Investment Vision 2012 Series: Dubai Property Investment
“Dubai’s economy is projected to sharply rebound by nearly 3.5 per cent in 2011 as part of overall recovery in the UAE and other Gulf hydrocarbon producers”
IIF, May 2011
With nothing to lose and everything to gain, Dubai is now on a steady road to recovery.
The second quarter of 2011 proved this with an increase in villas in prime locations of 1% and rents by 0.7% compared to Q1. Within this report we focus on the bottoming out of the property market and how the region’s optimism is aiding in its slow but steady recovery by 2014.
Located on the Persian Gulf, in the northeast of the United Arab Emirates, the City of Dubai still captivates the world with its architectural landmarks, luxury resorts and its roaring business sector despite being the hardest hit by the global financial crisis with its infamous “Bubble Burst” in which home prices dropped 60% from their 2008 peak.
However, where there is crisis there is opportunity.
Speaking in London in November 2011, the high-profile UAE businessman, Mohammed Alabaar of Emaar Properties, said Dubai's property market had been in the doldrums for three years but consumers and contractors had adjusted to the new global economic realities.
"Frankly, I think prices have stabilised and in certain pockets of the city, they are moving upwards gradually so it is all good news.”
This report discusses the road to recovery for the Emirate, the Economic Situation and its future. We also explore the Property-based opportunities that are now surfacing at a time where the market has bottomed out….with the only way being up!
In this report
Download this free report independently written by our Market Intelligence & Research Unit (MIRU) to find out more about this flourishing region.