Dubai Real Estate Market experiences strongest demand in three years

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Dubai Real Estate Market experiences strongest demand in three years

Post  umerakmal on Mon Apr 23, 2012 7:05 am

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.

For more details visit: http://marketingiants.blogspot.com/2012/04/dubai-real-estate-market-experiences.html

umerakmal

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Join date : 2012-03-15

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