Investors from Singapore & Iran are about to hit the property market in Dubai
23/03/2013
Based on the report from Knight Frank, known as a master leader for providing highest standards of property solutions through a comprehensive range of services on all aspects of property across the following sectors: commercial, residential, and others, it said that the prices for villas which are in the prime locations in Dubai increased around 20 per cent in 2012. Among the top three buyers are from other countries such as India, Russia, and Pakistan.
On the other hand, according to one of the leading realty brokers in the Emirate, it said that both the investors from Singapore and Iran will be possibly leading the rank for the highest amounts to be spent in purchasing properties within this year 2013 in Dubai.
In addition, as the Emirate of Dubai is now recovering from the huge impacts of economic crisis, a large number of property buyers are indeed from Indian, Pakistan, Russians, Britons, and other Gulf Cooperation Council (GCC) nationals who are continuously investing in the Emirate’s property market in particular. According to Director of Residential at Knight Frank in Dubai, Helen Tatham said that most of the property developers in the Emirate have already started expanding beyond the traditional markets as well as have been targeting buyers both from Africa and Asia.
Now, the property prices for new property in the Middle East and Africa have increased if compared to the previous year; or rather they have just increased over the past three months. However, Knight Frank predicted that after a couple of years, some of the rich or high net worth investors in the UAE will also go to emerging countries such as Monaco, Hong Kong, and Malaysia because of the fact that the prime property markets are currently becoming more global to some extent.
On the other hand, according to one of the leading realty brokers in the Emirate, it said that both the investors from Singapore and Iran will be possibly leading the rank for the highest amounts to be spent in purchasing properties within this year 2013 in Dubai.
In addition, as the Emirate of Dubai is now recovering from the huge impacts of economic crisis, a large number of property buyers are indeed from Indian, Pakistan, Russians, Britons, and other Gulf Cooperation Council (GCC) nationals who are continuously investing in the Emirate’s property market in particular. According to Director of Residential at Knight Frank in Dubai, Helen Tatham said that most of the property developers in the Emirate have already started expanding beyond the traditional markets as well as have been targeting buyers both from Africa and Asia.
Now, the property prices for new property in the Middle East and Africa have increased if compared to the previous year; or rather they have just increased over the past three months. However, Knight Frank predicted that after a couple of years, some of the rich or high net worth investors in the UAE will also go to emerging countries such as Monaco, Hong Kong, and Malaysia because of the fact that the prime property markets are currently becoming more global to some extent.
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