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| Real Estate Investments |
Dubai is acknowledged for its remarkable development in real estate.
Apparently, it seems that Dubai is not relying fully on its oil
reserves. Instead, heedfulness towards real estate is likely to be paid
in longer run.
Dubai real estate
was also a victim of economic crunch in 2008, with property prices
impaired to alarming levels. However, Dubai encountered the recessional
hit with a reasonable approach. By injecting continuous endeavours, the
market has experienced remarkable recovery in 2012, as apprehended by
Bayut.com- a renowned property portal of UAE.
Power House Property Portal notes the rental hikes of 16.5% in the first two months of
2013 in contrast to the property rentals in first quarter of 2012. This
increase is likely to enable the investors to secure more return on
their real estate investments. Nevertheless, these flourishing trends
are not restricted to rental hikes merely. The property portal also
notes that the property for sale in Dubai
has also experienced noticeable upward trends. The estimated prices of Dubai apartments have ameliorated by almost 30% in the first two months
of 2013 in contrast to the respective values in Q1 of 2012.
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| Dubai Property Market |
Banks and investors are also looking forward to inject their money in
Dubai real estate. Dubai property market is maturing gradually and the
real estate development projects are being welcomed by Dubai’s
Government. Top notch real estate projects viz. Dubai Marina, Downtown Dubai and Palm Jumeirah have laid down new benchmarks in the real estate
industry. Dubai, which is known for its luxury living, still maintains
its standards even after confronting global recessional blows.
Tremendous real estate developments seem to give a push to Dubai’s
economic circle with a complementing impact of providing increased
tourism to Dubai. Considering the flourishing prospects of Dubai real
estate, it is presumably favourable time for investors to invest their
money in Dubai property market.
To get more information on Dubai Real Estate Market please contact us .
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