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UAE (DUBAI)

Dubai or Dubai city is located on the northern tip of the united Arab emeritus on the
Persian Gulf.

It has been ruled by the al maktoum dynasty since 1833 and has existed in its
modern state since 1971.

The current ruler is mohammed bin rashid al maktoum,
Who is also the prime minister and vice president of the United Arab Emirates.

The rather small city has a population of 1.6 million people and a 37 billion USD
economy based largely on trade,
manufacturing and financial services.

Contrary to popular belief petrol and natural gas only make up a small
percentage of revenues.

The city has gained world-wide attention in the past few years because of its booming
economy and ambitious architectural projects,

With a focus on business and tourism,
the city is ramping up construction on an unprecedented level.

In fact, Dubai is said to be home to 15% to 25% of the world's
125,000 construction cranes.

Don't think that the architectural expansion is over,
because a slew of new project are on the table and in the works as we speak.

Investment in Dubai
Buying property in Dubai has been facilitated by the introduction of property law covering foreign ownership.
The Land Registry in Dubai has started to register titles of foreign ownership and the new condominium law has recently been announced,
which will establish the owners’ rights and obligations in common hold apartments and communities.

Dubai’s developers issue both original and transfer sale agreements,
buying and selling taking place in the developer’s offices.
This means the market is largely unregulated and investors are advised to use Cluttons’ services and/or take legal advice as required.

According to Article 4 of the new Law,
all nationalities other than UAE or GCC nationals can own freehold title,
a 99-year Lease or a Usufruct right,
in specific areas of Dubai,
as determined by the Ruler’s approval.

The concept ‘freehold’ is a generally well understood concept.
It is the most superior form of private property ownership.
A freeholder is considered to be the absolute owner of the land and buildings comprised in his title.

He has the right to occupy, use and enjoy his property forever – in perpetuity – or until he transfers his title to a new owner,
and his heirs is entitled to inherit his title upon his death.
Morocco
Morocco is in North Africa just across
the Straits of Gibraltar from southern Spain and west of Algeria,
with its western coast on the Atlantic.

It is mainly desert in the south with more fertile lands near the coasts and is
divided diagonally from north to south by the Atlas Mountain range,
where in winter – surprisingly in this country of Africa – tourists can enjoy
downhill or cross-country skiing on the high slopes in places such as
Oukaimeden (46 miles south of Marrakech),
or Mischliffen (6 miles from Ifrane). Tourism is the third largest source of
revenue for this liberal economy,
with over 3 million visitors per year generating over 1½ billion dollars,
and there is much else for visitors to enjoy in this country of contrasts,
with over twenty golf clubs (including those at Marrakech and Rabat built by
golfing legend Robert Trent Jones), exciting and exotic souks (markets),
beautiful beaches, vast deserts and ancient cities full of history and culture,
such as the capital,
Rabat,
with its mosques and ruins,
or the largest city,
Casablanca,
where the economic and industrial sectors are based and which has one of
the largest artificial ports in the world,
or the exotic Marrakech and Tangier.

INVESTMENT IN MORRACO
Foreign nationals may invest freely in all sectors,
without needing authorisation.
Morocco has Free Trade Agreements with the US and EU (from 2010) and
the support of the IMF and World Bank and keeps inflation in line
with other industrial countries.
It is a parliamentary constitutional monarchy with a prime minister,
two chambers,
an independent judiciary and decentralised regional administration of 16
regions and 37 provinces.



CYPRUS
A former British colony,
Cyprus has long held attractions for British retirees and holiday makers alike.
The warm climate,
beautiful beaches, countryside and sedate lifestyle,
as well as great tax benefits for older folk, make it an ideal choice.
Tourist figures are increasing year on year (up 2.2% in 2006) while in September
2007, an amazing 56% of total visitor numbers were British.
A multitude of low cost carriers are playing their part in attracting tourists and
investors in their droves and with routes from the UK to
Cyprus starting at around GBP 90,
it is easy to see why demand is so high for both holiday rentals and second homes in

An average 340 days of sunshine a year make Cyprus an agreeable
place to visit or live and holiday in
Outdoor activities are abundant, including trekking, golf, sailing and diving,
ideal for nature lovers and water sports enthusiasts
Beautiful golden sandy beaches and ancient monuments, eg.
castles, walled cities,
abbeys, Roman ruins, make Cyprus a great holiday location with varied appeal
Proximity to the European mainland means that Cyprus benefits from regular budget
direct flights, making access to the island very easy.
INVEST IN CYPRUS
Foreigners who want to buy Cyprus property or who want to go for properties in
Cyprus for sale should feel comfortable in investing money
Whereas in other countries you would have to pass through difficulties and
complexities for either buying or selling property.

The property you can buy in Cyprus is dependent upon your status and in line with its
EU accession Cyprus has now lifted some of the previous restrictions on EU citizens.
Citizens of EU member
states can now purchase any amount of land and property in Cyprus.
Non-EU citizens
can purchase an apartment, or a house or villa which is under construction or built on
an area not exceeding 4.014 square meters .
A company
with a majority of directors and shareholders who are Europeans or Cypriots can buy
any amount of land and property in Cyprus.



More to be confirmed.
For details please contact the
London office.
Call 0845 2000 231
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