UAE Real Estate Market in the News
From the last few years the UAE real estate market has become breaking news for worldwide new broadcasters. In the beginning the news was negative but today this market is one of the most favorite investment options for worldwide investors. When the ball dropped on the New Year, it seemed like it brought a new vitality to Dubai and the rest of the region's real estate industry.
Dubai Property College has officially joined with the Arab Administrative Development Organization (AADO) in a new scheme to increase real estate sector professional education and training throughout the region. Mahmoud El Burai, Director of the College and the Director for Real Estate Development for RERA, the Real Estate Regulatory Agency, is quoted as saying: "It puts in place the foundation not merely for harmonization of standards and practices but also for the creation of a real estate bloc with huge appeal and, significantly, credibility for investors from any part of the world. The aim is to get the professional practice right by making sure the training is available to a level which is aligned with best international practice."
According to the CB Richard Ellis report, many different projects were on a hold in 2009 but today these are reactivating by new contracts and moving to completion. Prices are already low and will go down even more with the introduction of new inventory. Many different property owners and renters are using different tactics to attract tenants. With the new development in all over the UAE the investment opportunities are also rising day by day. With prices in some areas off more than 50% from their peak, institutional investors are entering the picture, buying up in size and quality to increase their holdings.
For those who are looking for an investment opportunity that doesn't surrender to the international fall trend in real estate investment transactions, Dubai property for sale still appears to be a profitable option.
Dubai, which is also well-known for its amazing architectural growth and spectacular designs, offers you plenty of options to choose for investment in UAE. Also, real estate in Dubai is a safest gamble for making any overseas profitable property investment.
Many of us think that why and how this sudden rush appeared in UAE real estate. One of the major factors behind this rise is in the demand for the property investment in UAE. This place is not only suitable for profitable investments but it is also well known for its tourists and entertainment attraction. Also the government has allowed freehold possession of the property by any outsider, which allows the assets owners to rent out or sell the property each time they desire.
All considered, the UAE appears to be in a position to see a return of some of the excitement of the past in real estate development. UAE continues to set ground-breaking records for building and development, taking UAE to the front of the most favored real property destination in the entire world.
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