Dubai Property Market on the up

04/04/2012 - Dubai Property News
Dubai Property Market on the up

Dubai’s property market is becoming more and more buoyant, according to experts in the real estate sector. Figures from the Dubai Land Department (DLD) reveal the number of properties sold in Dubai in the first quarter of 2012 rose by 54%, with the value of property also up by 32% compared to the same period last year. That’s an impressive increase to Dh5.24 billion from Dh3.96 billion in Q1 2011.

The best performing areas include Emirates Hills, Jumeirah Beach Residence and Dubai Marina, which is home to The First Group’s latest hotel apartment development; the prestigious TFG Dubai Marina Hotel. The 4 star hotel property will occupy a prime location, within walking distance of the beach front and a multitude of retail and leisure facilities.