Anybody looking for real estate assets inside the United Arab Emirates does not need to look any further than Dubai. From beaches to sporting arenas, department stores, spas plus more, Dubai offers all the amenities. In addition, highly profitable prospects for job seekers and company owners attract more expatriates every year, and the low crime rate makes Dubai a safe place to bring the family.
The Expanding Dubai Property Sector
After having a slow start, the housing market in Dubai picked up momentum as the cost of rent and property values settled down substantially in the last quarter of 2011. At present, the burgeoning construction of new hotels, private villas, apartment houses and commercial buildings plays a role in Dubai's emergence as a major property hub.
Residential Real Estate in Dubai
Even though all parts of Dubai's property market show growth, the need for Dubai luxury homes has climbed the fastest, and together with their relative scarcity has brought about a similar rise in prices. Throughout the first quarter of 2012, the price tag for villas increased by around four percent, and rental rates for similar properties went up by between 2-3%. At the same time, rents for single bedroom apartments in downtown Dubai rose by 5%.
Commercial Real Estate in Dubai
In the year 2011, an unfortunate scarcity of successful business deals caused the commercial market in Dubai to decline by around 2%, with a drop of approximately 1% in commercial rental income. Industry experts, however, forecast a returning resurgence in Dubai's corporate sector as building owners improve their properties, extend incentives and alert possible tenants about the safety of Dubai's business climate.
Property Management Service in Dubai
Anybody making an investment in Dubai real estate for rental reasons, can capitalize on the region's numerous professional property management services. A decent property management service won't just gather rents, carry out inspections, deal with leases and budget expenditures, but a talented property manager also will provide the absentee landlord with reassurance, making the whole experience beneficial to all.
What is the Outlook for Real Estate in Dubai?
During the second quarter of 2012, Dubai's real estate sector carried on growing, especially where Dubai luxury homes were concerned. Real estate agents currently expect a renewed property boom in Dubai in 2013.
In general, Dubai's real estate sector is on the right track, with rental and luxury residential properties showing the greatest promise. If, as is hoped, the solid growth spreads from the heart of the city to its outlying suburbs, the foreseeable future of Dubai real estate should continue to be exceptionally bright.
The Expanding Dubai Property Sector
After having a slow start, the housing market in Dubai picked up momentum as the cost of rent and property values settled down substantially in the last quarter of 2011. At present, the burgeoning construction of new hotels, private villas, apartment houses and commercial buildings plays a role in Dubai's emergence as a major property hub.
Residential Real Estate in Dubai
Even though all parts of Dubai's property market show growth, the need for Dubai luxury homes has climbed the fastest, and together with their relative scarcity has brought about a similar rise in prices. Throughout the first quarter of 2012, the price tag for villas increased by around four percent, and rental rates for similar properties went up by between 2-3%. At the same time, rents for single bedroom apartments in downtown Dubai rose by 5%.
Commercial Real Estate in Dubai
In the year 2011, an unfortunate scarcity of successful business deals caused the commercial market in Dubai to decline by around 2%, with a drop of approximately 1% in commercial rental income. Industry experts, however, forecast a returning resurgence in Dubai's corporate sector as building owners improve their properties, extend incentives and alert possible tenants about the safety of Dubai's business climate.
Property Management Service in Dubai
Anybody making an investment in Dubai real estate for rental reasons, can capitalize on the region's numerous professional property management services. A decent property management service won't just gather rents, carry out inspections, deal with leases and budget expenditures, but a talented property manager also will provide the absentee landlord with reassurance, making the whole experience beneficial to all.
What is the Outlook for Real Estate in Dubai?
During the second quarter of 2012, Dubai's real estate sector carried on growing, especially where Dubai luxury homes were concerned. Real estate agents currently expect a renewed property boom in Dubai in 2013.
In general, Dubai's real estate sector is on the right track, with rental and luxury residential properties showing the greatest promise. If, as is hoped, the solid growth spreads from the heart of the city to its outlying suburbs, the foreseeable future of Dubai real estate should continue to be exceptionally bright.
About the Author:
Trying to find luxury homes in locations like Dubai? Then take a look at Oryx World online today to find a wide range of properties on the market and information on living in Dubai! Oryxworld.com.
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