Stable Dubai Property Market Boosts Confidence of Investors

Dubai’s new regulations in property transactions including selling and buying has helped the city to achieve more stability in the property market in terms of attracting more genuine end users to the residential real estate.

The residential tower in Dubai Marina built in 2008 sold out 90 percent of its units in five months. According to UK based property investment company, Select Property, which is witnessing strong sales of its £71 million West Avenue project is sure that Dubai property market is rebounding.

On West Avenue 270 one and two bedroom apartments are on offer starting at £122,500 as well as luxury penthouses with a price tag of £1.2 million. The only notable change is that just 6 percent of the sales are going to UK buyers, that is down from 60 percent of 2008, indicating that British buyers are still cautious.

Now the buyers are typically those who really want to live in the property or rent it out to Dubai residents. This is quite different from the average buyer of pre 2008 phase who was only looking to take advantage of rapid capital appreciation.

Investing in Dubai Property Always Lucrative

Real estate investments in Dubai have always been lucrative. As a dazzling metropolis and  international financial trade centre, Dubai is a dream location for all and the appeal   of Dubai properties will never diminish. There is always property for sale in Dubai.

Dubai’s focus on new projects has triggered a relentless demand for properties in Dubai to buy, with demand outstripping supply. Be it a new home or a high rental income Dubai’s diverse portfolio of residential as well as commercial opportunities, including the hotel  Apartment sector remains great opportunities for investment.

The Time is Perfect to Invest in Dubai Real Estate

If you have been waiting for a good time to invest your hard earned money into a profitable Dubai property, then this is just the time! Industry experts suggest that Dubai real estate market is growing significantly after the excellent recovery that it made by the end of 2012.

Some experts believe that the positive trend is mainly in the prime projects of excellent quality and high-end locations only, with the not so desired locations still experiencing voids. But that’s not quite true when you look at the facts and figures.