The demand for Dubai properties is rising at a much faster rate than supply resulting in prices
starting to increase across the luxury part of Dubai’s real estate market.
Various developments across Dubai are experiencing the
highest demand in three years resulting in the high end market recovering
quickly.
According to the latest Knight Frank Global House Price
Index, Dubai’s property prices rose by 2.3 percent in the last three months of
2011, spurring investors to buy property in the country whilst prices are still
comparatively low.
Many Dubai real estate developers have reported in the first quarter of 2012 that
properties in established areas are approaching full occupancy levels and rents
have now started to increase.
One real estate expert has revealed in a recent report that
Dubai’s residential property market has started positively in 2012 and is now
“more secure and transparent” with residential sales continuing to rise.
Dubai’s recent upturn has certainly attracted more investors
to the country building positive momentum.
According to the Dubai Supreme
Fiscal Committee, Dubai’s economy is showing positive signs of growth after the
prediction that it will grow by 4.5 percent in 2012.
The news has fuelled investor confidence and many property
investors are shifting their attention to buying in areas such as the popular
Dubai Marina before prices rocket.
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