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The growth in Dubai investment properties shows no sign of reversing its rising trend


 

 

 

In last decade, property investment in Dubai has been something of a phenomenon. The major driver of the UAE property investments is demand produced by a progressively growing population at 5.56 per cent annually since 1992.

The real estate investment in Dubai sector has grown into one of the top drivers of the emirate's economic development and it has resulted into an incredible growth rate in Dubai commercial property investment. The last 15 years has seen an extraordinary 150 per cent boost in the number of accessible housing units and rental property investment in Dubai, combined with a 75 per cent growth in residential units. There has been a continuous torrent of development projects supported by governmental pledge to growing the emirate's infrastructure and to make it more appealing for overseas and Dubai real estate investors to invest in Dubai. Altogether, real estate development has added 10 per cent of non-oil GDP in last decade.

UAE property investors primarily focused on temporary high capitals, and huge volumes of property transactions that escorted to the beginning of a plethora of realty intermediaries who developed the heavy trade to produce commission-based incomes. Seeing that more investors flown onto the bandwagon return on investment shares and considerations were ignored as the succession of buying and sale gathered momentum, with entrepreneurs ruling the roost.


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