Dubai
property Is Over - Hardly
By Siddeek Talati
It seems that every time I tell someone what I do, I get the
same reply. It goes something like this
“Dubai property is over, yesterdays news”
“Really?” I say,
“Absolutely, it was booming a few years ago but not anymore”,
“According to whom?” I ask
“Everyone”
Good
news all round
It seems that the property developers don’t share these
concerns as billions of dollars have been invested into projects
newly announced this year. The largest project announced in
Dubai to date was announced this year. Capital values haven’t
stopped increasing and concurrently neither have rental values.
The
finance market is on the up and starting to mature. A broader
range of finance products have been announced by existing banks
offering more sophisticated and developed options as well as
many newer banks moving in and presenting their spectrum of
products.
There
are also an endless number of articles by financial advisers
which sing the praises of investing in Dubai property. These
cover topics such as the new property laws that have been introduced
which have supported international investment in Dubai through
to anecdotes about 25% of the world’s cranes being located
in Dubai.
It
is hard to believe that so many large organisations that have
invested billions in Dubai have not done their due diligence
beforehand.
No
news is bad news
It seems that the concerns of the naysayer arose not from negative
reports of Dubai but rather a lack of positive ones. All this
information is not filtering through to the public at large,
at least not in the UK. Dubai is no longer mainstream news as
it was five years ago. The novelty of giant artificial islands
or an entire brand new city made from the ground up in the desert
has worn off. In order to find new information, specialist news
services on the Middle East or international economy and property
have to be read.
As
a result people are not as excited about Dubai property as they
were five years ago when it could be argued that it is now a
more exciting time. Emirate Ventures Ltd, a UK based Dubai property
agency, has seen a healthy level of inquiries and sales continue
despite this change in perception.
Everyone
is an expert apparently, but the real experts agree that Dubai
is not over by any means. It has matured and continuing to grow
at a very healthy pace.
Emirate
Ventures ltd is a UK based real estate agency specialising in
Dubai property investment.
For further information contact
Siddeek Talati
Emirate Ventures ltd
http://www.EmirateVentures.co.uk
Article Source: http://EzineArticles.com/?expert=Siddeek_Talati
