Dubai Property Growth Driven by Foreign Investment
The property market in Dubai is largely being driven by foreign investment, with 60-70% of freehold properties currently being purchased by foreign property investors and individuals, according to a recent study.
Despite rising costs and shortage of contractors, the property sector in Duabi is still one of the most important investment areas in the UAE. Investing in property for sale in Dubai is seen as safe and financially rewarding and currently better than investing in bonds or stocks, with the return on the investment reaching as high as 40 per cent - an impressive figure.
With property developers in Dubai having around USD 100 billion worth of new development projects in hand, foreign investment by both developers and buyers remains vital for the continued growth of the property sector in Dubai.
Investors from Europe, Asia and China as well as emerging markets such as South Korea and Brazil are now increasingly showing interest in the lucrative property market of Dubai.
May 28th, 2008 - Posted in Forecasts, dubai property | |
