Independent single story 3 bedroom villa for rent in Warqa 4

Top million real estate broker proud to present this vacant 3 bedroom independent villa for rent in warqa 4 price are negotiable Initially foreigners were not allowed to invest in the real estate market of Dubai or in simpler words they were not allowed to make any purchase deal to buy freehold properties in UAE and Dubai. But soon after announcement of freehold Dubai property law in 2002 the professional real estate investors and foreigners started taking interest to invest in real estate market of UAE. State government tried to invest huge money into the built up of the infrastructure of this city in order to make it less dependent on oil. Dubai Freehold Property DevelopmentIf we take a look behind the evolutionary stage of the freehold property market of Dubai and especially in Middle East, it is seen that freehold property market was started in 1998 just after the project launch of Dubai Marina. Even though at that point of time there was no freehold property legislation existed in UAE. Only villas were available as leasehold asset for 99 years. After the legal approval of freehold property law in 2006, non-GCC nationals (GCC stands for Gulf Cooperation Council, comprising Saudi Arabia, Kuwait, the UAE, Oman, Bahrain and Qatar) are allowed to possess freehold properties. This law exclusively revolutionized Dubai property market. Real estate investors across the world started taking keen interest to make huge investments in existing and new construction projects of Dubai real estate.

Property Information

TypeVilla
PurposeFor Rent
Reference no.Bayut - 2050-Vl-R-0144
Added on3 March 2021

Trends

*These trends are calculated using a proprietary algorithm based on prices advertised on Bayut.**Popularity is based on searches conducted by users on Bayut over the last quarter.