Dubai is not only a dreamed-of travel destination; it has also become one of the most desired property investments recently. Changes in Dubai property ownership laws allowing freehold property to non-residents have opened up the Dubai property investment market.

If you are interested in Dubai property investment opportunities, here are a bunch of tips to help you through the process.

Get the Accounts Right

As in any other investment plan, your Dubai property investment plan should feature one main and major thing: excellent financial advisors. Getting the accounts right is the key to any successful investment. Your financial advisor will be able to find you the best financing, negotiate acceptable loan terms and avoid the tax pitfalls. Moreover, he will be able to advise you which types of investment are the most profitable ones, which are more risky and so on - all according your goals.

Dubai Property Investment - Residential or Commercial?

This is may be the second issue in your investment strategy. In general you can invest in either residential (apartments, houses, villas) or commercial (offices) properties. Each one has its pros and cons. For example, residential properties may be a good investment in terms of quick releasing your money (waiting for their prices to increase and then selling the properties). On the other hand, commercial properties may provide you with long-term buy-to-let investment opportunities. Your financial advisor should be able to provide enough information about the prospects.

Location, Location, Location

Another aspect of any Dubai property investment and in any property investment is the location of the property or the properties you are about to purchase. Do not be blinded by Dubai luxury - indeed, there are fabulous residential and commercial properties available, but glamour will not make you rich. You should always keep in mind that the best location is one in which the property will increase in value and sell (over time). Stick to locations that are developing or have good prospects of development. You should "catch" the right momentum - sometimes you can buy a property in an area that has almost reached its value top. In such case, you cannot expect its price to rise dramatically. On the other hands you can get quite of a deal for a property in a location that has just began to develop or will start to develop in the next couple of years. Check with local authorities regarding their development plans for the areas you are interested in first. Also, consult a good local property broker for the trends to make out the maximum of your Dubai property investment.