Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

 
Secure Exit Strategy


Dubai property prices on the rise

Date : (News Section: United Arab Emirates)

Share
Dubai property prices on the rise

The value of prime residential real estate in Dubai has risen in the first three months of 2012.

In the latest Knight Frank Prime Global Cities Index, the destination in the United Arab Emirates (UAE) experienced a four per cent climb in property values in the first quarter - higher than any other city included in the study.

However, values are only 0.3 per cent higher year-on-year, although it is still the best-performing Middle Eastern location included in the survey.

On average, the price of prime properties around the world slid by 0.4 per cent in the three months from January to March, with the firm noting investors will continue to focus on places that have "low political risk, transparent legal systems, good security and ideally [...] a high-net-worth-individual-friendly tax regime".

Dubai recently announced it will introduce new legislation to protect foreign real estate investors, including a law that prevents developers selling properties before at least 20 per cent of a scheme has been constructed.


Share

Article created on behalf of Propertyshowrooms.com News Desk ()

Related Articles

  1. UAE Cities Named Among Fastest Growing Property Markets
  2. UAE Prices Could Reach Pre-Crisis Levels by 2014
  3. Lack of Data Causing Issues in UAE Market, Say Experts
  4. UAE Property Auctions Could See Investors Grab Bargains
  5. Renting Trumps Buying in UAE, Giving Edge to Investors



Let us search for you Let Us find Property in United Arab Emirates for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in United Arab Emirates.

SubscribeGet Email Updates!

   

* We value your privacy and will never share your email address with anyone else.

Min. 35% Net Return over 5 Years from 82,000GBP
Investment Property

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: United Arab Emirates
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo