Dubai property market going strong

19/02/2012 - Dubai Property News
Dubai property market going strong

The value of property transactions in Dubai rose by 20% in 2011 to reach 143 billion dirhams, according to a new report by the Real Estate Regulatory Authority (RERA). RERA also forecasts that the property market will remain stable or witness further increases throughout 2012. Sales in property in Dubai were bolstered by an influx of 6,400 new property investors, mainly from inside the UAE, India and the UK. The strongest performers of the emirate’s property market included areas such as Emirates Living, Downtown Dubai, Palm Jumeirah and Dubai Marina - the location of The First Group’s latest prestigious hotel apartment project, The First Group Marina Hotel. Watch this space for all the latest details.