Dubai real estate has been a consistently hot real estate market for investment property in the past few years. Dubai is the most populated and second largest Emirate in the United Arab Emirates. It has seen enormous construction and has attracted investors worldwide to its real estates projects.

I remember the time when an overseas investor searching for a mortgage would be confronted by puzzled Dubai developers and even more confused estate agents. When an international investor did find a local bank it would be so expensive and time consuming the buyer often gave up. The good news is that the Dubai real estate market is maturing and the big banks have woken up to the fact that Dubai mortgages are potentially very big business.

The early troubles with a Dubai mortgage all stemmed around the difficulties foreign buyers had securing the freehold on a property. Since the announcement on March 12 2006 that non United Arab Emirates nationals may be given the right to own freehold properties in some parts of Dubai, massive interest has been stirred in overseas property investors. Demand is surging and real estate is in short supply many off plan developments sell out in days of release.

Now with laws passed and established zones in Dubai where freehold ownership is not in question the banks are finally acting. The Dubai mortgage market is set to be one of the most competitive markets in the world. The worlds investors are looking at Dubai long and hard. Investors will not tolerate being ripped off with high price mortgages.

Unlike many overseas markets most freehold property in Dubai has not bought with mortgage finance. This gives the market a huge amount of resilience. Many of the mortgage providers in Dubai will only lend to non residents in the Dubai freehold zones.

Properties for sale that are suitable for foreign buyers are in the following freehold zones: Dubai Sports City , Dubai Marina , I.M.P.Z. International Media Production Zone , Jumeirah Village , The Palm Jumeirah, Shaikh Zayed Road, International City, The Lagoons, Palm Deira, Jebel Ali Airport, Emirates Road, Dubai Land ,Business Bay ,Downtown Dubai and much more

So what is attracted international Banks to Dubai that’s simple money and plenty of it. Dubai’s population is currently in the region of 1.4 million citizens, by 2010 it is expected that Dubai will be home to 3.5 million residents. The Banks anticipate a huge demand for property and in turn a big demand for mortgages. The large multi nationals will be moving in and with them their employees all needing a place to live.

Most of Dubai population is set to be made up from people from overseas. Dubai will be truly multi cultural multi national and that feeling is already in Dubai. Experience Dubai nightlife and you will see it is a truly multi national experience.

The future for the big banks is bright as overseas investors will feel more secure going with mortgage providers that they are familiar with.

In all mortgages in Dubai are good for the banks and are set to be good for overseas buyers investing in the new world attraction which is Dubai

“If you hope to have a smooth experience that results in the real estate purchase you are looking for, it is important to take the time to select the best real estate agent for your needs. Although all real estate agents are capable of helping you complete your real estate purchase, there are certain agents that are better suited for certain types of purchases. Similarly, there are a few signs to watch for that will indicate whether or not you have a quality real estate agent at your side.

Consider Your Purpose

When selecting the real estate agent for you, it is important to consider the type of real estate you intend to purchase. For example, if you are interested in purchasing an apartment complex as an investment purchase, it is generally better to work with a real estate agent that specializes in selling these types of properties. Of course, you can use a real estate agent that deals mostly with selling homes, but one that specializes in the type of property you are looking for is more likely to have the types of connections you need to purchase the type of property you are looking for.

Consider Qualifications

While it is fine to work with a real estate agent, you should look for someone that is a real estate broker or a licensed realtor. An agent that is a member of the National Association of Realtors will have a displayed REALTORS® logo that will let you know that he or she has achieved this licensure. It is important to look for someone that is certified by the National Association of Realtors because this means the agent has pledged to follow a Code of Ethics that holds them to a higher standard than what is required by law.

Consider Referrals

Of course, it doesn’t matter how many great qualifications the real estate agent has if he or she does not work hard for clients. Therefore, it is always a good idea to listen to referrals from other people. If someone you know had a good experience with a particular real estate agent, the chances are pretty good that you will have a good experience with that agent as well. Remember, good real estate agents stay in business because they have satisfied clients – give your business to someone with a proven track record.

Do Your Research

If you don’t know someone that can refer a great real estate agent to you, you are going to have to do a bit of research. A good place to start your research is on the Internet. Visit the web sites of various real estate agents and get an idea of the types of services they provide. Look up the profiles of the real estate agents in order to get a better idea of their qualifications and experience. A site that contains customer testimonials is a good start as well – read the testimonials in order to get an idea of what other people are saying about the agent before making your final decision.”