Since the dawn of CY 2013, Dubai, Global and Business Hub of the Middle East has been marking a perseverance growth. Analysis report at Bayut.com, a real estate portal of Dubai states rising sale price movement has brought about a revolution in the market. But the question still persists as to weather it really benefitted in terms of increased investment to which the answer is positive. The valid reasons are:
Accelerated growth in properties: Multifarious and populous developers have extended a helping hand in launching new projects in Dubai. Emaar, Nakheel, Dubai Investments, MAG Group, Union Properties and Orion Real Estate Development are some of the outstanding firms who have played a major role in developing Dubai thus building in the self confidence of developers and investors about the future of the market.
Willingness of International Investors
A survey was conducted by Cluttons – a real estate company for ranking the hot real estate investment place in the world the consequences Dubai ranked the second as an investment spot. Gulf Business too in one its publications verified the planning and execution of some of the international investors to invest in the real estate market of Dubai.
Wining the bid for hosting the World Expo 2020 it would be the third largest international event after Olympic and FIFA and as it will rope in many local and international entrepreneurs this is an apt time to sow the seeds and reap the harvest by 2020. This well explains that Dubai is at the receiving end of increase in investment as new launches by developers, international investors eyeing and eager to invest and above all hosting Expo 2020 which indeed will yield rich results in years to come.