Dubai property market set for 'bull run', says expert

08/08/2011 - Dubai Property News Posted by Neil King
Dubai property market set for 'bull run', says expert

The Dubai property market is set to see increased demand for homes over the coming months, according to one expert.Mujtaba Virani, a sales consultant with Better Homes, told The National that demand for premium apartments in the Middle East is on the rise.The comments come after it was announced that an apartment in the Burj Khalifa, the world's tallest building, has gone on the market for Dh25 million.It is thought the asking price will test demand for such properties from those looking to investing in property in the UAE."It is my opinion we're in the beginning stages of a bull run in the Dubai property market," Ms Virani told the news provider."Inquiries for such apartments are increasing, primarily from India, Iran and the surrounding GCC countries."The four-bed luxury flat is located on the 87th floor of the iconic tower and boasts the building's highest residential terrace.