UAE: Dubai Real Estate

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Over the past four decades, Dubai has become one of the most important economic centres in the Middle East and a key destination for investors, tourists and corporations from around the world. The emirate boasts a diversified economy, an open business environment, and a multinational population and workforce, all of which have contributed to its reputation as a leading investment destination.

With greater emphasis being placed on quality rather than quantity, the real estate sector is witnessing increasing competition in the facilities management sphere, presenting opportunities to experienced companies looking to maintain both commercial and residential buildings.
Prices in Dubai’s residential property segment have posted solid growth over the past few months, and other areas of the sector are also showing signs that recent declines are beginning to reverse. However, due to excess supply in many segments, it will be some time before demand catches up with new development.
Dubai’s property market is validating the adage that the three most important factors in real estate are location, location, location. While much of the market is expected to post modest gains this year before rebounding more strongly in 2012, residential and commercial properties close to the emirate’s growing metro network are increasing in popularity and value at a healthier pace.

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