Progress in investment of Dubai Real Estate
Dubai for long has remained center of world’s real estate and property business. The real estate sector of Dubai has for long proved itself as the single most progressed sector. In esters from all round the world are attracted to invest in the property sector.
The massiveness of the property and real estate sector in Dubai can be imagined by the fact that nearly 25% of all the infra-structure building machinery is presently located in Dua. The race and passion of authorities of Dubai yo buikt the tallest and biggest infra-structure has taken real estate business to new levels. Burj Al-Arab, burj Khalifa, palm islands are few examples of what Properties in Dubai is up to. These all massive engineering miracles have turned Dubai inyo a real estate and property paradise for foreign and local investors. The palm islands are the biggest man made islands in the world with its exotic beauty and unmatched luxury and comforts, palm islands surely lure the investors to invest and buy Dubai property. This is just the start as when you are in Dubai the luxury and comfort just doesn’t ends.
With all the massive investment and engineering miracles, investors are bound to be attracted. There is huge influx of foreign investment which is increasing every year. Dubai government authorities are taking keen interest to attract more and more investors and taking many necessary measures in this respect. Not only houses and hotels are being built, rather there is constant increase in demand of offices. To have your own office in Dubai is getting harder and harder due to the high rates and constantly increasing rents.
The ever going inflation is one of the most fundamental set back that Dubai is facing today. The rental offices and residence apartments are undergoing constant inflation. It has almost becomes impossible for a small and new investor to own his/her own private office. Many crucial and important steps are being taken by authorities to overcome this issue. Many new projects have been started and many are underway of their completion. The inflation is not only affecting the offices, rather investing in real estate sector has also been affected due to expensive costs of Dubai property. There are many important measures that authorities are taking in this aspect and there are much more to go.
In order to maintain equilibrium between expense and luxuries, now there are many economic and cost effective projects that are underway which will surely lure small and new investors to buy Dubai property. It is expected that the total of $350 billion will be invested in the next decade in Dubai. From this huge investment, a massive share that is around $210 billion is estimated to ne invested in real estate and property sector alone. This huge investment will allow authorities to establish cost effective infra-structures so as to reduce the onslaught impact of growing inflation. If the Dubai authorities are successful in overcoming this issue than this surely will be the single most effective reason to attract a huge number of foreign investors in investing in Dubai.
Author Bio
Alicia Arlen has been associated with the real estate industry of Dubai for the past 8 years. Being a real estate broker herself, Alicia Arlen specializes in buy dubai property, especially Aparments in dubai and Dubai properties for sale. She writes articles for various online blogs and is a regular contributor here on our site.
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