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Property in Dubai has had investors rushing for off plan deals provided by developers in the region building numerous Dubai projects. The attraction of affordable luxury living, a tax free environment, predictions that point toward go

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

od capital growth and being part of the world fastest growing city make Dubai an attractive proposition.

About Dubai

Dubai is one of the seven emirates that make up the United Arab Emirates. This location has been a hot market for l

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

uxury property in the past few years. Dubai is the most populated and second largest United Arab Emirates. Dubai has been seeing enormous construction and has attracted several real estates projects.

Large projects in Dubai include

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ffshore property such as the Palm Islands and The World. Inland projects include Dubai Marina, Dubai Waterfront, Business Bay, Dubailand and The Burj Dubai Complex.

These overseas property complexes feature the innovative and ultra-m

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

odern architecture of the skeikh. These properties are home to skyscrapers such as Emirates Towers and the Burj al-Arab. The Burj al-Arab is located on offshore property in the Persian Gulf. The Burj al-Arab is currently the tallest

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

hotel in the world.

Dubai's Emaar Properties is working on another tall structure that may be the future tallest structure in the world. The final height of the skyscraper is a secret and is expected to be completed in 2008. The sky

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

scraper will be called the Burj Dubai. The company is also building the world's largest shopping mall called the Dubai Mall.

Business Bay is also a very prominent piece of property in Dubai. The new business district is to be home t

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

o five hundred skyscrapers, all of which are going to be built on land that was lifted from the Dubai Creek.

New laws mean more buyers Duabi has been an attractive place to invest in overseas property the sticking point for some time

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

as been the confusion concerning freehold laws in Dubai. New laws now allow foreigners to own the freehold of certain real estate in Dubai. Since the announcement on March 12 2006 that non United Arab Emirates nationals may be given t

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

he right to own freehold properties in some parts of Dubai, massive interest has been stirred in overseas property investors. Demand is surging and real estate is in short supply many off plan developments sell out in days of release.

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

Freehold in Dubai Foreigners will have the right to lease or purchase the land, after getting approval from the three master-developers, Emaar, Al Nakheel, and Dubai Properties. Land will be registered in the name of a foreigner only a

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

fter the developers submit a no-objection letter, stating that all the payments for the transaction have been made in full. There are three kinds of ownership proposed in the legislation: freehold, usufruct, and common hold. The owner

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

will have complete ownership rights over a free hold property and the building in this case will be in the owner's name. The second category is usufruct or long-term lease. The law characterizes 'usufruct' as the right to use another's

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

property short of destruction or waste of its substance. The right of usufruct, as per the law, should not be for less than five years. This will most probably be a long-term lease whose maximum validity period will range from anywhere

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

between 50 to 99 years. Common hold allows leaseholders to dispense with their landlord and obtain a share of the freehold.

Dubai property why some say no

Property in Dubai is expanding so quickly and at such large volumes some inve

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

tors are worried that Dubai may have an over supply of real estate. However these investors are not looking past the next 3 years and over the medium to long term Dubai is set to offer sound investment potential. Increased tourism and

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

a growing expat population will meet the demand that investors need to benefit from their Dubai property.

Dubai is working on building their tourism industry and they are also building massive and monumental properties such as Dubaila

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

nd in order to attract foreign tourists. They are also working on building their cultural environment through the construction of the Dubai Cultural Village. The development will include performing arts centers, art museums, librarie

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

, schools for music and dance and rare bookstores. The Madinat theatre is one of the most significant and luxurious theaters in the region and will host numerous West-End productions.

Dubai is working on quickly becoming one of the p

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

remier locations to own luxurious overseas property and they are making it very attractive with their monumental skyscrapers and offshore properties. They are building a dream and they hope to attract attention from all over the world

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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