial property sector continued to offer several benefits to the investors. Some of those benefits can be realized instantly while other benefits will become apparent after a certain period of time. Some experienced investors and estate agents in Dubai pointed out various benefits which are discussed in this article. Investing in a commercial property has number of advantages, especially for the global investors because it offers a wider range of opportunities. Even during the economic slowdown, this part of United Arab Emirates continues to be a leading holiday destination for travelers throughout the world. This proves that no matter which turn the economy takes, the shopping malls and hotels in Dubai will continue to get immeasurable amount of tourists throughout the year, which in-turn make this city recession free. It is said that if someone decides to invest in commercial properties like hotels, shopping malls, super markets, tourist spots then they will receive much better returns on their investments as compared to those who invested in residential or realty projects in Dubai. The banks in Dubai are making constant efforts to cut down the interest rates on the mortgage loans which mean giving more purchasing power to the buyers who wants to invest in the Emirate city. These days, a lot of multinational companies are shifting their head office to this city as they can save significant amount of money spent on wages or salaries of their employees. The companies in United Arab Emirates usually hire workers and labors from the neighboring counties like India and begin to establish their offices at prime commercial hubs of Dubai. Additionally, the tax system used in Dubai is extremely favorable for the investors who wish to buy commercial property in this area. Despite of the economic downturn, Government of Dubai never imposed any heavy tax on the residents or businesses which is an encouraging sign for companies who wants to set up their headquarters there. This is one of the many attraction points that help luring new business ventures to this city thus making it more popular trading hub. Because of this, the significance of Dubai as one of the most sought-after and desired tourist and business hub can never be ignored. It is true that the prices of commercial property in this area experienced a slight decline during the past but that was the phase which make people realize about the potential of commercial property Dubai. About Author: Mohammad Al Hashim is a creative writer and loves to write on new developments in the real estate & finance market especially in the UAE. He has an affiliation with Mena Properties, a well-known name in real estate business providing the best investment opportunities & reliable estate agents in the property market across the region.
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