Before the emergence of Dubai onto the world's real estate markets most people's overseas investment options were limited to a holiday property in Spain. However now thanks to the ambitious and imaginative remodelling of Dubai overseas investors can now take advantage of the booming trade and commercial situation to profit from property in Dubai and the United Arab Emirates.

Minimal tax regime: Buying a property in Dubai conventionally means a registration tax of 1.5-2% of the total price. However, Dubai has no land tax, property tax, income tax, capital gain tax, wealth tax or inheritance tax, meaning you get to see more of your money buying property there.

Massive government investment: Rarely, if ever, has a government invested more heavily in its land and people that in Dubai. Many of the most spectacular buildings, which pull in millions of tourists, are even built by government-backed developers.

Easy and transparent: Foreigners now have the right to own freehold (previously 99-year leasehold), the buying process is straightforward and there are an ever-increasing number of mortgage options.

Incredible infrastructure: In spite of the rapid growth of Dubai, the economic model has always been a sensible one, with infrastructure matching the quality of the developments. The Jebel Ali port is still the world's largest artificial harbour and the current airport - which sees around 30 million passengers a year - will soon be usurped by the Jebel Ali City Airport. It will have the capacity to deal with 120 million passengers a year and 12 million tonnes of cargo, bigger than both London Heathrow and Chicago O'Hare combined.

Open-skies agreement: Dubai International Airport is tax-free, trade barrier-free and operates an open-skies policy; any airline can fly in and out without any reciprocal deals. This, unsurprisingly, makes it extremely busy. The new World Central airport when opened will be the largest in the world and its six runways will be able to handle the latest super jumbo sized jets.

A crossroads of the world's major routes: The United Arab Emirates offer a unique location at the world's junction. Not only is Dubai just a 6½-hour flight from London (less from many other European cities) but, also, a similar distance or less from South Africa, Russia, China and Australia. This is of particular importance if you're buying to let, as it significantly increases your market.

Huge developments: In Dubai, if it's being built, it has to be bigger, better and more luxurious than anywhere else. But a good sprinkling of taste and quality of life is also added to the mix. Many developments are more like self-contained resorts, giving homeowners all the facilities they can imagine close at hand.

As each development is launched more and more people are waking up to the potential of this dynamic city.

Year round warm climate: Temperatures soar in summer and remain pleasantly hot throughout winter, with only a few inches of rain each year, making Dubai the perfect year-round destination. And if it gets too hot, just head to the air-conditioned indoors or Ski Dubai centre.

Massive tourist and visitor attractions: In addition to the world's largest indoor ski slope, an array of championship standard golf courses, the Palm Islands (the eighth wonder of the world), the wilds of the desert and the Wild Wadi water park on Jumeirah Beach Road, Dubailand is already under construction. Over twice the size of Florida's Disney World and incorporating the theme park, spas, planetariums, shopping, sports and property, Dubailand will draw millions of families every year to the emirate.

Attracting the crème of the world's sporting events: Dubai already holds the Dubai Desert Classic golf competition at the Emirates Golf Club, an international rugby 7s event on the Al Awir Road, several regattas and the Dubai World Cup - horseracing's richest meet which takes place at the Nad Al Sheba racecourse - but, with more and more facilities being built every day, the emirate will attract even more of the biggest events in sport.

The Celebrity Factor: In today's celeb obsessed world the publicity generated by the rich and famous visiting the emirate cannot be underestimated. Half the England football team, including Ashley Cole and David Beckham, own properties in Dubai as do Michael Jackson and Rod Stewart. This maintains Dubai's image as a luxurious and aspirational destination.

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