Countries That Did Not Qualify For World Cup 2018 Condo Hotels Offer Means to Invest in Dubai, World’s Fastest Growing City

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Condo Hotels Offer Means to Invest in Dubai, World’s Fastest Growing City

Have you ever thought to yourself, “If only I had bought land in Orlando before Disney?” Or how about, “I wish I owned a piece of The Strip in Las Vegas?” Imagine where you would be today if you could have predicted the future of these exciting cities.

Well don’t give up now. It’s not too late for every real estate investment opportunity. The trick is to find the next Orlando or Las Vegas and invest now.

DUBAI, THE SAFE STAR OF THE MIDDLE EAST

So where is the best opportunity today? It is an unknown city that is fast becoming the shining star of the Middle East – Dubai.

Dubai is one of the seven United Arab Emirates, and has been identified as the fastest growing city on the planet. In fact, it has all the makings of a blockbuster of epic proportions. Here are some of the successes and ongoing projects that are helping to put this city on the map:

· Burj Al-Arab – The only seven star hotel in the world

· Burj Dubai – The tallest tower in the world

· Mall of Arabia – The largest shopping mall in the world

· Jebel Ali Palms – Two largest man-made islands, with holiday resorts

and entertainment venues, just off the coast of Dubai

· Dubailand – A collection of six state-of-the-art theme parks including 45 mega-projects and 200 entertainment projects under development designed to create a tourist destination almost three times the size of all the Walt Disney World Resort destinations in Orlando.

· Jebel Ali Port – The busiest port in the world

· Skywalk – The longest footbridge in the world

· World class Sporting Events – Dubai World Cup (world’s richest horse race), Dubai Desert Classic (Golf) and Dubai Rugby Sevens

· Dubai International Financial Center (DIFC) – A proposed financial center for the entire Middle East

· Dubai Airport – Expansion underway to handle 45 million passengers a year by 2018.

· Tax Incentives – 100% tax free business environment

WHAT’S INSIDE YOU?

You can participate in the growth of Dubai. Consider investing in one of his five-star condo hotels under construction. Available now are pre-construction opportunities to buy hotel condo units in Dubai. And Americans, Europeans and Asians all jump at the chance.

Basically, you buy a luxury hotel room (studio, one, two or three bedroom), and as the owner you share in any revenue that a hotel unit generates.

How much revenue? Well some developers in Dubai actually offer a guaranteed annual profit of 8% or 60% of the revenue your unit generates, whichever is greater, for the first three years. After the third year, you are still entitled to 60% of the revenue, but there is no guarantee.

Will 60% of the revenue be significant? Of course no one can predict the future. But consider these facts. Dubai has the highest hotel occupancy rate in the world! In 2005, it was 86% and has been climbing steadily. It also has the highest revenue per hotel room in the world, beating world-class cities such as New York and Paris.

CONDO HOTEL OWNERSHIP

As a condo hotel unit owner, you can keep your condo hotel as long as you want. Use it as a holiday home to get away from it all if desired. When you no longer want it in your real estate portfolio, you can resell it, probably at a greatly appreciated price, and you keep 100% of the proceeds.

Is this a good time to buy in Dubai? After all, this country is not an established vacation destination like Las Vegas or Florida. But really, that’s the very reason to buy right now.

Dubai’s real estate sector is only a few years old. There are benefits to getting in on the ground floor of a new property market. Remember, these are premium properties in new land with unimaginable potential. The prices on these five star condo hotels are extremely reasonable, leaving plenty of room for potential appreciation.

Compare, for example, the Trump International in Ft. Lauderdale, Florida where a 612 square foot studio condo hotel unit would cost over $800,000 today or the Cosmopolitan, Las Vegas, where a 600 square foot studio will run you $750,000+.

Similar studios in Dubai condo hotels start at less than $150,000. In fact, for those prices, you can buy a three-bedroom unit in Dubai with enough money left over to buy her a new Mercedes and a pair of matching camels to drive!

WHY IS DUBAI SO POPULAR?

Dubai lies on the south-eastern shore of the Persian Gulf, strategically located at the crossroads of Europe, Africa, the Middle East and Asia. This makes it a gateway to over 1.5 billion users.

With its central location, Dubai is fast becoming the region’s top tourist destination. Over the past decade, the number of visitors to Dubai has increased from 1.08 million to 5.4 million, representing an annual growth of 16%. This growth rate is more than triple the growth rate of world tourism over the same period. In fact, in the last five years alone there has been a 54% growth in the number of tourists visiting Dubai.

Anticipating 200,000 visitors a day, Dubai is planned to attract and accommodate 15 million visitors a year from 2010 onwards. All this bodes well for owners of condo hotel units.

BE PART OF THE GROWTH OF SKYROCKETING DUBAI

What triggered Dubai’s sudden growth? In May 2002, Sheik Mohammed bin Rashid al-Maktoum, in an effort to reduce Dubai’s economic dependence on oil, issued a decree that for the first time allowed foreigners to buy and sell property.

The race was on. Investors from all over the world jumped in with both feet, recognizing Dubai’s potential with its stable economy, safe political scene, no property and income tax, and unrivaled standard of living.

The result? Today Dubai is the main emerging market. An estimated $80 billion of real estate projects, including the five-star condo hotel mentioned here, are now underway in Dubai.

So if you’re still kicking yourself for not buying some of the orange groves and cow fields in Florida that eventually became Disney or investing in that business in the desert that became Las Vegas, here’s another chance to make your mark in the sand – Dubai!

To learn more about ownership opportunities in Dubai condo hotels, visit http://www.CondoHotelsDubai.com

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