Any person searching for real estate assets inside the United Arab Emirates needs look no further than Dubai. From beach fronts to golf courses, shopping malls, spas and more, Dubai has it all. Additionally, lucrative opportunities for people looking for work and company owners attract more expatriates each and every year, and the low crime rate makes Dubai a safe place to bring the family.
The Growing Dubai Property Market
After a poor start, the housing market in Dubai gathered momentum as rental prices and real estate values settled down substantially in late 2011. These days, the burgeoning construction of new hotels, private villas, apartment houses and industrial buildings contributes to Dubai?s emergence as a key property hub.
Residential Real Estate in Dubai
Even though all parts of Dubai?s property sector show growth, the need for Dubai luxury homes has climbed the fastest, and together with their relative scarcity has brought about a similar increase in prices. At the start of 2012, the selling price for villas escalated by about 4 percent, and rental rates for similar properties increased between 2 and 3 percent. At the same time, rents for one-bedroom apartments in downtown Dubai rose by 5%.
Commercial Real Estate in Dubai
In 2011, an unfortunate scarcity of productive commercial enterprise deals caused the commercial market in Dubai to drop by about 2%, with a decrease of approximately 1 percent in company office rental income. Analysts, however, forecast a returning resurrection in Dubai?s corporate sector as property owners better their properties, broaden incentives and impress upon potential tenants the safety of Dubai?s business environment.
Property Management Service in Dubai
Anybody purchasing Dubai real estate for rental purposes, can capitalize on the city?s numerous professional property management services. An effective property management service doesn?t just collect rents, carry out inspections, take care of leases and budget expenditures, but a talented property manager also will provide the absentee landlord with peace of mind, making the experience beneficial to all involved.
What is the Outlook for Real Estate in Dubai?
In the second quarter of 2012, Dubai?s real estate sector continued to grow, particularly where Dubai luxury homes were concerned. Realtors now expect to see 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 expected, the sound growth spreads from the city centre to its outer surrounding suburbs, the foreseeable future of Dubai real estate should continue to be exceptionally bright.
Are you searching for international real estate in locations like Dubai? Then take a look at Oryx World online today to discover a wide selection of properties available on the market and information on living in Dubai! Oryxworld.com.
Source: http://constructionadvice.org/dubai-luxury-homes-really-are-a-sound-investment/
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