The Dubai real estate market is set to witness a strong return on investments in the range of nine per cent to 12 per cent per annum, which will be a major attraction for investors.
The realty sector is on a very strong growth trajectory and offers a huge growth potential in the coming months for the investors, The study revealed that the contribution of the UAE real estate sector to the country’s gross domestic product (GDP) would touch Dh111.4 billion in 2013, which is expected to further rise to Dh118 billion by the end of 2014. The sector’s contribution to GDP was Dh108.2 billion in 2012 and Dh99 billion in 2009.
The realty sector is on a very strong growth trajectory and offers a huge growth potential in the coming months for the investors, The study revealed that the contribution of the UAE real estate sector to the country’s gross domestic product (GDP) would touch Dh111.4 billion in 2013, which is expected to further rise to Dh118 billion by the end of 2014. The sector’s contribution to GDP was Dh108.2 billion in 2012 and Dh99 billion in 2009.
The rising confidence and the strong fundamentals in Dubai and Abu Dhabi have led the growth in the real estate sector of UAE, the Tasweek study said.
“The Dubai real estate fundamentals are set for a steady growth in the next few months, driving the overall optimism and growth potential on offer, due to the consistency and consolidation witnessed in the primary markets of Dubai and Abu Dhabi,” Masood Al Awar, chief executive officer of Tasweek Real Estate Development and Marketing, said in a statement to Khaleej Times on Tuesday.
Based on market intelligence, the research suggested a major spur in the growth with increased investor activity across a wide spectrum of real estate projects in both Abu Dhabi and Dubai. These projects will increase the amount of spending which will stimulate job creation, he said.
“2014 will mark a major change in the growth of the dubai real estate sector, specially that world economic recovery started with eurozone comeback and US housing growth pushing the mortgage lending and interest increase all of which will become be more robust and sustainable,” the research said.
“The prospects are good for the UAE’s endured property market as Abu Dhabi and Dubai as a preferred global real estate hub provide sufficient boosts to maintain momentum through next year,” said Al Awar.
For Dubai Real Estate listings contact Provident Real Estate
“The Dubai real estate fundamentals are set for a steady growth in the next few months, driving the overall optimism and growth potential on offer, due to the consistency and consolidation witnessed in the primary markets of Dubai and Abu Dhabi,” Masood Al Awar, chief executive officer of Tasweek Real Estate Development and Marketing, said in a statement to Khaleej Times on Tuesday.
Based on market intelligence, the research suggested a major spur in the growth with increased investor activity across a wide spectrum of real estate projects in both Abu Dhabi and Dubai. These projects will increase the amount of spending which will stimulate job creation, he said.
“2014 will mark a major change in the growth of the dubai real estate sector, specially that world economic recovery started with eurozone comeback and US housing growth pushing the mortgage lending and interest increase all of which will become be more robust and sustainable,” the research said.
“The prospects are good for the UAE’s endured property market as Abu Dhabi and Dubai as a preferred global real estate hub provide sufficient boosts to maintain momentum through next year,” said Al Awar.
For Dubai Real Estate listings contact Provident Real Estate