Dubai real estate has attracted property investors from all over the globe all hoping to get a piece of the action in what will be one of the worlds most exciting cities.
Former Bay Watch star Pamela Anderson and boyfriend drummer Tommy Lee have also succumbed to investing in the region. They join the likes of David and Victoria Beckham in securing real estate in Dubai.
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Freehold investment property is available to international real estate investors and the Dubai market is now one of the world’s hottest in the world. Foreigners have the right to lease or purchase the land, after getting approval from the three master-developers, Emaar, Al Nakheel, and Dubai Properties.
Dubai is a world of firsts with plans that include the tallest towers in the world, largest theme parks, biggest airport, largest shopping malls the list goes on.
Political stability and low crime are one of the features of Dubai and one that has contributed to its large population of expatriates. Dubai sees an international population as key to its success and resident visas are awarded to those who purchase Dubai Freehold Property.
Tommy Lee has decided to buy ‘Greece’ in The World project – a manmade archipelago of 300 islands in the shape of the world currently being built off the Dubai coast. The drummer is hoping he and Pam will be able to spend time there with their two sons:
“I’ve been doing a lot of research on Dubai property and The World project. We’re going to buy Greece because I’m Greek originally. Pammy actually turned me on to the whole thing. Life is good now because I’m seeing my boys again.”
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