Posted by Neil King
Dubai's real estate industry is maturing, with potential property purchasers having a wealth of competitive options across all sectors, a new study has found.
According to a report by Cluttons, a real estate specialist which has had a dedicated presence in the Middle East since 1976, the current favourable position for buyers is increasing demand and creating various pockets of growth.
Interest is being particularly directed at Dubai properties "that offer value for money, clear lifestyle amenities and desirable extras such as views or green space", Cluttons said.
Cluttons also noted that now is an "ideal time" for businesses looking to upgrade or downscale their existing office space within Dubai, with various competitive office zones emerging.
"The industrial and logistics sector follows this trend, with landlords now taking the decision to offer long-lease agreements, a new step for the emirate," added the company.
Meanwhile, the 2010 AT Kearney FDI Confidence Index showed last week that Dubai is now the preferred destination of choice for future foreign direct investment in the Middle East and North Africa region.