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Dubai Real Estate Sector is still active despite the decline in prices

UAE - September 30, 2015
Dubai Real Estate Sector

Many recent studies revealed that the real estate market conditions in Dubai are now favorable for sustainable investment especially that real estate prices in recent times witnessed a decline of 25%.

In a report for “Financial Times”, it pointed out that the real estate investment return reached 7% in addition to the flexible laws and order, all this is only a proof of the continued activity of the real estate sector and that the Emirate is still seeking to attract more investments.

The report also added that despite the decline in real estate prices in some areas of the emirate, but the key projects such as Dubai Marina, Palm Jumeirah and Jumeirah Lake Towers were not affected by this decline.

And what also proves that the emirate is still keeping its activity is that the tourism sector grew by 9% during the first half of 2015, where the total number of visitors who came to the emirate in that period reached more than seven million people.

 

Source: alarabiya.net

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