Is now the right time for investment in Dubai real estate sector?

Article Written By: William King

If you think that future of Dubai real estate sector is dark, then you must think again! Dubai still qualifies to be one of the swankiest places to buy properties all over the world. It offers more value for less money due to recession and absence of investors' interest. 2011 is the time to give it hype again as the selling and buying activities are picking up and investors will surely fly back to Dubai.

The prices are touching the bottom limits, bringing Dubai properties in reach of many. Investment friendly climate is exhibited all over Dubai that has been attracting commoners and many celebrities to buy freehold properties in Dubai.

Some of the experts question about the retention time of this money, whether it is hot money” that can exit the system quickly or not. Although it is too early to decide about the future of this money and to consider that it will take its way to Dubai real estate sector or not.

However, experts of real estate sector report that people who have invested recently in Dubai properties are majority of expatriates and have been demonstrating change in their confidence levels about the market circumstances. Many of them are investing in Dubai, Ajman and Abu Dhabi real estate sector to reside over there.

There are a lot of properties available in Dubai for rent and sales both but people are more interested in buying the properties rather than getting properties on rent. The trend shows that investors want to invest for the long term returns.

Another big reason for the sink of Dubai real estate prices were the troubles faced by the government-owned real estate company, Dubai World. The delayed projects by Dubai World affected the entire Dubai real estate market. If Dubai World will manage to sort out differences with the creditors, things can go on the right path soon again. A stable growth in GDP and return of ardent investors reveals a positive picture for Dubai real estate.

In the months ahead, mortgage offers and GDP growth will tilt the trend of investment in Dubai. Prices of Dubai properties may fall further in 2011 but still the properties will be inexpensive as compared to the time before recession. Therefore, people from all over the world have started investing in Dubai real estate.

Due to all these positive happenings, Dubai real estate market has started showing positive indications. The good news for all the investors is that the future of real estate in Dubai is not as bleak as it was last year. The prices are down and will never be this much down again so it is the best time to buy properties in Dubai.

About the Author

William King is the director of Abu Dhabi real Estate and UAE Property.

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This Article Has Been Published on Thu, 28 Jul 2011 and Read 322 Times

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