Thursday, May 20, 2010

Dubai Investment Park

Regular visitors to the Gulf are aware of the rapid changes taking place in the UAE. The Dubai skyline and landscape is transforming. Traditionally, there is a demarcation between old and new Dubai. Between Deira in the north creek and Bur Dubai in the South, the commercial districts have distinct division. Deira commercial hub has its own old world charm, which still functions exactly like the ancient Arabic trading systems of the past. Bur Dubai represents the present commercial hub which has captured the world. The past and present worlds are linked by a tunnel and two bridges. The sands of time have new footprints. With a population of 1.2 people, Dubai has attracted the global venture capitalists who are investing in many properties. Amongst the most prestigious available properties is the Dubai Investment Park-a self contained township. In a vast expanse of nearly 3,180 hectares, it has a blend of residential towers, corporate structures, entertainment complex and commercial space. The Dubai Investment Park (DIP) promises buyers to have the latest world class facilities, safety features and security. It is being developed with the aim to have the most comprehensive uses including education facilities, research, logistics, manufacturing, distribution and housing and small office space.

With the commencement of this ambitious project, it has set new parameters of offering investors a competitive edge to their rivals. The DIP is now a symbol of growing competition for real estate developers who wish to prove that they can match any other world infrastructural facility. Investments in the DIP have no hidden costs. Every deal is transparent. Dubai property laws hold developers on a leash. The DIP has its own quality control measures. This also includes waste water collection network, recycling and treatment. Some plots are pre-built. They can be hired also. The DIP is close to other important parts of the city. It is close to Jebel Ali Free Zone and shall be very close to the second Dubai International Airport that will be coming up. Any industry can be set up without any water problems. It has already been proven that DIP has been the premier development designed to give irrigated water and fire fighting equipment to users. The plots have flexible lease charges and absolutely no hidden costs that may turn investment into a nightmare. One can get land lease for commercial projects, residential complexes, industrial and office use.

Dubai Investment Park is already attracting many overseas investors. With property laws now slowly favoring even foreign businessmen, the cosmopolitan culture of the UAE is strengthened. It will not be long when the Dubai Investment Park shall prove to be gold mine for diverse investors. The time has come when the new businesses have overtaken the old barter system. But what has remained is the old world Arab charm with its heritage and trading culture. As the sun disappears in the horizon, the desert city comes alive with warmth. It makes the Dubai Investment Park worth its weight in 24 carat gold.

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