Dubai Unbeatable In Residential Property Demand

For Dubai, year 2013 was an affirmation of sorts that the Dubai real estate market is resilient and unbeatable.

So the Property for sale in Dubai is set to ensure high returns. Not only the Dubai property market it moved out of the slump but it also managed to catapult itself to the second spot globally as a high performing realty market.

Globally the rates of luxury residential property grew in 14 global cities. But the highest growth of 2.5 percent in premium properties was recorded only in Moscow, Dubai and Miami. So Dubai is in an envious position as the strongest performing real estate market in terms of the appreciation in property value both in residential and commercial realty.

The reason for Dubai real estate staying in the top slot is because of the high value addition in its property offerings, which are world class in terms of standards and luxury. These real estate products including luxurious villas are awe inspiring as the best man-made marvels in construction.

The launch of many prestigious projects in the last few years has made Dubai the darling of international investors as a popular destination.

The prices are up. Throughout 2013, price of villas is supposed to stay high in the range of 5 to 10 percent. Dubai’s realty market is getting a greater number of queries from professionals based in the UK and USA. Also affluent Asians are buying out large chunks of Dubai property.

For investors there is reason to be happy as a recovery in rents and prices in residential property has been phenomenal. Growth of sales in the first three months of 2013 also showed that the government is handling this recovery cautiously. The Government’s step of setting a limit on mortgages and quick reselling is a major corrective step.

There is more optimism in the property front. Arrival of new projects such as Golf course by Donald Trumps and revamping of The Walk at Dubailand and various luxury villas mean that Dubai is going to achieve what no other state has done before in terms of great returns to the state.