Distressed Property - United Arab Emirates
Dubai's real estate will remain a "challenging" environment for two or three years but house prices are beginning to recover.
-Mohammed Alabbar, Emaar Properties Chairman,
Since the infamous peak of 2008, real estate residential prices in Dubai and Abu Dhabi have dropped by about 60 per cent and 50 per cent, respectively.
The Institute of International Finance based in Washington reported on data for the first three quarters of 2011 that suggested the UAE property market may have reached its bottom.
This has paved the way for willing investors to take advantage of the all-time low prices and purchase a lifestyle or investment property in the region.
Insight Group PLC has embarked on its own mission to uncover the “best of the bottom” in Dubai and Abu Dhabi and seek exclusivity to bring high-end low-priced properties to our valued clients.
Emaar Properties chairman Mohamed Alabbar has said Dubai's real estate will remain a "challenging" environment for two or three years but house prices are beginning to recover.
He also said he saw "optimism in the city" and confidence among consumers and the government, resulting in growth in key sectors of Dubai's economy.
Interested? Let us know.
If you'd like to discuss this investment opportunity with an experienced Wealth Management Specialist, complete the form below and we'll be in touch within 24 business hours.
UAE newsDubai a safe Haven in difficult times
The global market may have been hit hard in the 2008-2009 global financial and debt crisis, but the latest international ... read moreLogistics fuelling Dubai's recovery
Soon enough Dubai will be amongst the top logistics hubs in the world... read moreDubai Real Estate Recovery Insight
2011 has proven to be a year of recovery for the Dubai economy, which has found its salvation through aviation, hospitality, retailing, oil prices and real estate... read more