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FINANCIAL NEWS
Dubai real estate escalates due rising confidence
31 Jul 2013
(MENAFN) Dubai’s real state market has welcomed increasing foreign and Arab investors in the first half to register USD14.4 billion transactions value, reported Khaleej Times.
The city’s steady economic growth and inviting market environment has raised the investor confidence, as foreign investors surged by 73 percent in the first six month to June 30, compared to last year, to comprise 60 percent of the new investments value.
“Dubai’s real estate market is a lucrative one for its stability, diversity and promise of high return on investment. These factors continue to inspire confidence in local, regional and international investors alike, whose transactions in turn contribute to sustained momentum of the market’s growth – signifying complete recovery from the global financial crisis,” director-general of the Government of Dubai Land Department Sultan Butti bin Mejren said.
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