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Dubai Travel Guide

The Return of Dubai Property

Posted: Jan. 4th, 2013  |  By Michael Pearse
Dubai Villas
AME Info

Investments in Dubai's property have spiked this year as the market finally recovers from the 2008 bubble burst. With 2 strong years in a row and a solid economy reestablishing its self, investment in Dubai has never been smarter.

This was an eventful year for Dubai's real estate market as a measure of confidence emerged in the sector for the first time since the emirate's property bubble burst in 2008.

Momentum in the market had been slowly building at the tail end of last year, and by the spring of 2012, a number of property analysts began to report that prices had reached the bottom in certain parts of Dubai.

 

The turnaround was boosted in part by investors from the Middle East and South Asia looking for a safe haven to park their money. The market was given a further shot in the arm by developers Emaar Properties and Nakheel who launched several off-plan projects, some of which were sold out in a matter of days.

Read More on ameinfo.com

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