Dubai Property Market Update - Dubai Properties

The Dubai real estate sector has experienced growth during this year, and we have seen this continue to 2014, and 2015 onwards. The industry has evolved in terms of best practice, regulations and laws to protect investors and developers. Improvements on the mortgage regulations have made a positive contribution to ensuring a controlled and sustainable market growth.
      
The latest industry reports have seen a rise in growth, albeit slow; which means that these developments have been effective and positively impacted the market behaviour.

Dubai Properties perspective on this is: the market has been in a favorable position and strategies have allowed us to experience sustainable growth across their portfolio in 2014.

We have seen plenty of demands from investors for the new residential project Dubai Wharf that was launched at Cityscape. Other Dubai Property developments have began to sold-out and prompted the release of further units such as in Mudon and Remraam. 

We believe that 2014 will be remembered as a successful year for the real estate market. Our strong sales have been a sign of clarity for positive market conditions. We employed successful strategies to develop practical, high quality, and sustainable projects in every segment and area of Dubai. We make sure that in every project, we offer essential amenities and facilities to enrich the lives of would-be residents.

We already made over 36,000 residential units, 2.8 million sq. ft. of office space and over 1.2 million sq. ft. of retail space across key areas of Dubai. The main projects we have launched in 2014 include: Mudon, Remraam, Manazel AlKhor, and Dubai Wharf, some of which experienced successes.

We will continue to develop a growing portfolio of retail, commercial, residential, hospitality and mixed-use projects, and more projects across all sectors will be coming. We will continue to align their business with the current market demand by launching new projects that provide strong investment opportunities.

Real estate in Dubai is continuously experiencing strong growth with investors looking for more value out of projects across the city with completed infrastructure, accessibility, and quality building and finishing. Our projects will continue to meet this market’s demand, in line with Dubai’s growth across the residential, commercial & retail sectors while continuing with the strategy to develop projects in prime locations of Dubai.

Winning the Expo 2020 presents a huge opportunity for Dubai real estate industry, and as a leading developer with a wide range of projects in every segment and area of Dubai, we are well placed to capitalise on the increasing requirements which this will bring.

Going forward, they plan to launch more projects that cater to the increasing population expected in Dubai over the coming years, from affordable apartments to villas and townhouses and high-end luxury accommodation across key areas of Dubai.

Mr. Osama Bashir
Legal Counsel - Al Zahmy Advocates & Legal Consultants

Call +971 50 327 5790
Email osama@alzahmyadvocates.com

Source: Roots Land Real Estate