Real Estate in Dubai Dubai is a booming real estate market. There are wide ranges of real estate to choose from, with unrivaled features implemented in each of them. The Dubai real estate varies from apartments, office and commercial space to signature villas, and has become a major attraction for the international market. Dubai real estate boasts astounding projects such as The Palm and The World - the world's largest artificial island complex, developed with villas, golf courses and holiday resorts. Dubai Real estate is a booming industry; offering a treasure to investors in terms of  residential, commercial, luxury, and premium property. Dubai offers a unique opportunity for investment, with the presence of free-trade zones, rising tourism (over 50 four and five star hotels) and a GDP that increases at an average of 7.5% per  year. The reasons are countless for an entrepreneur or an investor to consider Dubai  for solid investment. During last three years Dubai has emerged as the ultimate destination for international and local property investors. This boom was triggered by the ‘freehold property scheme’, unveiled in 2003 by Dubai government, allowing foreigners to own property for life, with the right to sell, lease or rent it at their own will. Real estate projects of almost $30 billion are currently under development in Dubai.  These  projects include some of the world’s most spectacular and awe-inspiring architectural wonders: including the world’s tallest building, largest mall, biggest theme park, indoor ski resort, The Palm and the World offshore islands. The Palm and the World are two colossal man-made island projects, visible from space, and the most expensive square kilometer of real estate on the earth. Whereas The Greens, The Meadows, The Springs, Dubai Marina, Arabian Ranches, Jumeirah Beach Residence, The New Dubai, International Chess City, are other wonderful projects in the list of Dubai mega real estate projects. Along with this, the increase in population, flourishing tourism and readily available mortgage facilities from banks and financial institutions have given vent to an extraordinary real estate boom in Dubai.As a good long-term investment, investors are increasingly tending to view housing and real estate in Dubai. This interest has been prompted by some efficient and flexible factors, such as comparatively affordable real estate price options, excellent quality of life, an open and tax free society, ultra-modern infrastructure, political stability, cosmopolitan lifestyle, world-class entertainment events, international sporting events and above all an extreme sense of security (a virtually crime-free environment). And Dubai is still sailing towards further growth; the government is concentrating on creating job opportunities and bringing in skilled workers and professionals, as well as tourists to support its people-based economy. The current construction and real estate boom is expected to continue for years to come. mySpace.com