More property investors are purchasing Dubai Property than anywhere else in the world where investors can expect almost a 30% or more return on any property. Dubai is one of the few Arabian states open to the West in terms of culture and social integration and secure in terms of political and economic environments. The Dubai property market is growing and anyone who invests in the property in Dubai will see a rapid turnover in their investment.
Property prices have increased year on year since the launch of the freehold properties to overseas investors but despite this there has been no apparent let up in Dubai property sales. Recent studies suggest that the demand for residential and commercial Dubai real estate is likely to continue for the foreseeable future.
Among the popular Dubai property and real estate development include:
- Acacia Avenues
- Dubai Marina
- Business Bay
- The Palm Islands
- The World
- Dubailand
- Downtown Burj Dubai
- Jumeirah Lake Towers
1 comment:
It is pointed out on a number of occasions that Dubai has been, and continues to be, one of the few safe havens in the property market at the moment. The area is on the up, oil revenues are flying high and businesses are being attracted to the area in droves bringing with them more and more personnel. But is the property market getting a little over heated? Is it due a correction?
The general consensus seems to be that construction is currently a little ahead of demand and at some stage price rises will start to slow down. However, when you also consider the new companies looking for exposure to the area (US giant Halliburton was mentioned) and the fact that you can affectively buy a visa with your property there is a feeling that demand is not about to start slipping at the moment.
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james wilkins
www.drivenwide.com
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