Dubai Property Link will be the prime spot for seeking expert advice and up-to-date information on Dubai Real Estate. The website will be designed with the sole purpose of helping our countless customers, around the globe, make well informed and learned decisions while investing in Dubai real estate, the site will offer insight into the various development projects of the city, their scope and the general buying and selling trends of the day.
Dubai real estate is one of the most important pillars upon which the city’s economy rests. Over the course of years, Dubai has undergone phenomenon growth in terms of both tourism and its real estate. The rapid developments across all areas of the city have resulted in the building of all kinds of Properties in Dubai ranging from hotels, to apartments, plazas to offices and homes. All of these developments have caught the eyes of realtors and investors from across the globe, looking to explore the opportunities Dubai has to offer.
Dubai, which is regarded as a global city, became a true metropolitan during the late 1990s and early 2000s. It was during this time that the oil led economy of the Emirates brought in massive investment for its real estate sector. The growth of its real estate sector triggered a chain reaction which led to the development of its various other sectors as well. Enticed by the opportunities offered by the city, many foreigners rushed to making the most of it. Because of all of these factors, the city underwent a massive expansion of up to 300%, welcoming the masses, which were pouring in from all corners of the world. Today, the city is dotted by a cornucopia of innovative large construction projects which have taken these properties in Dubai to a whole new level.
The interesting thing about the various development projects of the city is that much of it is driven in unison with the city’s policy of giving a boost to its tourism. Several of its development projects are designed to solely promote its tourism such as The World Islands, The Jumeirah Palm, The Palm Islands. To accommodate hordes of tourists pouring into the city, Dubai has its own version of short term occupancy in the form of short term apartments. Short term apartments constitute a sizable chunk of Dubai’s real estate where they provide tourists an affordable substitute of expensive luxury hotels. Much of Dubai Rental market relies on tourists and expatriates.
The fluctuating rental prices and rates of properties in Dubai seem to have a noticeable affect on the adjoining emirates as well. Abu Dhabi Properties & Real Estate, which over the years has grown to quite an extent, has become a major player in the economy of Abu Dhabi. Construction and the financial sector of the states combine to form some 35% of the total economy. The dynamics of properties in Abu Dhabi is no different from that of Dubai and draws a lot of attention from international developers, investors, and realtors. If you are looking for information on the real estate sectors of either of the cities, look no further since Dubai Property Link will cover the real estate of both the cities. We have it all here for you.
At the end of 2008 the real estate market in UAE suffered a collapse and properties all over the region took a plunge. However the situation as of 2012 has changed and the rental market has bottomed out and looking to grow again. Also according to recent surveys conducted at the end of 2011, there are more buyers in the market than sellers. In some areas the prices fell below the original selling price, however the ground seems all set for a recovery with the long term perspective. This means we might never see properties at these prices and as an experienced trader, we at Dubai Property Link would encourage investors to make the move now. The market is ripe and ready for a great recovery. With the Arab spring further facilitating the market, it’s just the right time to make a killing.