Future Of Real Estate In Dubai A Mixed Bag, Say Experts

Will the phoenix rise again? Like the legendary creature that rises from the ashes

and is seemingly indestructible, Dubai's property market needs a savior. The once booming real estate sector of this fair Emirate has hit a brick wall. And as to the future of Dubai's property market, even the experts have divergent and contrary opinions. It seems that it all depends on which sub sector of the property market you are talking about. A well conducted micro analysis of this sector seems to be sorely needed, as one can arrive at an opinion that is clearly not shared by others. Its all in the data and the analysis that you choose to rely upon in making these estimates. Meanwhile, the scare and the dejection of investors is still being reflected in the property market. Advertisements involving dubai property for sale and even abu dhabi property for sale clearly reflect this trend. Far from the healthy picture that the market presented over a year or so ago, in which the investor could hope for a handsome return on his investment, today we see that property for sale in dubai and property for sale in abu dhabi are both reflecting this trend.

Business Intelligence of the Middle East has warned its readers that Dubai home prices may drop by another 30% and take at least a decade to recover as more properties become available to a shrinking population. Even stock valuations of UAE property companies have troughed following the downturn in the real estate sector in the region over the past 12 months. For Dubai property to grow in value, it is imperative that the economy needs to not only recover but also become so profitable that people once again want to come and live and work in this Emirate.

Opportunists abound and if you look at uae property for sale or even most uae property websites, it certainly appears that the short term investor is content to cash in his chips and leave the gaming table. This is true both of the dubai real estate market and the abu dhabi real estate . While dubai properties show all the signs of arrested development, there seems to be more life in renting out abu dhabi apartments and dubai apartments these days. Life seems to be slowly creeping back into this sector, as both abu dhabi properties and dubai properties have taken a hit, and the apartment sector is the only sub sector of this industry that is showing some signs of life.

by: Whatley

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