Dubai property market still forecast to grow
The Dubai property market still has significant growth according to a recent article by Gulf Weekly. The report goes onto to say it expects growth to continue for years if not decades.
Described as a ‘city for the future’, due to the thriving business community, particularly with expats from Britain and Europe - the thriving tourism industry is seen as a major catalyst to the ongoing success of Dubai and its property market.
A quote from the Gulf Weekly article went on to say - “One of the incredible things about Dubai is that the growth to date has been based on promises alone.
“Now we are starting to actually see delivery.”
May 19th, 2008 - Posted in Dubai Property News, Forecasts | | 0 Comments
Why its good to buy property in Dubai
With much of the UK and Europe in the grip of a financial slowdown, many developers are having to work a lot harder to find not only a good property, but also a good sector in which to invest. Whilst other locations may have slowed down, it appears investing in a property in Dubai may still be good for your bank balance, particularly if you are looking at your purchase as more of a long term investment and with the rental market in Dubai in mind.
Last week, the Deutsche Bank announced it was relocating more staff to its offices in Dubai, a move expected to be mimiced by other competitors, as many financial organisations look to exploit the boom in the oil industry. Many of these financial professionals are used to paying a premium for property, particularly given that most of these expatriates are often moving from other high cost financial centres such as London and Barcelona.
In keeping with recent trends, the rental market in Dubai is still fairly buoyant at present. This presents the opportunity of a reasonable rental yield particularly in the short to medium term.
As usual though it pays to be careful with your property purchase taking into mind, location and your target market.
May 12th, 2008 - Posted in Forecasts, Uncategorized, dubai property | | 0 Comments
Easyhotel to Build Thier First Middle-East Property in Dubai
Easyhotel, founded by Sir Stelios Haji-Ioannou - the entrepreneur who revolutionised air travel in Europe with his low-cost airways EasyJet, has announced plans to build thier first hotel property in the Middle East. The hotel will be located in Dubai and is expected to open in 2009.
The hotel property is under development by Nakheel, the property developer responsible for dubai property projects including the Palm Jumeirah and the World. Nakheel Hotels, the hotel property development, investment and asset-management branch of Nakheel, has the exclusive rights to the Easyhotel franchise in the Middle East and North Africa.
The 216-room dubai property will be located in the Jebel Ali Free Zone, which is currently home to around 6,000 companies. Construction is due to start at the end of May 2007. The hotel will be built according to LEED (Leadership in Energy and Environmental Design) standards, which address criteria including water efficiency, materials, resources, and innovation and design process
May 8th, 2008 - Posted in dubai property | | 0 Comments
