The optimistic and booming Dubai real estate sector..
Invites the foreigner …
While the world’s property markets continue to face a sharp slump, the real estate markets of Dubai and other emirates such as Abu Dhabi, Sharjah, and Ajman continue to grow and thrive. The crisis is now hitting some of the major global real estate markets such as Russia, China, India, and Brazil where prices are declining sharply.
Dubai real estate sector, still optimistic and booming, goes on to attract investment from around the world. The Dubai real estate market has somehow managed to remain immune to the current recession that has ruined the world’s financial markets. Although some uncertainty surrounds Dubai real estate market’s growth with property analysts predicting an imminent correction, the city’s municipal bodies and developers dismiss the fears.
Investors and potential property buyers, though made a little cautious of the vague market perceptions, still they don’t lose interest in Dubai real estate in any way. The demand for Dubai real estate, both residential and commercial, has not only remained buoyant but also retained its upward trend. The Government’s assurance of the market stability and the continuing boom in Dubai’s real estate that have helped retain investor confidence. Moreover the property in dubai is very cheap as compared to other countries and offer great rental values and maximum returns on investment. It’s easy to state that this growth will increase manifold once the economic situation normalizes globally. Even today, the best place for secure and lucrative real estate investment is none other than Dubai.so if you are an investor and coming to visit this glorious city of lights and high rise buildings..then don’t forget to meet a good property agent .