Dubai In Property

Dubai is an enticing hub, becoming globally popular, and so is the hike in the prices of real estate and properties in Dubai.

According to a survey done by Dubai Land Department, about 70% of investments in Dubai real estate have been done by Asian countries, especially the Indian sub continent and Arab States. They together contribute USD 2.83 billion in Dubai properties, strongly competing Pakistan and Middle East countries with an investment of USD 3.61 billion.

It has been estimated that due to fall in UK real estate prices and 2.5% depreciation of Pound Sterling, the prospective buyer may turn to the UK market thus reporting a fall in Dubai property sales. Nevertheless the actual figures are still growing and as of now no such incidents has been reported. This alone is a valid point suggesting how profitable is investing in Dubai properties.

Since the oil prices and has marked a new record with the rates of USD126 per barrel, the economy of UAE countries, including Dubai are experiencing a new boom in the Gulf economy. As Dubai properties are themselves an established player in the global real estate market, with international companies and even general public trying to select the city as a base, it has become very important for the realtors to sustain the current momentum of the market, cementing Dubai's reputation as a steady base.

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