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 real estate market 'seen as a safe haven'

Date : (News Section: United Arab Emirates)

Share
Dubai real estate market 'seen as a safe haven'
For many potential investors in the Middle East, Asian sub-continent and other locations such as Russia, the United Arab Emirates (UAE) property market - and particularly Dubai - is considered to be a safe haven.

Middle East economist at Citigroup in Dubai Farouk Soussa told Reuters the emirate is the obvious target for many property buyers.

"Perceptions are that the real estate market has bottomed out. If you are looking for more long-term investment, the market in Dubai seems reasonable," he asserted.

The news provider cited figures from the emirate's government, which revealed Indian buyers were the most active in the luxury Dubai property market, followed by Iranians.

It isn't only the residential sector where a recovery is taking hold, with the Royal Institution of Chartered Surveyors (Rics) recently revealing there are expectations of capital value increases in the UAE during the third quarter of the year.

The Rics survey also found there was a rise in the number of investor enquiries relating to commercial property in the country during the three months from April to June.
 
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.

Download Impact Investing Report
Development Showcase

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