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Sep 12

DUBAI PROPERTY MARKET – BOOM TIME AHEAD

DUBAI PROPERTY BOOM

<img class="size-medium wp-image-57 alignright" src="http://livedubai.org/wp-content/uploads/2016/09/Dubai-property-market-boom-300×189.jpg" alt="dubai-property-market-boom" width="300" height="189" srcset="http://livedubai.org/wp-content/uploads/2016/09/Dubai-property-market-boom-300×189 top article.jpg 300w, http://livedubai.org/wp-content/uploads/2016/09/Dubai-property-market-boom.jpg 500w” sizes=”(max-width: 300px) 100vw, 300px” />Just over half of Dubai’s residents expect the property market pick up over the next 12 months.

Many property agents have declared that the price slump is over and that there will be a sustained period of growth over the next few years.

A majority of Dubai property owners hope to buy again this year or next year and that they agree that now is a good time to buy before prices reach dizzy heights again.

Buyers have got their eyes on Dubai Marina or Downtown Dubai

The first 8 months of 2016 saw £32 billion invested in Dubai

There is expected to be a surge in the workforce coming to Dubai over the same period giving a strong foundation to the property market. Tourist numbers are also on the increase which will mean a buoyant short term let market

 

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