Dubai property news

Dubai property news

Based on materials http://www.thefirstgroup.com

Recent Dubai property news proves that the market condition remains stable and favorable, attracting more buyers and investors to the emirate real estate sector. It was named “world’s hottest property market” that attracted 140 nationalities investing in it throughout 2014 and appeared to be world's best performing markets for seven consecutive quarters.
The market growth is expected to reach about 4.5 percent this year.
The strongest occupier and investment demand exists for well located, good quality buildings situated in the established communities.
Growth factors for Dubai property are positive economic outlook, increase in tourist numbers, a rise in per capita income and changing consumer behavior.
The market in the whole is currently undergoing a maturity stage. It can be witnessed in customers’ behavior patterns as they have also become more educated, mature and responsible, buying properties from established and reputable developers. It is also ensured by government initiatives aimed on enhanced market performance and increasing market transparency.