UAE property set to attract fresh interest

23/01/2012 - Dubai Property News Posted by Neil King
UAE property set to attract fresh interest
Interest in UAE properties is set to rise in 2012. That is the view of JLL, a leading real estate investment and advisory firm, which has claimed that the forecast growth will be driven by private investors and those people with high net worths. "We think we will see increased activity in this sector as more confidence returns to the residential sector, perhaps with the UAE continuing to be a beneficiary of the Arab Spring as a relative safe haven, and as more projects get completed and handed over," Alan Robertson, chief executive of JLL in the Middle East and North Africa, commented. Mr Robertson acknowledged that 2011 was a difficult year for people seeking to invest in UAE property. However, he insisted that the prospects for 2012 were much better, with plenty of wealthy people keen to invest their money in UAE properties. Last year, the UAE property market was distorted by the political uprisings in nearby regions.