Boom times for Dubai Property
With demand outstripping supply, high rental yields still increasing and the price of freehold property rising sharply Dubai’s economy is now booming as it attracts more and more foreign investment to its ever growing property market.
An estimated 4 million sq ft of commercial space will be completed between September 2008 and mid-2009 and more people will move to Dubai to work. This alone will put renewed pressure on Dubai housing supply which will in all likelyhood push freehold property prices and rental income up even further.
Because of strong fundamentals, the long term outlook for the property market in Dubai is very positive with some strong signs of speculative activity taking place in off plan Dubai properties.
July 24th, 2008 - Posted in Property News, dubai property | |
